- Outstanding school district, academy zone, and large parks continue to attract strong residential demand
- Following a series of sell-outs, new sales are scheduled for February, drawing heightened attention
The Sinjeong-dong area in Nam-gu, known as the Gangnam of Ulsan, continues to attract intense demand for housing sales, drawing attention. As the phenomenon of owning a “smart single property” intensifies, it is analyzed that demand is steadily continuing in Sinjeong-dong, Ulsan’s most preferred residential area.
According to the Ulsan real estate industry, last year in Sinjeong-dong, new housing complexes such as 'Laels' sold out completely, followed by 'Munsuro Kumho Eoullim The First' and 'Munsuro Artis,' all of which were fully sold out. This contrasts with complexes supplied in the outskirts of Ulsan, which are still recording unsold units.
The industry evaluates that the strong sales momentum in Sinjeong-dong mirrors the ongoing sales fever in Seoul’s Gangnam area. In particular, Sinjeong-dong, together with the adjacent Ok-dong, forms Ulsan’s largest prestigious school district and boasts an excellent study environment supported by a large-scale academy district, leading to a steady influx of the main housing market demand group, the 30-40 age generation.
An industry insider stated, “In addition, the Sinjeong-dong area is well-equipped with various infrastructure facilities necessary for residential life, including large parks such as Ulsan Grand Park, Ulsan City Hall, Ulsan Hospital, and Lotte Department Store, making it a place with abundant demand wishing to enjoy these amenities.” He added, “Also, as the Ok-dong living area, which was considered a preferred residential area in Ulsan during the 1990s and early 2000s, has expanded, it is now recognized as essentially the same residential zone, leading to continued inflow of relocation demand seeking to move away from the aging Ok-dong area.”
The industry expects this concentration of demand for Sinjeong-dong to continue for some time. In addition to existing infrastructure, various development projects are accelerating, adding expectations for future value appreciation.
In fact, around Bongwol-ro near Sinjeong-dong, efforts are being intensified to form a new residential belt through the development of approximately 4,000 housing units. Furthermore, the development of Ulsan’s first urban railway Line 1 (planned) is also underway, with anticipated benefits from this project.
Amid this situation, Dongbu Construction announced in February the sale of 'Munsuro Centreville Edu-riche,' which is expected to once again attract strong interest from buyers.
Munsuro Centreville Edu-riche is a complex consisting of 4 buildings, ranging from 3 basement floors to 35 floors above ground, with a total of 368 units. It is the first 'Centreville' brand apartment to be supplied in Nam-gu, Ulsan. All units are composed of 84㎡ exclusive area, which is highly preferred by buyers.
The biggest feature of the complex is its location, which allows residents to fully enjoy the prestigious school district that Sinjeong-dong boasts. In particular, assignment to Sinjeong Elementary School, one of Ulsan’s representative prestigious elementary schools within walking distance, has been confirmed. Within a 1 km radius, there are also prestigious middle and high schools such as Hakseong Middle and High Schools, Ulsan Seoye Middle School, Ulsan Girls’ High School, and Sinjeong High School. Additionally, access to the largest academy districts in Ulsan, Ok-dong and Sinjeong-dong, is convenient.
Various residential infrastructures are also located nearby. Ulsan City Hall, Ulsan Hospital, Lotte Department Store, Homeplus, financial institutions, and Sinjeong Market are close by, and Ulsan Grand Park, Taehwa River National Garden, and Namsan Neighborhood Park are also adjacent.
Moreover, access to major Ulsan roads such as Bongwol-ro and Samsan-ro is easy, and the largest public transportation transfer hub in Ulsan, Gongyeoptap Rotary, is reachable within a 10-minute walk, promising a convenient transportation environment.
Meanwhile, Munsuro Centreville Edu-riche plans to create an education-specialized apartment by introducing a Mom-Kids specialized design that can further enhance excellent educational conditions, which is expected to increase interest among parents with school-age children. Key designs include a safe indoor pickup zone and Mom’s Station in the pilotis-type parking lot, as well as education-specialized community facilities such as a reading room, small library, and study rooms.
A sales official said, “In addition, the complex will feature differentiated high-quality community facilities such as an indoor golf practice range including screen golf, fitness center, GX room, and shared office.” He added, “Also, by applying a low building coverage ratio and wide distances between buildings up to 64 meters, we plan to maximize lighting, ventilation, and openness.”
The model house for Munsuro Centreville Edu-riche will be located in Dal-dong, Nam-gu, Ulsan Metropolitan City, and is scheduled to open in February.
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