Geoje City Attracts Outsiders... Immediate Resale Possible 'Geoje Yurim Norway Forest The Ocean' July Sale

There is an increasing trend of out-of-town investors making expeditionary investments in the real estate market of Geoje-si, Gyeongsangnam-do.

According to data from the Korea Real Estate Board, among the total 782 apartment sales transactions in Geoje-si, Gyeongnam, in the first quarter of this year, 341 transactions (43.61%) were purchases by buyers from outside the jurisdiction. This is an increase of 11.09 percentage points compared to 32.51% in the first quarter of last year, meaning that 4 out of 10 apartments in Geoje-si were bought by outsiders.

Accordingly, the monthly apartment sales price index has continued to rise. In particular, in April of this year, Geoje-si recorded a 0.49% change rate in the sales price index, the highest among the eight cities in Gyeongnam.

The biggest reason for the popularity of Geoje-si apartments is that it is a non-regulated area. If one has been subscribed to a housing subscription savings account for more than six months and deposited a certain amount, any household member, not just the head of the household, can apply regardless of the number of houses owned. There are no restrictions on re-winning, loan regulations are loose, and immediate resale is possible upon full payment of the contract deposit.

The industry analyzes that the revival of the shipbuilding industry, which had slowed due to COVID-19, and the positive impact of large national projects such as the Southern Inland Railway (Western Gyeongnam KTX) and Gadeok New Airport have contributed to the economic recovery.

[Geoje Yurim Norway Forest The Ocean Perspective, Yurim E&C Co., Ltd.]

Meanwhile, Yurim E&C Co., Ltd. announced that it will launch the 'Geoje Yurim Norway Forest The Ocean' in Jangseungpo-dong, Geoje-si, Gyeongnam, in July. Geoje Yurim Norway Forest The Ocean is a mixed-use complex consisting of two buildings with 2 basement floors and 47 above-ground floors, comprising 299 apartments ranging from 84 to 161㎡, 44 officetels ranging from 35 to 84㎡, neighborhood living facilities, and penthouses planned on the top floors.

Geoje Yurim Norway Forest The Ocean boasts a panoramic view as a super high-rise complex with up to 47 floors. It offers a panoramic view overlooking Jangseungpo Port, and some units enjoy a permanent sea view, expected to become a landmark in the region.

As a luxury residential complex unseen in the area, it attracts attention with various community facilities to enhance residents' satisfaction. Facilities such as a golf practice range, brunch caf?, guest house, fitness center, sauna, and reading room will be provided, allowing for a comfortable and sophisticated living experience.

The complex is equipped with convenient city transportation networks such as Geoje-daero, Neungpo-ro, and Jangseung-ro, and has a well-developed metropolitan transportation network connecting to Busan, Changwon, and Gimhae via Songjeong IC and the Geoga Bridge. In particular, the Southeast New Airport is planned to be built on Gadeokdo, connected to Geoje via the Geoga Bridge, enhancing future value.

A new Geoje Station on the Southern Inland Railway (Western Gyeongnam KTX) is also planned to be established in Geoje-si. The Southern Inland Railway is a project to build a 177.9 km single-track railway connecting Gimcheon and Geoje with a national budget of 4.8015 trillion won, enabling travel from Seoul to Geoje in about 2 hours and 50 minutes upon completion.

Geoje Yurim Norway Forest The Ocean is located within 500 meters of Jangseungpo Elementary School, Haeseong Middle School, and Haeseong High School, making them accessible on foot. Nearby are Geoje University and the Jangseungpo Public Library, providing excellent educational conditions. Additionally, the Okpo National Industrial Complex, home to Daewoo Shipbuilding & Marine Engineering, is just a 5-minute drive away, offering the advantage of proximity to workplaces.

The complex also plans neighborhood living facilities, enabling a one-stop lifestyle. Within a 1.5 km radius are various convenience facilities such as Jangseungpo-dong Community Center, Geoje Culture and Arts Center, Daewoo Hospital, Geoje Fire Station, Jisimdo Terminal, Jangseungpo Intercity Bus Terminal, and Geoje Passenger Terminal. Adjacent to Jangseungpo Waterfront Park and Hyopseongbong, residents can enjoy a pleasant life surrounded by nature.

Meanwhile, the model house is scheduled to open in July.