Busan Eco Delta City Daesung Verhill 'Jupjup' Released

Despite challenging market conditions last April, ‘Eco Delta City Daesung Verhill’ recorded a subscription competition rate of up to 30.5 to 1 (exclusive area 84㎡ C type) and will begin non-designated subscription applications from the 2nd of next month.

[Eco Delta City Daesung Verhill Perspective, Source: DS General Construction Co., Ltd.]

Eco Delta City Daesung Verhill is located in Eco Delta City Joint Block 17, Gangseo-gu, Busan Metropolitan City. It consists of a large complex with 16 buildings, ranging from one basement floor to 21 floors above ground, totaling 1,120 households. The non-designated subscription will be held for three days from June 2nd (Friday) to June 4th (Sunday).

Unlike general sales, the non-designated subscription does not require a subscription savings account, and anyone aged 19 or older nationwide can apply regardless of their residence area, past winning status, or home ownership. This means that opportunities are available not only to residents of Busan, Ulsan, and Gyeongnam but also to anyone living anywhere in the country.

The complex is located in Busan, where there is growing optimism about a real estate market recovery, and its future value is expected. Moreover, as it is supplied under the ‘Daesung Verhill’ brand, fierce competition among subscription applicants is anticipated. Following the amendment of the Housing Act Enforcement Decree last April, the resale restriction period has been eased from the previous three years to one year, which is expected to increase investor interest.

In fact, in the first quarter of this year, both the permitted area and the construction start area in Busan increased simultaneously, and various buyer sentiment indices and transaction volumes have also shown an upward trend. Analysis suggests that the market is bottoming out, as more than half of the apartments traded in March and April were transactions with price increases compared to January and February.

A sales official said, “The non-designated subscription, also known as ‘Jupjup,’ conducted for some units that could not find owners due to document disqualification, is considered an attractive chance to secure a home,” adding, “The upcoming non-designated subscription for ‘Eco Delta City Daesung Verhill’ is expected to attract high interest as it offers an opportunity to enter an apartment with future value at a reasonable price.”

In fact, the average price per pyeong (3.3㎡) of Eco Delta City Daesung Verhill is set at 15.06 million KRW, which is considered competitively priced compared to nearby sales complexes. Compared to the average price per pyeong of Apartment A (16.58 million KRW) in Block 28 and Apartment B (15.99 million KRW) in Block 27, there is a difference of up to approximately 50 million KRW for a 33-pyeong (exclusive area 84㎡) unit.

The product quality befitting the ‘Daesung Verhill’ brand also draws attention. All units apply a 4 to 5-bay slab-type design, providing excellent lighting and ventilation. Various storage spaces (paid options) such as entrance storage (pantry), kitchen pantry, built-in wardrobes, and dressing rooms enhance space utilization.

The complex features various specialized landscaping designs. Water features such as the Water Sound Plaza, a children’s playground where kids can play freely, a lawn plaza, and a community plaza are created together, allowing residents to enjoy walking, resting, and leisure activities.

Diverse community facilities are also established. These include a fitness center & G·X room for residents’ health, a golf practice range, a daycare center for families with children, a small library, a sunken plaza as a resting space, and a laundry room (space provided) where large-capacity washing and drying can be done in one place.

Various systems are applied as well. Convenience systems such as unmanned parcel lockers, Internet of Things (IoT), a one-pass system that allows opening the main entrance door via smartphone, a vehicle location recognition system, and a parking guidance system to assist convenient parking are implemented. Multifunctional integrated control switches and 10-inch touchscreen wall pads are provided, enabling easy control of gas, lighting, and heating within the unit when going out, as well as elevator call functions.

Efforts have been made to create a safe complex environment through intrusion prevention systems and 2-megapixel CCTVs installed throughout the complex. Additionally, eco-friendly green systems such as solar power generation and rainwater recycling have been introduced, which are expected to reduce management fees.

Eco Delta City Daesung Verhill is currently operating a model house.