'ePyeonhansesang Sacheon Sky Marina' Expected to Benefit from Industrial Complex Development

[Aerial view of Gyeongnam Aviation National Industrial Complex (Sacheon District) (left) and Yongdang (Aviation MRO) General Industrial Complex (right) (Image source=Gyeongnam Provincial Government)]

Areas where jobs increase attract people, leading to higher consumption and revitalizing the local economy. As the demand for home purchases grows, the real estate market is significantly affected, causing apartment prices near large industrial complexes or companies with an influx of workers to show a marked upward trend.

Although nationwide housing prices have recently been declining sharply, these areas are showing a strong upward trend on their own. This is due to the solid demand supported by the workers.

In fact, Icheon City in Gyeonggi Province, where SK Hynix's M14 factory and M16 factory have been completed, and Cheonan City, home to Samsung SDI, Samsung Display, and large industrial complexes, are experiencing a favorable real estate market.

Similarly, Sacheon City in Gyeongnam Province is following the same path of rising housing prices due to the establishment of companies and industrial complexes. According to real estate statistics from Real Estate R114, Sacheon City, which attracted 11,288 workers through the development of Korea Aerospace Industries (KAI) and Sacheon 1st and 2nd General Industrial Complexes, as well as the Sacheon Foreign Enterprise Complex in 2006, saw average land prices rise by 50.8% in 2007 compared to 2006.

Sacheon City is scheduled to complete the Gyeongnam Aviation National Industrial Complex (Sacheon District) and Yongdang (Aviation MRO) General Industrial Complex (Phase 2) in December this year. Starting from 2023, with the full-scale move-in of companies, it is expected that about 40,000 people will be attracted, including those in other industrial complexes.

Considering that Sacheon City's current population is about 100,000, this means that approximately 40% of the total population will be workers in companies and industrial complexes, marking the entry into a 'super cycle' of explosive regional growth 17 years after 2006.

As a result, housing prices in Sacheon City are also on the rise. According to Real Estate R114, rental prices increased by 10.5% in July this year compared to three years ago, and the rent-to-price ratio rose by 9.8%, from 72.7% to 82.5%, during the same period.

This is expected to be a significant advantage for DL Construction's 'ePyeonhansesang Sacheon Sky Marina,' scheduled for sale in Sacheon City in September. It benefits from proximity to Sacheon 1st and 2nd General Industrial Complexes, Korea Aerospace Industries (KAI), the newly developed Gyeongnam Aviation National Industrial Complex (Sacheon District), and Yongdang (Aviation MRO) General Industrial Complex, securing excellent live-work proximity as a major construction company's branded apartment.

Especially since there are no new supply plans in the Sacheon area this year, 'ePyeonhansesang Sacheon Sky Marina' is expected to be the only complex benefiting from rising housing prices due to company and industrial complex developments.

Constructed by DL Construction, 'ePyeonhansesang Sacheon Sky Marina' is an apartment complex located in Yonghyeon-myeon, Sacheon City, Gyeongnam Province, consisting of 9 buildings ranging from 2 basement floors to 29 floors above ground. It offers a total of 1,047 units, including 1,043 highly preferred 84㎡ units (2 types) and 4 rare 154㎡ penthouse units (1 type) within Sacheon City.

The complex is situated outside the height restriction zone within the Sacheon-eup area, allowing buildings up to 29 floors high. Being located in a rare seaside area, some units offer ocean views, and some also feature park views, making it a branded apartment by a major construction company.

The interior applies ePyeonhansesang's innovative C2 House design, providing differentiated spaces such as a large pantry at the entrance and an expanded balcony in the master bedroom. The complex plans various community spaces including a children's playground, a small library, a moms' caf?, and a fitness center. It is designed as a park-type complex with no parking spaces on the ground level and offers ample underground parking with 1.5 spaces per household.

Additionally, it will provide public daycare centers (planned) for young children and care centers (planned) for elementary school students. A school bus operated by Sanam Elementary School (planned to serve Sanam Elementary) will ensure safe commuting right in front of the complex, showcasing the features of a major construction company's branded apartment.

Scheduled for sale in September, the major construction company's branded apartment 'ePyeonhansesang Sacheon Sky Marina' will open a housing exhibition hall and begin sales.