"Last Chance for 6-Month Resale Restriction" Ulsan Jiwel City Xi, a Beneficiary Complex of Metropolitan Resale Restrictions

Benefits for Private Sale Complexes in Non-Regulated Areas of the Capital Region and Metropolitan Cities Supplied Before August
Special Supply on the 25th, First Priority on the 26th, Winners Announced on June 2nd and 3rd Respectively... Overlapping Applications Allowed for Complexes 1 and 2

The government's plan to expand resale restrictions is showing signs of heating up the pre-sale market. In particular, with this policy announcement, private pre-sale complexes in non-regulated areas within the metropolitan area and local metropolitan cities that are pre-sold before August are expected to benefit, accelerating the concentration phenomenon.

On the 11th, the government announced the 21st 5.11 measures, which include strengthening the restriction period on housing resale activities. The key point of this measure is to extend the resale restriction period for houses constructed and supplied on private land in non-regulated areas within the metropolitan area's overpopulation control zones and growth management zones, as well as local metropolitan city urban areas, from the existing 6 months to until the ownership transfer registration. This regulation is planned to be applied as soon as possible by completing the revision of the Housing Act Enforcement Decree by August.

Currently, areas where resale is prohibited until ownership transfer registration include speculative areas, speculative overheating districts, adjustment target areas, and metropolitan areas subject to the pre-sale price ceiling system, including Seoul and some parts of the metropolitan area. As a result, pre-sale overheating is continuing mainly in non-regulated areas where resale is relatively free.

Among these, Shin Young Co., Ltd. is receiving continuous inquiries due to the benefits of this real estate policy for ‘Ulsan Jiwell City Xi,’ which is being supplied on the largest scale in Ulsan in 30 years.

In fact, Ulsan Jiwell City Xi meets the first-priority subscription condition with a subscription savings account held for more than 6 months regardless of the number of houses, and the resale restriction period is short at 6 months. Additionally, unlimited resale is possible regardless of the number of times after 6 months from the announcement of winners. Also, with the application of the safe resale program, resale is possible before the first interim payment. The first deposit is a fixed amount of 10 million KRW for exclusive 59㎡ units and 20 million KRW for exclusive 84㎡ and 107㎡ units, and the interim payment (60%) is interest-free until move-in, reducing the burden on buyers.

Within a 1 km radius, a variety of convenient living facilities provide a one-stop living environment. First, a public daycare center is planned to be established within the complex, and schools such as Seobu Kindergarten, Seobu Elementary School, Noksu Elementary School, Hyundai Middle School, Hyundai Cheongun Middle School, Hyundai High School, and Hyundai Cheongun High School are accessible on foot.

In addition, Hyundai Department Store (Ulsan Dong-gu branch), Ulsan University Hospital, and Hyundai Art Hall are also within walking distance.

Moreover, Hyundai Heavy Industries is located directly opposite the complex, and major companies within large industrial complexes such as Hyundai Mipo Dockyard are accessible by car.

The subscription schedule starts with special supply on May 25 (Monday), followed by first priority on May 26 (Tuesday), and second priority on May 27 (Wednesday). The announcement of winners for Complex 1 will be on June 2 (Tuesday), and for Complex 2 on June 3 (Wednesday). The official contract period will be held over four days from June 15 to 18. Since the announcement dates differ, overlapping subscriptions for Complex 1 and Complex 2 are possible.

Meanwhile, Ulsan Jiwell City Xi is supplied in the Seobu-dong area of Dong-gu, Ulsan Metropolitan City. It consists of two complexes, with 18 buildings ranging from 5 basement floors to 37 above-ground floors, totaling 2,687 households with exclusive areas ranging from 59 to 107㎡. The construction company is GS Construction, making its debut in Dong-gu, Ulsan.