- Fixed sale price and priority right to purchase after rental period, with no tax burden and lower initial costs
- Premium living with proximity to industrial complexes and abundant lifestyle infrastructure
“Ulsan Ungchon Riverstate,” located in Gokcheon District, Ungchon-myeon, Ulju-gun, Ulsan, is scheduled to open in April. This large-scale apartment complex, consisting of a total of 1,990 households, is being developed as a 10-year private rental housing project, attracting attention by offering various premiums in terms of location and benefits.
Ulsan Ungchon Riverstate, situated in the Ungchongokcheon District area of Ungchon-myeon, Ulju-gun, Ulsan, is a large apartment complex with 1,990 households (planned), ranging from basement level 2 to a maximum of 29 floors above ground. Composed of small to medium-sized units of 59㎡ and 84㎡, this complex boasts excellent space utilization, making it highly preferred by both actual residents and investors.
As a private rental apartment, no subscription savings account is required, and anyone aged 19 or older can apply without any special subscription eligibility restrictions. Residents can live on rent for up to 10 years, with a guaranteed right to convert to ownership after 10 years.
Additionally, there are no tax burdens such as acquisition tax, property tax, or comprehensive income tax, and housing and urban fund loans can be utilized, reducing the financial burden. Another advantage is the fixed sale price, allowing residents to purchase the unit at the current market price after 10 years of residence.
The complex boasts a pleasant living environment with the Hoeya River flowing on the east side. Nearby lifestyle convenience facilities include Ungchon Sports Complex, Ungchon Administrative Welfare Center and Health Clinic, and Gokcheon Public Market, allowing residents to enjoy a relaxed and convenient daily life. The area is also home to Ungchon Elementary School, Ungchon Middle School, and Ulsan Beauty Arts High School, and offers excellent accessibility to the Okdong academy district, providing a favorable residential environment for children’s education. Notably, the Okdong academy district can be reached within 10 minutes by shuttle bus, enhancing educational conditions.
“Ulsan Ungchon Riverstate” offers the advantage of proximity to workplaces, making commuting fast and convenient. It is close to Yongdang General Industrial Complex, GW General Industrial Complex, Namchang Industrial Complex, and Petrochemical Complex. Ulsan and Ulju-gun plan to expand the Ungchon area as a preferred residential area for industrial complex workers through the Gokcheon District urban development project. This is expected to strengthen housing demand along with the expansion of the urban residential belt.
The complex is directly connected to the Ulsan-Hamyang Expressway via the Munsu IC and Ulju JC on the Donghae Expressway. With the full opening of National Route 7 between Ulsan and Busan, travel to Ulsan, Yangsan, and Busan is possible within approximately 30 minutes. Furthermore, the Ulsan-Woongsang-Nopo metropolitan railway, scheduled to open in 2029, will enhance convenience for public transportation users.
Above all, “Ulsan Ungchon Riverstate” is being developed within a large-scale urban development project aiming to accommodate over 3,300 households and approximately 8,000 residents in the Ulsan area. It is expected to contribute to the expansion of urban infrastructure, creation of a pleasant residential environment, and revitalization of the local economy.
Meanwhile, the promotional center for “Ulsan Ungchon Riverstate” is located near Samsan-dong, Nam-gu, Ulsan.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
