Costco Gimhae Branch Opening Imminent! Noted as a Beneficiary Complex Near ‘ePyeonhansesang Juchon The Premier’

As the opening of Costco Gimhae branch approaches, the nearby ‘ePyeonhansesang Juchon The Premier,’ which is about to be launched, is expected to directly benefit, attracting the attention of prospective buyers.

Scheduled to open on August 25, Costco Gimhae branch will be established in the Cheongok-ri area of Juchon-myeon. Following the recently opened Hanam branch in Gyeonggi Province, it will be the 17th store in Korea and the first in Gyeongnam Province. Notably, it is similar in scale to the Uijeongbu branch, which is the largest Costco in Asia by total floor area.

The opening of Costco Gimhae branch is expected to bring the so-called ‘Costco effect’ to nearby real estate. Typically, large warehouse-style discount stores like Costco sell products in bulk boxes or bundles, offering higher quality goods at lower prices compared to regular marts. Additionally, since Costco operates on a membership basis, consumer loyalty is high, generating demand even from a wider area. This not only revitalizes commercial districts but also drives up local real estate values.

Consequently, residential complexes located close to Costco usually experience steep price increases. In the sales market, complexes benefiting from the Costco effect have recorded high subscription competition rates. For example, ‘Harrington Place Smart Valley’ supplied in Asan, Chungnam in June last year highlighted its walking distance to Costco Cheonan branch, closing the first subscription round with an average competition rate of 9.42 to 1 and a peak of 28.25 to 1. Also, ‘The Sharp Rhythm City,’ launched in Uijeongbu, Gyeonggi Province in April, attracted attention for being just a 10-minute drive from Costco Uijeongbu branch, recording an average competition rate of 12.06 to 1 in the first subscription round.

An industry insider stated, “Costco is one of the most popular and loyal consumer destinations among large discount stores, establishing itself as a representative mall zone,” adding, “Given this popularity, the soon-to-open Costco Gimhae branch is expected to positively impact nearby real estate, directly benefiting ‘ePyeonhansesang Juchon The Premier,’ which is scheduled for sale in September.”

Meanwhile, ePyeonhansesang Juchon The Premier, gaining attention as a mall zone close to Costco Gimhae branch, will be built in the Juchon-myeon area of Gimhae City, Gyeongnam Province. It will consist of 9 buildings ranging from 2 basement floors to 29 above-ground floors, with a total of 992 units sized between 84 and 115 square meters. All units are characterized by their rarity as medium-to-large sized apartments.

The complex is conveniently located near Seoncheon-ro, Bunseong-ro, and Dongseo-daero, facilitating easy movement within Gimhae City. Additionally, accessibility to major cities including Busan and Changwon is excellent via Namhae Expressway Seo-Gimhae IC and the six-lane exclusive road between Oedong and Jangyu.

Educational facilities nearby include Gimhae Seo Middle School, Jeil High School, and Imho High School, with plans to open an elementary school in the adjacent Juchon Seoncheon district development. The Naedong academy district is also easily accessible by car. Furthermore, various living infrastructures such as Costco Gimhae branch, Gimhae Sarang Hospital, Kyunghee Medical Center Education Cooperation Central Hospital, Gimhae Cultural Center, Hanaro Mart, and Homeplus are conveniently available.

In addition, the complex boasts a Baesanimsu (mountain at the back, water in front) location with natural environments like Jomang River and Gyeongun Mountain situated in front and behind, enhancing the pleasantness of the surroundings. The large-scale waterside park, Mujigae Park, is adjacent, allowing residents to enjoy it as if it were their own backyard, promising high residential comfort. Nearby industrial complexes such as Easy General Industrial Complex, Golden Route General Industrial Complex, and the planned Seo-Gimhae General Industrial Complex also offer a premium for proximity to workplaces.

It is also noteworthy that various development benefits are planned around Seonji-ri in Juchon-myeon, where ePyeonhansesang Juchon The Premier is located. According to the ‘2035 Gimhae Urban Master Plan’ announced by Gimhae City, the adjacent Juchon Seoncheon district is included as a core axis of urban development connecting Jangyu and Jinyeong, expected to serve as a central hub in the future. Moreover, with about 9,300 housing units planned near Juchon Seoncheon district and approximately 4,300 units around the complex, totaling over 13,000 units, the area is set to become a new residential town, promising high future value.

ePyeonhansesang Juchon The Premier will have a housing exhibition hall available.