Bando Construction Launches Sales of Gyeyang's First Private-Sale Project, 'KAIVE UBORA & Sigan'

Planned population of about 43,000
Commercial land accounts for just 0.91%
A neighborhood retail district integrated with homes, schools and parks

Bando Construction said on October 28 that “KAIVE UBORA,” the first privately developed residential project for sale in Gyeyang New Town, and “Sigan,” its branded commercial facility, have officially begun their sales programs.

A view of Bando Construction’s first lifestyle-stay mall, Sigan, in Block AC3 of Gyeyang New Town.

Gyeyang New Town is being developed on a site of approximately 3.35 million square meters, with plans to provide about 18,000 homes and an expected population of more than 43,000. Residential facilities, schools, parks and Gyeyang AX Park are being arranged as an integrated, self-sufficient city offering housing, jobs and everyday amenities.

“KAIVE UBORA&Sigan” is located in a prime area of Gyeyang New Town. The development comprises two basement levels and 15 floors above ground. Block AC3 consists of eight buildings with 614 residential units and 112 commercial units, while Block AC4 consists of eight buildings with 496 residential units and 91 commercial units. The residential units have exclusive floor areas of 84, 92 or 93 square meters. Move-in is scheduled for August 2029.

The main concept for “Sigan,” the commercial facility, is to be “Gyeyang New Town’s first Life Stay Mall,” where visitors can access shopping, dining, education, medical care and everyday services all in one place.

To help activate the commercial facility in its early stages, Bando Construction plans to operate some of the stores directly. It will also introduce support measures to improve rental stability for investors. For some stores, the company is pursuing a master lease arrangement that would guarantee fixed returns for a set period. It is also preparing a tenant-recruitment support program and interest support on down payments for units offered for general sale.

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