Hyosung Heavy Industries 'Harrington Mare' First-Come, First-Served Unit Designation Contract

Hyosung Heavy Industries Co., Ltd. and Jinheung Enterprise Co., Ltd. are currently conducting preemptive unit and building designation contracts for ‘Haerington Mare,’ constructed through the Uam 1 District Housing Redevelopment Project in Uam-dong, Nam-gu, Busan Metropolitan City, offering benefits such as a 5% down payment and interest-free interim payments to reduce initial financial burdens.

Haerington Mare is a well-rounded apartment complex that has attracted strong interest from buyers early on, equipped with various living infrastructures, community facilities within the complex, and significant favorable factors. It is gaining attention as a landmark residential complex that will represent the Bukhang area of Nam-gu, Busan in the future.

The complex boasts a bayfront location directly in front of Busan Bukhang, giving it high scarcity value and offering ocean views (for some units). For residents without ocean views, a ‘Triple Sky Bridge’ design has been applied to allow enjoyment of the Bukhang view, featuring a Sky Party Room on the 15th floor, a Sky Guest Room on the 26th floor, and a Sky Lounge on the 35th floor.

Busan Station, Seomyeon, and Kyungsung University area are accessible within about 10 minutes by car, and convenience facilities such as Hyundai Department Store, Homeplus, and E-Mart are nearby. Within a 5-minute walk are Seongcheon Elementary School, Daeyeon Middle School, Seongdong Middle School, Seongji High School, Baejeong High School, Kyungsung University, and Pukyong National University, boasting a safe school district. The complex is also located near green spaces such as Uam-dong Urban Forest and Uryongsan Park.

The community and landscaping inside and outside the complex are excellent. Planned facilities include a fitness center, GX room, golf practice range, screen golf, billiards room, and table tennis zone. The complex also plans to include indoor and outdoor swimming pools and saunas, which are rarely found in apartment community facilities.

Additionally, spaces for various entertainment activities such as karaoke rooms, DIY rooms, cultural lecture rooms, and cinema rooms will be created. Furthermore, business centers, male and female reading rooms, and small libraries related to work and education will also be established.

Regarding the Bukhang Redevelopment Project, it is about four times the size of Centum City and is expected to have an economic ripple effect of approximately 31.5 trillion KRW. The first phase, targeting 920,000㎡ including Piers 1 to 4 and the Central Pier area, completed infrastructure construction in 2022. The second phase (scheduled for completion in 2030) passed the preliminary feasibility study in October 2022, and various administrative procedures necessary for groundbreaking are planned to be completed by early 2024.

The third phase of the Bukhang redevelopment project, which involves relocating the U.S. military’s 55th Supply Depot and Pier 8 in Dong-gu to the vicinity of Sinsundae Pier in Nam-gu, and developing a 3.1 million㎡ area including Piers 7 and 8, Uam Pier, Uam CY, and Singamman and Gamman Piers, also raised expectations when Busan City announced its promotion plan last August. Notably, the Isunsin-daero connecting Jung-gu and Dong-gu is scheduled to open on the 31st of this month, which is expected to alleviate traffic congestion in the area.

Looking at detailed transportation benefits, a new transportation network centered on an integrated transfer system linked to KTX Busan Station, the International Passenger Terminal, and Gimhae International Airport is being promoted. A representative example is the tram, an eco-friendly transportation mode planned for the Uam-Yongdang-Gamman Line and the C-Bay Park Line. The tram runs on electricity, resulting in low pollutant emissions.

The Uam-Yongdang-Gamman Line operates over a total of 16 stations covering 8.62 km, connecting Beomil Station (Line 1), the C-Bay Park Line, Uam Station, and the Oryukdo Line, with a new station planned near the complex.

The C-Bay Park Line consists of a 1-1 phase covering 1.94 km from Bupyeong-dong to Jungang Station (Line 1), the Bukhang Redevelopment Area, and the International Passenger Terminal; a 1-2 phase connecting the International Passenger Terminal, Port Samgeori (Uam Line), and Munhyeon Station (Line 2); and a second phase linking Munhyeon Station (Line 2), Bujeon Station (Line 1, Donghae Line), and Busan Citizens Park, totaling 12.08 km. This line passes through the Bukhang Redevelopment Area, connects old downtown areas such as Munhyeon Innovation City, and will have transfer systems with Lines 1 and 2 and the Donghae Line, attracting significant attention.

Haerington Mare also offers various financial benefits to reduce the financial burden on contract holders. It provides full interest-free support for 60% of the interim payments and sets the down payment at 5%, half of the typical 10% in other complexes, significantly lowering the initial financial burden.

The Haerington Mare model house is currently open for viewing.

This content was produced with the assistance of AI translation services.