Kumho Construction Launches Sales for ‘Munsuro Kumho Eoullim The First’

Kumho Construction announced on the 12th that it will open the model house for ‘Munsuro Kumho Eoullim The First,’ supplied in the Sinjeong-dong area of Nam-gu, Ulsan Metropolitan City, on the 15th and will begin full-scale sales.

Munsuro Kumho Eoullim The First Perspective. [Image provided by Kumho Construction]

‘Munsuro Kumho Eoullim The First’ is being developed on lot 1154-7 in Sinjeong-dong, Nam-gu, Ulsan, consisting of 4 buildings ranging from 3 basement floors to 37 above-ground floors, with a total of 402 households of exclusive 84㎡ A, B, and C types. By type, there are ▲140 units of 84㎡A ▲128 units of 84㎡B ▲134 units of 84㎡C.

The complex is located near Bongwol Intersection, allowing quick access to anywhere in Ulsan city and outskirts via Gongyeoptap Rotary, where Bongwol-ro, Samsan-ro, and Suam-ro meet. It is also convenient to reach various industrial complexes such as Hyundai Motor and Hyundai Heavy Industries.

It also offers a strong educational environment. Within 1 km from the complex are prestigious schools in Ulsan, including Ulsan Jungang Elementary, Sinjeong Elementary, Wolpyeong Middle, Hakseong Middle, Ulsan Technical High, Ulsan Seo Girls’ Middle, Ulsan Girls’ High, Hakseong High, Sinjeong High, and Ulsan Girls’ High. Additionally, the area around Munsuro is close to a cluster of well-known private academies.

Lotte Mart, Homeplus, Lotte Department Store, Hyundai Department Store, and large hospitals are all reachable within 10 minutes by car. Public offices such as Ulsan Metropolitan City Hall, Ulsan Nam-gu Office, Ulsan District Court, Ulsan Southern Police Station, and Administrative Welfare Center are located around the complex.

According to the sales industry, there are abundant development benefits near the complex. The Ulsan Urban Railway (Tram) Line 1 (Sinbok Rotary to Taehwagang Station), scheduled to open in 2029, will have a station near Gongyeoptap Rotary, close to the complex. Sinbok Rotary of the Ulsan Tram will connect to the starting point of the ‘Busan-Yangsan-Ulsan Metropolitan Railway’ project and also link with the Donghae Line metropolitan railway running between Busan Bujeon Station and Ulsan Taehwagang Station.

‘Munsuro Kumho Eoullim The First’ offers reasonable prices and various financial benefits. The sale price is set at a reasonable level compared to surrounding market prices, ranging from 670 million KRW to 760 million KRW. Various financial benefits are provided to reduce the buyer’s financial burden, including a fixed first deposit of 15 million KRW, the possibility of a loan for the second deposit, and support of 15 million KRW in interest for interim payments.

The sales schedule starts with the opening of the model house on the 15th, followed by special supply on the 18th, first priority subscription on the 19th, and second priority subscription on the 20th. Move-in is scheduled for December 2025.