SM Group affiliate launches Daejeon apartment project after 20 years

Kyungnam Enterprise has launched sales of a new apartment complex in Daeheung-dong, in central Daejeon, South Korea.

The company says this is the first Kyungnam Honorsville-branded development in Daejeon in about 20 years.

The project will have two buildings rising up to 35 floors, with move-in planned for January 2030.

The sales terms include interest-free payments on part of the purchase and free balcony extensions, though the detailed conditions are set out in the resident recruitment notice.

Buyers are also due to receive a choice of hotel or leisure vouchers, plus access to discounted stays at hotels in Jeju, Gangneung and Yeongwol.

The site is near central Daejeon transit and services, including Centralno subway station, schools and hospitals; a planned tram station is also about 500 metres away.

The complex is planned to include healthcare services linked to remote consultations and medication management, along with fitness and family facilities.