- Ulsan Real Estate Market Stabilizes and Rebounds, Raising Expectations
- ‘Munsuro Geumho Eoullim The First’ Offers Affordable Prices, Financial Benefits, and Comprehensive Living Infrastructure
The volume of apartment transactions in provincial areas has turned upward, and with consumer sentiment also increasing, the provincial real estate market is showing signs of vitality after a long time. Accordingly, the provincial pre-sale market, which had been struggling, seems to be reviving as well.
The Ulsan real estate market, which experienced a downturn, is also showing recovery signals. According to data from the Korea Housing Institute, the consumer sentiment index for the housing sales market was 80.7 in December last year, rose to 90.8 in January this year, and surged by 14.4 points to 105.2 in February. Although it slightly declined to 104.2 points in March, it increased again to 109.5 in April, 113.4 in May, and 117.4 in June, showing an upward trend.
Based on these results, expectations are rising as the Ulsan real estate market appears to be bottoming out and rebounding. With recent increases in apartment transaction volumes and rising sale prices, there is growing interest in whether this positive momentum will also impact the new pre-sale market.
An authorized real estate agent in Ulsan said, “The current Ulsan real estate market is still driven mainly by actual demand,” adding, “Actual buyers are flocking to complexes that meet conditions such as reasonable pre-sale prices, financial benefits, and locations with established school districts and infrastructure.”
‘Munsuro Kumho Eoullim The First’ is an attractive complex for actual buyers and plans to open its model house on the 15th (Friday) to begin full-scale pre-sales. The complex is located in the Sinjeong living zone of Nam-gu, Ulsan, offering access to living infrastructure such as transportation, education, culture, and nature. It will provide reasonable pre-sale prices compared to surrounding apartments and various financial benefits including support for interim payment interest. The complex will consist of a total of 402 units in exclusive areas of 84㎡ types A, B, and C.
The pre-sale prices are set reasonably from the 670 million KRW range to 760 million KRW range compared to surrounding market prices. Various financial benefits are offered to reduce the financial burden on contract holders, including a first deposit of 15 million KRW, the possibility of loans for the second deposit, and 15 million KRW support for interim payment interest.
The educational environment is excellent, attracting high interest from parents with children. Prestigious school districts within 1 km of the complex include Ulsan Jungang Elementary, Sinjeong Elementary, Wolpyeong Middle, Hakseong Middle, Ulsan Technical High, Ulsan Seo-yeo 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.
The transportation environment is expected to improve further with the addition of an urban railway alongside existing roads. Following the approval of the feasibility re-investigation for the city’s long-awaited urban railway (tram) Line 1 construction project, Ulsan will have access to its only urban railway. Moreover, the Gongyeoptap Rotary, where Bongwol-ro, Samsan-ro, and Suam-ro intersect, allows for quick travel anywhere within and outside Ulsan city.
Various living infrastructures are located near the complex. Facilities such as Lotte Mart, Homeplus, large hospitals, Ulsan Metropolitan City Hall, and Nam-gu Office are well established. Ulsan Grand Park is within walking distance, and Namsan Neighborhood Park and Taehwa River are also nearby, offering a pleasant residential environment.
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