Kumho E&C said it will begin selling “Wangsuk Atera,” a privately participated public-sale apartment complex, in May in Wangsuk District 2 in Namyangju, Gyeonggi Province. The project will be the first complex in the third-phase new town Wangsuk District 2 to move to the main subscription stage, and it will be subject to South Korea’s price cap on new apartment sales. The company said the cap is drawing attention from buyers seeking more affordable prices amid rising presale costs.
Wangsuk Atera, planned for the A-1 block in Wangsuk District 2, will have seven buildings from two basement levels to 29 stories, totaling 812 units. Homes will be offered in 59, 74 and 84 square meters, focusing on mid-size layouts favored by end users. Kumho E&C said the complex will be oriented mainly to the south and use a “4-bay” design to improve daylight and ventilation. In an earlier pre-subscription, the 84-square-meter type posted a 53.4-to-1 competition rate, the company said.
Wangsuk District 2 is a new town planned to accommodate about 16,000 households and is about 5 kilometers from Seoul’s boundary, the company said. It is near other large development areas, including Wangsuk District 1, Dasan New Town and the Yangjeong station-area project, allowing residents to share infrastructure.
Within about 1 kilometer of the complex, a new station tentatively called “Station 946” is planned on an extended Seoul Subway Line 9 route and the Gyeongui-Jungang Line, according to the company. Transfers to the GTX-B line are expected to be convenient via Wangsuk District 1, one stop away. Kumho E&C said residents are expected to use nearby Dasan New Town amenities at move-in, including Hyundai Premium Outlets and E-Mart. Nearby green and leisure facilities include Ilpae Neighborhood Park, Dasan Central Park and the Namyangju Sports and Culture Center.
The company said education and daily-life facilities are also planned, with sites for a kindergarten and elementary and middle schools within walking distance, and proximity to a future-oriented education space called “WE Dream Park.” It added that a central commercial district site is nearby, which it said should reduce inconvenience in the early period after move-in.
Kumho E&C said additional development is planned in the area, including the Wangsuk Urban Advanced Industrial Complex in Jingeon-eup, expected to host advanced industries such as artificial intelligence and biotechnology. It also cited plans including a Kakao data center and a Woori Financial Group financial R&D center.
* This article has been translated by AI.
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