Investment demand is pouring into real estate with fewer government regulations, such as officetels. In particular, unlike Seoul, the metropolitan area, and the Chungcheong region, where regulations like the June 17 real estate measures are heavily imposed, the rise in prices in local metropolitan cities is attracting attention.
Especially in Ulsan, the price increase is becoming noticeably higher as transactions by outsiders increase to avoid regulations, and the local real estate market is heating up as demand to invest before regulations rise.
Ulsan Metropolitan City has abundant development benefits, such as designation as an economic free zone. In particular, Nam-gu is expected to lead the local economy in the future as the Electrogen Auto Valley, responsible for producing eco-friendly energy and future automobile parts, a future industry food source, is scheduled to be established.
Among them, 'Arte Ecoheim,' being developed in Sinjeong-dong, Nam-gu, Ulsan, is currently undergoing sales. Arte Ecoheim consists of a total of 20 floors, including 22 apartment units, 55 urban lifestyle housing units, and 56 officetel rooms.
In terms of location, it is situated in Sinjeong-dong, which has a high residential preference in Ulsan City, and there are many eco-friendly elements such as Taehwagang Grand Park nearby. It also has excellent transportation convenience, with good access to Ulsan IC via Namsan-ro, and the advantage of easy commuting to Hyundai Motor Company and others.
The educational environment is also good. Within a 1km radius of the project site, there are elementary, middle, and high schools nearby, and it is located in an area dense with educational facilities such as Ok-dong, with commercial facilities concentrated nearby.
The biggest advantage of Arte Ecoheim is its high exclusive use ratio. While nearby complexes have 31-49%, Arte Ecoheim offers a 70% exclusive use ratio, presenting a differentiated configuration from other complexes.
A sales official said, “Considering the future value of Ulsan Metropolitan City, along with the locational advantages, differentiated floor plans, and high exclusive use ratio of Arte Ecoheim, as well as the rarity value of being able to resell, early completion of sales is expected.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
