- Domestic Registered Population Aged 65 and Over Surpasses 10 Million
- Southeast Regional Nuclear Medicine Hospital & Seoul National University Hospital Gijang Heavy Ion Therapy Center (Planned) Within Walking Distance
As the domestic elderly population surpasses 10 million, bringing the country on the brink of entering a super-aged society, the standards for homeownership in the housing market are also changing.
According to data released by the Ministry of the Interior and Safety on the 10th, the registered population aged 65 and over in Korea is 10,000,062, accounting for 19.51% of the total registered population (51,269,012). The World Bank classifies societies based on the proportion of the population aged 65 and over, who are eligible for social security: a population over 7% is considered an "aging society," over 14% an "aged society," and over 20% a "super-aged society." Korea is less than 0.5% away from reaching the 20% threshold for a super-aged society.
Accordingly, in addition to the traditionally popular locations favored for commuting convenience and educational conditions, there is a growing preference for locations near medical facilities that consider the lifestyle of the elderly population. Moreover, due to recent conflicts between the government and the medical community regarding healthcare reform, the importance of receiving prompt medical services has increased, further boosting demand for residential complexes near hospitals.
Especially in provincial areas, where the elderly population ratio is higher compared to the metropolitan area but medical facilities are lacking, residential complexes near large hospitals are valued even more highly.
In fact, according to the real estate big data company "Asil," the most expensive apartment in Yangsan City, Gyeongnam Province, is "Yangsan Mulgeum Daebang Nobleland 6th The Class," located less than a 5-minute drive from Yangsan Busan National University Hospital. Last month, a 116㎡ unit was traded for 760 million KRW. In comparison, the same size unit in "Trimage Yangsan 1 Complex," located about a 20-minute drive from the same hospital, was traded for 622.4 million KRW in May, making the former over 130 million KRW more expensive.
Therefore, it is advantageous to pay attention to complexes near large hospitals in the new housing market. One of the most notable projects recently is "Busan Janganjigu Dietre The Ocean," supplied by Daebang Construction in the Janganjigu area of Gijang-gun, Busan.
"Busan Janganjigu Dietre The Ocean" is located in the Janganjigu area of Gijang-gun, Busan, consisting of 6 buildings ranging from 2 basement floors to a maximum of 25 floors above ground, with a total of 507 households of 84㎡ and 110㎡ units.
This complex is within walking distance of the Southeast Regional Radiation Oncology Center, which possesses world-class cancer treatment technology, allowing convenient access. Furthermore, the Seoul National University Hospital Gijang Heavy Ion Therapy Center, the first heavy ion therapy center outside the metropolitan area and the second in Korea, equipped with the "dream cancer treatment machine" called the heavy ion accelerator, is scheduled to open in 2027, further improving medical conditions.
An industry insider said, "In provincial areas, medical conditions are often poor, and it is not uncommon for residents to have to travel long distances to Seoul or other metropolitan areas, leading some to say 'it’s better to live near a KTX station.' If the area not only has large medical facilities but also holds the unique competitiveness of being the 'only one outside the metropolitan area,' it is expected to be a highly preferred factor for households including elderly family members."
Moreover, the infrastructure beyond medical facilities is also well established. First, transportation conditions are excellent. It is conveniently accessible via the Donghae Line at Jwacheon Station. The Donghae Line, connecting Busan Bujeon Station and Ulsan Taehwagang Station, is the first metropolitan railway outside the metropolitan area, greatly enhancing transportation convenience between Busan and Ulsan and playing a key role in initiating the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) mega city.
In particular, the area around Jwacheon Station is expected to develop further with plans for a double station area due to the "Nopo-Jeonggwan Line (Phase 1) Project" currently undergoing a preliminary feasibility study. Additionally, according to the "Gijang-gun 2040 Long-term Development Plan," large-scale urban development, establishment of leisure facilities at Ilgwang Amusement Park, and maintenance of the Jwagwangcheon walking trail and waterfront promenade are planned, promising overwhelming living infrastructure.
The nearby Busan Power Semiconductor Materials and Components Specialized Complex development effect is also anticipated. This site will host Korea’s first 8-inch power semiconductor dedicated fab, with ongoing infrastructure expansion, research and development, and workforce training. The total investment is expected to be about 1.2 trillion KRW. Consequently, an influx of related population and regional economic revitalization are expected to drive housing price increases.
Additionally, the "Shinsegae Simon Busan Premium Outlet" is within walking distance, and kindergarten and elementary school sites are planned right in front of the complex. Prestigious Busan schools such as Jang-an Middle School, Jang-an Jeil High School, and Jang-an High School are also within walking distance, providing excellent educational conditions for children.
Reasonable sale prices and contract conditions are also notable. The sale price starts from the 400 million KRW range for 84㎡ units, which is considered reasonable despite rising raw material costs. Recently, temporary contract conditions have been changed to significantly reduce the burden on buyers. For example, a fixed contract deposit of 10 million KRW and full interest-free loans for interim payments are offered, meaning buyers only need to pay the deposit without additional financial burden until the final payment.
Furthermore, temporary benefits include free options worth about 24 million KRW (varying by unit type), free installation of living room floor-to-ceiling windows and glass railings, and unlimited resale rights (after April 2025). Additionally, a "Contract Condition Safety Guarantee System" applies retroactively to price discounts for customers who have already purchased units.
Meanwhile, the model house for "Busan Janganjigu Dietre The Ocean" is operating successfully in Maehak-ri, Jeonggwan-eup, Gijang-gun, and various gifts (changing weekly) are given on a first-come, first-served basis to customers who make advance reservations (subject to early closure).
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