The first presale project in Yeosu’s Soje District, the “Yeosu Soje Jungheung S-Class Umi Lin,” is drawing heavy traffic to its model home, boosting expectations for strong sales. The Soje District is a planned housing area intended to improve residential stability and living conditions for workers at the Yeosu National Industrial Complex.
Jungheung To-gun, part of Jungheung Construction Group, and Umi Construction said April 28 that about 12,000 people visited the model home after it opened April 24, over the following three-day weekend. The project is being supplied in Soho-dong, Yeosu, South Jeolla Province.
The model home was crowded even on its weekday opening day with visitors checking floor plans and design. It remained busy over the weekend with prospective buyers seeking subscription consultations and reviewing contract terms.
Visitors cited the project’s status as the Soje District’s first presale offering and a “reasonable” price set under Korea’s housing price cap system as key advantages.
The site’s potential sea views from some units also drew attention, reflecting expectations of an “ocean-view premium.”
The complex will include community facilities such as an indoor golf practice range, fitness center, climbing zone, small library, sea-view yoga zone and guesthouse. The developers also said features aimed at convenience, including donating a school bus, were viewed positively.
A sales official said, “As the first presale project in the Yeosu Soje District, it has symbolic value, and the price was set at a reasonable level compared with nearby market prices, which appears to have driven the turnout.” The official added, “Because subscriptions are open nationwide with no residency restrictions, inquiries are continuing not only from Yeosu but also from Gwangju, Suncheon and Gwangyang in the Jeonnam region, as well as from the Seoul metropolitan area.”
The development will be built on A3 and A4 blocks near 828 Soho-dong, with five basement levels and up to 25 stories above ground. It will comprise 21 buildings and 1,679 households. Units will be offered in 84, 109 and 135 square meters, centered on small and mid-sized homes with some larger options.
The subscription schedule begins with special supply on May 4 and May 6, followed by first-round applications on May 7 and second-round applications on May 8. Winners will be announced May 14 for the A3 block and May 15 for the A4 block. Standard contracts are scheduled for May 26-28.
Subscriptions are open nationwide with no residency restrictions. Financial incentives include interest-free interim payments covering 60% of the price, a 5% down payment, and a fixed first down payment of 10 million won. Move-in is planned for June 2029 for the A3 block and April 2029 for the A4 block.
* This article has been translated by AI.
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