Having started occupancy last year and established itself as a new landmark in Ulsan, the large-scale apartment complex ‘Beonyeong-ro Centridge’ has recently attracted attention by supplying private rental apartments with the city’s first-ever sales reservation benefits. This is especially notable amid rising concerns in the housing market due to steep price increases and rental scams, as the rental deposit is safely guaranteed by HUG during the mandatory rental period, alleviating housing insecurity.
The private rental units of ‘Beonyeong-ro Centridge’ consist of a total of 136 households, each measuring 39㎡ (formerly 17 pyeong), with various sales reservation benefits applied. The most important aspect, the price, is particularly stable. The confirmed sale price is set at the level from four years ago, allowing conversion to ownership after 10 years, thereby reducing worries about price increases. Thus, the conversion price in 2034 is pre-determined to eliminate future uncertainties and enable stable living. The rental deposit and the down payment for the sales reservation (at contract signing) and interim payments are paid until the end of the rental period, and the remaining balance of the sales reservation is paid upon conversion in 2034 to finalize the ownership transfer.
Unlike jeonse-type products, there is no rent increase for 10 years, and residents can live as if in their own home without worrying about taxes. Furthermore, with the consent of the rental business operator, tenants can be changed, allowing subleasing and resale in areas densely populated with public institutions, enhancing its distinctiveness as a new investment alternative amid soaring sale prices.
‘Beonyeong-ro Centridge’ was highly popular even at the time of sale, boasting a large-scale complex of 2,625 households. It is a representative large-scale brand apartment in Ulsan, constructed by Hyundai Engineering, Lotte Construction, Hyosung Heavy Industries, and Jinheung Enterprise, all of whom have expertise in housing projects.
Transportation accessibility is also excellent. It is convenient to travel throughout Ulsan via the nearby Bukbu Sunhwan Road, Beonyeong-ro, and Myeongnyun-ro, and the adjacent transfer stations for Tram Lines 2 and 4 are expected to bring additional benefits. Moreover, residents can easily enjoy a ‘healing life’ through Seodeokchul Park, which surrounds the complex and spans approximately 23,000㎡ (according to Ulsan Metropolitan City announcement). It is also a forest-adjacent apartment with convenient access to Taehwa River National Garden and Sipri Bamboo Grove.
Additionally, various living infrastructures such as Jung-gu Culture Street, traditional markets, and Homeplus are located about 1 km away, and Boksan Elementary School is surrounded by the complex, ensuring a safe and convenient commute for elementary school children. Another major advantage is the availability of popular large-scale apartment community facilities such as a fitness center, small library, reading room, and screen golf.
An official from the sales industry stated, “Private rental apartments that apply a confirmed sale price from four years ago and allow conversion to ownership after 10 years are rare,” adding, “Especially, the ability to enjoy the infrastructure and community of a large-scale apartment complex is a significant merit.”
Applications for tenant recruitment for the private rental units of ‘Beonyeong-ro Centridge’ are currently underway from 5/20 (Mon) to 6/4 (Tue). Detailed consultations are available at the sales office operating on-site at Beonyeong-ro Centridge. Visitors can also check the model units of the respective types during their visit.
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