The real estate markets in regions with significant development projects and corporate investments are experiencing rising transactions and record prices.
According to Real Today, Ulsan is seeing increased optimism as SK Group and Amazon Web Services plan to invest approximately 7 trillion won to build the country’s largest AI-exclusive data center, with a capacity of 103 megawatts.
Data from the Ministry of Land, Infrastructure and Transport's real transaction disclosure system shows that an 84-square-meter unit at 'Munsuro I-Park 2nd Complex' in Ulsan's Nam-gu sold for 1.165 billion won in April. This marks a 265 million won increase from the 900 million won it sold for last year.
In Busan, the second phase of the North Port redevelopment project, with a total cost of 4.4 trillion won, is drawing attention. An 84-square-meter unit at 'The Beach Prugio Summit' in Daeyeon-dong, Nam-gu, sold for 1.585 billion won in July, setting a new record. This is an increase of 255 million won compared to the 1.33 billion won it sold for during the same period last year.
Meanwhile, Doosan Construction is currently selling units at 'Doosan We’ve the Zenith Daeyeon' in Daeyeon-dong, Busan. The complex will consist of two buildings with a total of 258 units, ranging from 59 to 84 square meters, with 176 units available for general sale.
As the regional real estate market becomes increasingly polarized, areas with major development projects and job creation prospects are showing stronger price resilience and demand absorption.
* This article has been translated by AI.
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