- Large-Scale Private Rental Apartment Complex with 2,000 Units Equipped with Transportation, Living, and Educational Infrastructure
- Open Application Without Subscription Savings Account, Up to 10 Years of Stable Residency with Option for Fixed-Price Ownership Conversion
The large-scale private rental apartment complex "Ulsan Hoiyagang River State," located in the Ungchon Gokcheon district of Ulju-gun, Ulsan, has officially begun recruiting tenants.
This complex will be developed as a large-scale community with a total of 1,990 units (planned), ranging from 59㎡ to 84㎡ in exclusive area, in buildings from two basement levels up to 29 floors above ground. Anyone aged 19 or older can apply without a subscription savings account. The apartments are offered as "long-term general private rental housing," allowing residents to live stably on a jeonse lease for up to 10 years and later convert to ownership. A key feature is that buyers can plan to own their home at a fixed sale price, free from concerns about price fluctuations.
During the rental period, tenants are exempt from acquisition tax, property holding tax, and capital gains tax. In addition, subscription to jeonse deposit guarantee insurance from the Korea Housing & Urban Guarantee Corporation (HUG) is mandatory, providing a safeguard for tenants' assets. The significantly reduced initial costs are drawing strong interest from genuine home seekers.
The location offers excellent conditions. The Hoiyagang River is close to the east of the complex, providing outstanding views. Residents will also enjoy convenient and comfortable living with nearby facilities such as Ungchon Sports Complex, Ungchon Administrative Welfare Center and Health Branch, Gokcheon Public Market, and Donggang Hospital. The educational environment is also excellent, with Ungchon Elementary School, Ungchon Middle School, and Ulsan Beauty Arts High School all within walking distance. Ulsan's well-known Okdong academy district can be reached in under 10 minutes by shuttle bus, making it advantageous for families with children.
"Ulsan Hoiyagang River State" also offers the benefit of close proximity between home and workplace. The complex is near Yongdang General Industrial Complex, GW General Industrial Complex, Namchang Industrial Complex, and the Petrochemical Complex. Ulsan City and Ulju-gun plan to expand the Ungchon area as a preferred residential location for industrial complex workers through the Gokcheon District Urban Development Project. This is expected to further solidify housing demand and expand the city's residential belt.
The area is also well-connected in terms of transportation. Through the Donghae Expressway's Munsu IC and Ulju JC, there is direct access to the Ulsan-Hamyang Expressway. The Ulsan-Busan section of National Road No. 7 is fully open, allowing travel to Ulsan, Yangsan, and Busan in about 30 minutes. Furthermore, the planned Busan-Yangsan-Ulsan metropolitan railway, scheduled to open in 2029, is expected to further enhance public transportation convenience.
In particular, "Ulsan Hoiyagang River State" is being developed within a large-scale urban development project that aims to accommodate approximately 3,300 households and about 8,000 residents in Ulsan. It is expected to make a significant contribution to the expansion of urban infrastructure, the creation of a pleasant residential environment, and the revitalization of the local economy.
A representative of Ulsan Hoiyagang River State stated, "There is very high interest, as the site combines natural surroundings, living infrastructure, and favorable conditions for education and transportation, all tailored to the needs of real home seekers. We also plan to hold prize events every Saturday in May, so we encourage you to visit and experience the atmosphere firsthand."
Meanwhile, the promotional center for "Ulsan Hoiyagang River State" is located near Samsan-dong, Nam-gu, Ulsan.
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