"Hwaseong Hyangnam Lotte Castle" to Announce Winners on Nov. 10... Contract Signing Nov. 23-25

Document Submission Nov. 14-17... Check Eligibility Documents and Contract Requirements After Confirming Results
5% Down Payment, with KRW 10 Million First Installment... 84-Square-Meter Units Require KRW 23.35 Million to KRW 27.3 Million in Down Payments

The "Hwaseong Hyangnam Lotte Castle Signature," being built by Lotte Construction, will announce the winners of its housing subscription on November 10 and begin the subsequent sales procedures, including document submission and contract signing by eligible winners.

Documents can be submitted over four days, from November 14 to 17, followed by contract signing over three days, from November 23 to 25. Winners can check their results on the Subscription Home website and prepare their documents and contracts in accordance with the resident recruitment notice and information on the official website.

Document submission is the process of verifying the subscription application and the winner's eligibility for the housing supply. Since the required supporting documents may vary by supply category and applicant, it is important to check in advance which documents apply and the requirements for issuing them. Details such as the documents required for signing a contract and how to pay the down payment can also be obtained at the model home.

The complex will be built in Sangsin-ri, Hyangnam-eup, Manse-gu, Hwaseong, Gyeonggi Province. It will comprise 17 buildings, rising from three basement levels to a maximum of 29 above-ground floors, with 1,542 units ranging from 84 to 120 square meters in exclusive floor area. The 84-square-meter units account for 1,331 homes, or about 86.3% of the total, while larger 102-, 112- and 120-square-meter units are also available, offering a wider range of choices. Move-in is scheduled for December 2029.

Key terms for winners to review ahead of contract signing include the down payment and the method of paying the interim payments. "Hwaseong Hyangnam Lotte Castle Signature" offers a 5% down payment and interest-free financing for the full amount of the interim payments, reducing the financial burden from contract signing until move-in.

Prices for the 84-square-meter units range from KRW 467 million to KRW 546 million, making the down payment KRW 23.35 million to KRW 27.3 million. The first installment of the down payment is KRW 10 million, with the balance due by the designated deadline.

Based on the highest price of KRW 546 million for an 84-square-meter unit, buyers must pay the first down payment installment of KRW 10 million, followed by the remaining KRW 17.3 million by the deadline. If the full amount of the interim payments is covered by a loan, the buyer's own funds required for the purchase price before move-in will be the KRW 27.3 million down payment.

The interim-payment loan is interest-free in full, relieving buyers of the burden of paying interest on the loan each month or settling it separately at move-in.

In terms of price, 84-square-meter units start in the KRW 400 million range, and even the highest-priced 84-square-meter unit, including the balcony extension fee, is in the KRW 500 million range.

"Hwaseong Hyangnam Lotte Castle Signature" is holding a document-submission event for subscription winners. Customers who complete the document submission process will receive Lotte Department Store gift certificates.

The complex is also holding a "BUY TOGETHER" group-purchase promotion for eligible winners and reserve winners who sign contracts. Those who sign together with coworkers, school alumni or neighbors, for example, will receive additional benefits depending on the number of participants.

Applications for the promotion will be accepted through the contract-signing period. Details on how to apply and the eligibility requirements are available at the model home.

The complex is the first Lotte Castle-branded apartment development in Hyangnam and is planning community facilities and landscaping befitting its scale of 1,542 homes.

The community facilities will cover a total of 7,660.54 square meters, or approximately 2,317 pyeong. The signature Aqua Garden Pool is planned to feature four 25-meter lanes, a kids' pool and a heated pool. Other facilities will include a sauna, GX room, Pilates room, indoor golf practice range and screen golf facility.

Cultural and learning facilities will include a two-story "Duplex Library," private study rooms and a media room. The private study rooms are set to offer Greenlamp Library's study-management service. Plans also include two years of complimentary YBM language-learning community programs, a Kyobo Book Centre book-curation service and shuttle buses for school commutes.

The landscaping will feature Lotte Construction's landscaping brand, "GREEN X GROOVE." Plans include a circular walking trail of approximately 2.4 kilometers centered on a central plaza, themed forest gardens and a glamping garden. A detached guesthouse will also be provided, allowing visitors to stay in a space separate from residents' homes.

The 84-square-meter units will be available in seven layouts, offering a wider range of choices. Some layouts will feature an alpha room and three-sided open design, while storage options will include pantries, dressing rooms and separate storage rooms for each household.

Residents will have access to shopping, cultural and medical facilities in Hyangnam Districts 1 and 2. The complex is also well situated for commuting to nearby industrial complexes, including the Hyangnam Pharmaceutical Complex, Balan Industrial Complex and the planned H-Techno Valley. Nearby roads include National Routes 39 and 82 and the Balan Interchange on the Seohaean Expressway, while Hyangnam Station on the Seohae Line is already in operation.

With the scarcity of newly built, large-scale complexes featuring extensive community facilities and specialized landscaping, along with the opening of the Seohae Line and solid demand from workers at nearby large industrial complexes, the development is expected to lead local market prices after residents move in.

The model home is located in Hagil-ri, Hyangnam-eup, Manse-gu, Hwaseong, Gyeonggi Province.

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