Bando Construction to launch 1,110-home Kaive Ubora project in Gyeyang New Town

Bando Construction is preparing to offer the first privately sold homes in Gyeyang New Town, Incheon, with its Kaive Ubora project scheduled to go on sale in October.

The development will rise on blocks AC3 and AC4, with 614 homes in AC3 and 496 in AC4. The buildings will range from two underground levels to 15 floors above ground, and the apartments will have exclusive areas of 84, 92 or 93 square meters. The project will also include 203 commercial units.

Transport is one of the development’s main selling points. Residents will be able to use Bakchon Station on Incheon Subway Line 1 to reach Gimpo Airport Station in three stops. The station connects with the Airport Railroad, Seoul subway lines 5 and 9, and the Seohae Line.

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The symbolism of being the first privately sold apartment in Gyeyang New Town, access to Seoul and demand from workers living close to industrial development will be key competitive advantages.

Bando Construction is also promoting planned kindergarten, elementary and middle school sites in front of the complex, along with future green spaces such as the Gyeyang Beori linear park and a cultural park. The company plans about 1.5 parking spaces per household and will provide facilities including fitness and indoor golf clubs, a small library, a daycare center and a senior center.

Additional amenities will include guest rooms, a coin laundry, seasonal storage and a dry car wash. AC3 will also have a shared childcare center. The commercial area will use Bando’s “Sigan” brand and include neighborhood, retail and sales facilities. A company representative said the project would seek to capture early housing demand by combining residential and commercial development.

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We plan to capture early housing demand in the new town through mixed-use development combining residential and commercial facilities.