Written by 11:00 AM Economics

DK Asia Grand Opens ‘Wanggil-dong Royal Park City’ with complete infrastructure

– Enjoy royal healing life through ‘more beautiful landscaping and landscaping facilities’ than a botanical garden
– Subway line 9 and airport railway direct access project confirmed, allowing travel to Gangnam in the 40s without transfer. The large-scale developer DK Asia announced the grand opening of ‘Wanggil Station Royal Park City’, which is showcased as the first premium pilot project in the resort special city with a total of 21,313 units, equipped with a European-style fountain, themed garden with unique art sculptures, and a comprehensive infrastructure not envy of a botanical garden. The grand opening is scheduled for May 13.
– In addition to providing full options worth 100 million won for free, the company has reduced the down payment from the initial 10% to 5% and also offers full mid-term installment support to make it easier for consumers to own their homes.
– The highlight of the grand opening of Wanggil Station Royal Park City Prugio is the completion of urban infrastructure. It has been developed as an apartment where a ‘royal healing life’ filled with health is possible with ‘more beautiful landscaping and landscaping facilities than a botanical garden’. By expanding the facilities boldly with additional investments of 123.3 billion won last year, the brand value of Wanggil Station Royal Park City is being elevated with luxury landscaping and landscaping facilities harmonized with nature, going beyond just a residential space.
– The landscaping here is designed intricately, resembling a meticulously designed botanical garden, allowing all households to experience seasonal changes and feel nature up close. Professionals returning home to Wanggil Station Royal Park City are designed to feel like going to a resort for work, and it is expected to provide a resort-like holiday experience for families.
– The abundant greenery is expected not only to enhance the beauty of the residential complex but also to improve the emotional well-being of the residents. The clean air and peaceful environment provided by nature effectively relieve daily stress and help all family members of all ages enjoy physical activities. These conditions combined to create an ideal environment within the apartment for ‘well-aging’. Additionally, by planting the fragrance tree gold magnolia to be used as raw material for luxury brand Chanel’s perfume inside the complex, residents can experience the luxury ‘scent’ within the gardens.
– The burden of homeownership for the residents has been significantly reduced. DK Asia announced that the down payment for Wanggil Station Royal Park City has been reduced from the original 10% to 5%. In the case of mid-term installment loans, they also provide full support at zero interest, enabling apartment contracts with only 5% of the total deposit. For an approximately 34-square-meter apartment, it can be purchased for around 30 million won, with no additional costs until move-in. Currently, with the interest rates for mid-term installment loans standing at around 4-5% varying by bank, reducing the financial burden significantly. Being newly released apartments, it avoids the ‘stress DSR’ (Debt Service Ratio) applied the previous year during recruitment.
– In addition, a ‘full option’ worth 100 million won is provided, including the latest LG air conditioning systems with air purification functions in each room, LG ObjColumn built-in refrigerator with cooling, freezing, and kimchi storage compartments, and free provision of storage within the unit for each household, making it Incheon’s first full-option apartment.
– The housing exhibition hall is surrounded by diverse landscaping and various art sculptures to provide visitors with various sights and to allow a leisurely environment to tour the housing exhibition hall.
– With its location, Wanggil Station Royal Park City Prugio is close to the beautiful ‘Arabat Street’ and is surrounded by mountains on three sides, boasting a pleasant natural environment with a 1,900,000 square meters central park right in front of the complex, usable like a garden.
– Inside the complex, there is an indoor golf course with GDR devices, a hotel-style swimming pool and sauna, a premium cinema where you can watch simultaneous screenings, a fitness center equipped with Italian luxury brand Technogym exercise equipment, and three meals service. Moreover, luxury yacht services are also available, enabling residents to enjoy a high-quality lifestyle within the complex.
– Wanggil Station Royal Park City offers convenient transportation and facilities. Located near Incheon Subway Line 2 Wanggil Station, it provides convenient access to Incheon and surrounding areas, including Gangnam and Seoul Gangseo (Magok), Gimpo, through the Airport Expressway and Airport Railway. Particularly, with the Airport Railway, residents can conveniently travel to Wanggil Station using the limousine bus service provided by DK Asia.
– Furthermore, the fact that major corporations reside behind the area is also a positive factor. With demand from consumers with purchasing power, the area is expected to become more lively with regional development. One prominent area is the Hana Financial Group moving to Cheongna. Being called Cheongna Group Headquarters, with the completion scheduled for the end of 2025, six affiliated companies of Hana Financial Group will be located there.
– The area also attracts attention from robotics-related companies. The automation specialist company Uil Robotics is set to expand its headquarters and factory within the Cheongna IHP Urban Industry Complex on an 8,000 square meter site (approximately 26,000 square meters).
– Moreover, LG Magna e-Powertrain has established its headquarters in Incheon West Industrial Park, and BMW Group Korea has opened an R&D center in Cheongna International City. In addition, Seoul Asan Hospital Consortium has been selected as a priority negotiator for the Cheongna Medical Complex Town, with the goal of opening a comprehensive hospital, a medical biotech research facility, and more by 2029. Furthermore, Costco Cheongna is set to open in August 2024, and Starfield Cheongna in 2028, both reachable within 8 minutes by car. Especially, Starfield Cheongna will be the first stay-type shopping mall in Korea, being created as a shopping mall with a dome stadium.
– Wanggil Station Royal Park City has a scale of 15 buildings from basement 2nd floor to ground 29th floor, and a total of 1,500 units with a floor area of 59·74·84·99 square meters. Construction is undertaken by the prestigious housing company Daewoo Construction, with landscaping handled by Samsung C&T Resort, the #1 landscaping company in South Korea. Occupancy is scheduled for September this year, and the housing exhibition hall is located in Wanggil-dong, Seo-gu, Incheon. During the visit to the housing exhibition hall, a promotion is also underway where DK Asia provides yacht tour tickets for Arabat Street for prospective residents.

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