'Beonyeong-ro Seohan Idam Prestige' Opening on the 9th, Reducing Real Demand Burden in the High-Interest Era

60% Interim Payment, 5% Fixed Interest Rate, Free Balcony Expansion, Options Provided

As the benchmark interest rate soars rapidly, loan interest rates are naturally showing a sharp upward trend. The U.S. benchmark interest rate has recently taken four consecutive 'Giant Steps' (raising by 0.75 percentage points at once). Consequently, the outlook is dominant that South Korea's benchmark interest rate will rise again, and similarly, loan interest rates are expected to increase further, potentially exceeding 8% within the year. In this market situation, housing complexes offering benefits on interim payment loans are attracting attention. Generally, interim payments are set at around 50-60% of the sale price.

Real estate experts also say, "Since inflation and sale prices continue to rise, if the complex offers good conditions such as interim payment interest benefits in a prime location representing the area, it is worth paying attention to now," adding, "It is common for prices to return to their original levels once interest rates and economic conditions stabilize."

In Ulsan, the ‘Beonyeong-ro Seohan Idaeum Prestige’, which will be offered on the 9th, boasts a 60% interim payment with deferred interest and a fixed interest rate of 5%. Moreover, it reduces the burden of home ownership by providing free balcony expansion costs and high-quality basic options.

‘Beonyeong-ro Seohan Idaeum Prestige’ consists of 109 units in three buildings ranging from basement level 2 to ground level 10, with exclusive areas of 82 and 84 square meters, located in the Boksan-dong area of Jung-gu. The complex is designed as a pleasant, car-free area featuring a wildflower garden, lawn yard, and forest bathing rest area on the ground. On the first floor of each line, a high-end lobby will be created to serve as a resting space for residents and a waiting area for visitors. Scheduled for move-in in March 2024, it offers the advantage of quick occupancy after signing the sales contract.

‘Beonyeong-ro Seohan Idaeum Prestige’ provides easy access anywhere in and out of the city through Beonyeong-ro, Hwaha-ro, and Bukbu Sunhwan Road, quickly connecting to Nam-gu, Buk-gu, and Ulsan IC. Within 1 km, there are 14 schools clustered, and the nearby Boksan Intersection academy district adds value beyond just being central.

Additionally, the convenience of life brought by the Homeplus in front of the complex is the biggest advantage, with Jung-gu Office, Administrative Welfare Center, financial institutions, and medical facilities gathered nearby. Furthermore, local representative infrastructures such as Jung-gu Cultural Center, Ulsan Museum of Art, Ulsan Culture Street, Ulsan Sports Complex, and Dongcheon National Sports Center are well established, making it highly likely to transform into more than just a residential center.

The subscription schedule starts with special supply on Monday, December 12, followed by first priority on Tuesday, December 13, and second priority on Wednesday, December 14. The announcement of winners will be on Wednesday, December 21. The model house will open on Friday, the 9th.