- Abundant Upgrade and Waiting Demand, with Ongoing Concentration Among These Buyers
- Ok-dong and Sinjeong-dong in Ulsan Have a High Ratio of Aging Housing
Recently, in the real estate market, the 'Eoljuksin' trend?meaning "even if frozen to death, new construction"?has continued, sparking strong interest among buyers in new apartments. Newly built apartments, equipped with comfortable living environments and various community facilities, offer higher residential satisfaction compared to older apartments, leading to a noticeable concentration of demand.
This trend is especially evident in areas with a high proportion of aging housing, where there is abundant demand for upgrading and waiting buyers.
In fact, in Dongan-gu, Anyang-si, Gyeonggi Province, the 'Pyeongchon Xi Persnity' development sold out within a month of starting contracts. This complex, which reconstructs the New Town Mansion Samho Apartment district, is located in the center of Anyang where many old houses exist, and the high interest from buyers looking to upgrade contributed to its success.
Similarly, in the provinces, 'Seoshin The Sharp Vivaldi' in Jeonju-si, Jeonbuk Province, an area with a high ratio of aging housing, achieved a competition rate of 55.59 to 1 and successfully sold out in a short period.
An industry insider commented, "New apartments in areas with a high proportion of aging housing appear to be more popular as they align with people's tendency not to move far from their current living area and the strong preference for new apartments. Since new apartments are perceived to enhance quality of life and have higher price elasticity during housing price rebounds, this concentration of demand is expected to continue."
Meanwhile, attention is focused on Dongbu Construction's upcoming sale of 'Munsuro Centreville Edulice' in Ok-dong and Sinjeong-dong, Nam-gu, Ulsan Metropolitan City, areas with a high ratio of aging housing.
According to real estate data from R114, the Ok-dong and Sinjeong-dong areas in Nam-gu, Ulsan Metropolitan City, have about 87% of apartments aged over 10 years, indicating a high proportion of aging housing. Therefore, local residents have high expectations for the sale of 'Munsuro Centreville Edulice.'
Located in Sinjeong-dong, Nam-gu, Ulsan, Munsuro Centreville Edulice will be developed on a scale of 368 households across 4 buildings, ranging from 3 basement floors to 35 floors above ground. It is the first 'Centreville' brand apartment to be supplied in Nam-gu, Ulsan. All units will have a preferred exclusive area of 84㎡ favored by buyers.
The complex boasts excellent location advantages, particularly access to prestigious school districts in Ok-dong and Sinjeong-dong. It is within walking distance to Sinjeong Elementary School, a renowned elementary school, ensuring a safe commuting zone for children. Within a 1 km radius are prestigious middle and high schools such as Hakseong Middle and High School, 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.
Moreover, the complex offers excellent access to major roads such as Bongwol-ro and Samsan-ro, and the Gongyeongtap Rotary is just a 10-minute walk away, providing superior transportation conditions. Various convenience facilities including Ulsan City Hall, Ulsan Hospital, Lotte Department Store, and Homeplus, as well as green spaces like Ulsan Grand Park, Taehwagang National Garden, and Namsan Neighborhood Park, are nearby, allowing residents to enjoy both convenience and a pleasant living environment.
Meanwhile, Munsuro Centreville Edulice is planned as an education-specialized apartment with a Mom-Kids tailored design suited for the education special zone. Key features include a safe indoor pickup zone in the pilotis-type parking lot, a Mom Station, reading rooms, a small library, and study rooms.
A sales official stated, "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, "Furthermore, by applying a low building coverage ratio and a wide distance between buildings of up to 64 meters, we plan to maximize lighting, ventilation, and openness."
The model house for Munsuro Centreville Edulice will be located in Daldong, Nam-gu, Ulsan Metropolitan City, and is scheduled to open in February.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
