As the preference for a 'smart single home' becomes more distinct, apartments located within walking distance to schools, known as school zone apartments, are gaining popularity. This is because the main demand group in the real estate market has become the 30s and 40s generation with children, who are flocking to complexes where walking to school is possible.
According to the Korea Real Estate Agency's statistics on nationwide apartment sales transactions from January to May this year, out of a total of 155,987 transactions, about 47.07%, or 73,425 transactions, were made by people in their 30s and 40s. This means that one out of every two apartments was traded by the 30-40 generation. Among the factors most important to 30-40 generation buyers when choosing an apartment, children's education is cited as one of the top priorities.
In the sales market, school zone complexes that allow walking to school are also showing strong performance. An industry expert said, "Complexes with a safe educational environment that allows walking to school have a solid demand base centered on the 30-40 generation, so not only can we expect successful sales, but also price appreciation." He added, "Since both the sales and resale markets are strong, it is advisable to keep an eye on major new supply volumes."
Meanwhile, new complexes that allow walking to school are attracting attention.
Yurim E&C Co., Ltd. plans to supply the 'Geoje Yurim Norway Forest The Ocean,' a residential-commercial complex with up to 47 floors above ground, located in Jangseungpo-dong, Geoje-si, Gyeongnam Province. The complex is within a 500-meter radius of Jangseungpo Elementary School, Haeseong Middle School, and Haeseong High School, making it a 'school zone' complex where elementary, middle, and high school students can all walk to school. Additionally, nearby are Geoje University and the planned Jangseungpo Municipal Library, boasting an excellent educational environment.
Geoje Yurim Norway Forest The Ocean consists of two apartment buildings ranging from 84 to 161㎡ with 299 households, and officetels ranging from 35 to 84㎡ with 44 units, along with neighborhood living facilities, spanning from two basement floors to a maximum of 47 floors above ground. Penthouse units are planned on the top floors.
As a super high-rise complex with up to 47 floors, Geoje Yurim Norway Forest The Ocean offers unobstructed views. It secures a panoramic view overlooking Jangseungpo Port, and some units enjoy permanent sea views, expected to become a landmark in the area.
As a luxury residential complex unseen in the region, various community facilities designed to increase resident satisfaction are also attracting attention. Facilities such as a golf practice range, brunch caf?, guest house, fitness center, sauna, and reading room will be provided.
The location is also excellent. The complex has convenient city transportation networks including Geoje-daero, Neungpo-ro, and Jangseung-ro. Through Songjeong IC, a well-developed metropolitan transportation network connects to Geoga Bridge, Busan, Changwon, and Gimhae. In particular, the Southeast New Airport is planned to be built on Gadukdo, connected to Geoje via Geoga Bridge, enhancing future value. Additionally, the Okpo National Industrial Complex, where Daewoo Shipbuilding & Marine Engineering is located, is only a 5-minute drive away, making it advantageous for living close to work.
Moreover, some officetel units feature terrace-specialized designs and 2-3 room layouts, allowing residents to experience a relaxed lifestyle suitable for both living and leisure, making them attractive as alternative products to small apartments and expected to draw investment demand.
The complex also plans neighborhood living facilities, enabling a one-stop lifestyle. Within a 1.5 km radius are Jangseungpo-dong Community Center, Geoje Culture and Arts Center, Daewoo Hospital, Geoje Fire Station, Jisimdo Terminal, Jangseungpo Intercity Bus Terminal, and Geoje Passenger Terminal, providing various living conveniences. Additionally, Jangseungpo Waterfront Park and Hyopseongbong are adjacent, allowing for a comfortable life surrounded by nature.
Meanwhile, the model house for 'Geoje Yurim Norway Forest The Ocean' is scheduled to open in August.
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