Busan Gupo Regional Housing Association 'Gupo Bando Yubora River Sky' Recruiting Members

There is a growing consensus that new supply will emerge mainly in Buk-gu, Busan. No new supply has been made since 2019. As a result, real estate insiders say that new supply will occur mainly in Buk-gu.

In response to this need for supply, the (tentative name) Busan Gupo Regional Housing Association is emerging. A regional housing association is a system where local residents who establish an association for apartment construction participate as the project entity. Since the land is purchased together and houses are built, the association acts as the developer.

Currently, the Busan Gupo Regional Housing Association has selected Bando Construction as the scheduled contractor and is actively starting apartment construction. When purchasing an apartment from a regional housing association, you can own a home at a price about 10-20% lower than general sales prices. In particular, even those without a subscription savings account can join as members.

Based on these points, the Busan Gupo Regional Housing Association is actively recruiting members. The upcoming Gupo Bando Yubora Riverside will be built with 6 buildings, ranging from 3 basement floors to 35 floors above ground. The exclusive areas consist of 59㎡, 75㎡, and 84㎡ types A and B. Utilizing the 35-floor height, a view of the Nakdong River will also be provided.

The distance between buildings is also arranged generously, allowing for privacy protection. In addition to green spaces and walking trails, various landscaping facilities such as small parks, central parks, pond parks, and children's playgrounds are being created, along with community facilities including an on-site kindergarten, gym, and book caf?.

This ensures a satisfactory living experience. Furthermore, various service spaces are provided according to the exclusive area.

The 59㎡ units feature a 4-bay slab-type layout with a pantry and master bedroom dressing room. The 75㎡ units have a tower-type layout with separate pantries in the entrance and living room. They also offer a spacious dressing room to solve storage concerns.

The 84㎡ units are highly preferred by families with children. They are divided into type A, a 4-bay slab-type layout with abundant storage spaces such as a kitchen pantry, and type B, which has a layout separating the master bedroom and children's rooms for efficient space use.

Moreover, with the full opening of the Sasang Station and Gimhae Light Rail Transit, transportation infrastructure is expected to be significantly enhanced. In addition, infrastructure such as university hospitals and various financial facilities will be established. Gupo Market is known as one of Busan's three major markets, so it can be said that most living-related infrastructure needed for residence is already in place.

Additionally, elementary, middle, and high schools are located within walking distances ranging from 5 to 30 minutes, so there is little concern about children's education. Furthermore, plans are underway to build a large outlet, library, and riverside park.

Currently, the (tentative name) Busan Gupo Regional Housing Association has closed the first round of 500 members due to steady membership from landowner members, and has submitted the necessary certificate change documents for the second recruitment to Buk-gu Office, receiving approval to begin full-scale member recruitment from August.

A representative of the Busan Gupo Regional Housing Association said, “We are helping those who have great concerns about owning a home through member recruitment,” adding, “Especially since the facilities within the complex are well prepared, considering the increasing time spent at home these days, the space is being reborn as one that can be used in various ways.”

Meanwhile, Gupo Bando Yubora Riverside requires applicants to be household heads who are either homeless or own a small home of 85㎡ or less. Anyone who has lived in Busan, Gyeongnam, or Ulsan for more than six months can apply. For detailed information and membership inquiries, contact the Busan Gupo Regional Housing Association.

The (tentative name) Gupo Regional Housing Association is cooperating with several partners including the scheduled contractor Bando Construction, trustee company Woori Asset Trust, and loan finance company DB Investment Securities, and plans to continue the rapid progress of the Gupo Regional Housing Association project.