"Now Is the Optimal Time for Sales in Ulsan"... "Hanwha Forena Ulsan Mugeo" to Launch Sales in Early September

- Ulsan Sees Upturn in Both Sales Index and Transaction Volume
- Strong Interest in New Large-Scale Developments with High Scarcity Value

The Ulsan real estate market, which had been experiencing a prolonged slump, is now showing signs of a significant shift. While regional real estate markets across the country are still in a downturn, Ulsan alone is exhibiting an upward trend among non-metropolitan areas. As a result, both investment and end-user demand are closely monitoring the timing for purchases, according to industry analysis.

In line with this trend, the "Hanwha Forena Ulsan Mugeo" project, supplied by Hanwha Construction Division, is drawing attention as it prepares for its sales launch in early September. As various indicators such as the Ulsan apartment sales index and real estate transaction volumes continue to rise, the company appears to be adjusting its sales schedule to select the optimal timing for the launch.

[Hanwha Forena Ulsan Mugeo Bird's-eye View (Source: Hanwha Construction Division)]

According to the Korea Real Estate Board on September 1, as of August 25 this year, the cumulative change rate in Ulsan apartment sales prices stood at 0.27%, marking a turnaround from last year's decline to an upward trend. This contrasts sharply with other metropolitan cities, where housing prices continue to fall. During the same period, Daegu recorded -3.18%, followed by Gwangju at -1.83%, Daejeon at -1.74%, and Busan at -1.43%, indicating that all other metropolitan cities except Ulsan remain in a slump.

As a result, apartment transaction volumes have also increased. According to the Ministry of Land, Infrastructure, and Transport, the number of apartment sales in Ulsan during the first half of this year was 8,543, representing a 19.6% increase compared to the same period last year (6,869 transactions), demonstrating active trading.

A representative from the sales team explained, "Recently, the Ulsan real estate market has been recovering rapidly due to a decrease in supply and a series of favorable development factors. In particular, new large-scale complexes with strong product appeal and prime locations are becoming increasingly rare, so we expect interest in subscriptions among end-users to be higher than ever."