HDC Hyundai Development Launches Taehwa River Central I-Park in Ulsan
HDC Hyundai Development is set to launch the Taehwa River Central I-Park in the Banggu-dong area of Jung-gu, Ulsan, with designated contracts for units starting from the 22nd of this month on a first-come, first-served basis.
The project, implemented by Korea Asset Trust and constructed by HDC Hyundai Development, will feature a total of 704 apartments with a dedicated area of 84 square meters, spanning from two basement floors to 28 above-ground floors across six buildings. Notably, the apartments are designed with a single layout of 84 square meters, often referred to as the national standard size due to its high residential preference.
Currently, Taehwa River Central I-Park is offering various benefits for contract signers. A fixed initial deposit of 10 million won reduces the upfront financial burden, and a 60% interest-free payment option for mid-term payments is also available. Additionally, the apartments offer a safety guarantee for resale, allowing buyers to transfer their sale rights before making the first mid-term payment, which is an attractive feature.
The proven residential value of the development also captures attention. In the first and second priority subscription held last December, there were 2,138 applicants for 555 available units (excluding special supply), resulting in an impressive average competition ratio of 3.85 to 1, indicating strong market interest.
Located near the Taehwa River and Dongcheon River, Taehwa River Central I-Park offers potential double river view premium benefits, with some units providing views of both rivers. Apartments with river views are highly sought after, as they tend to appreciate at a faster rate compared to others due to their scarcity.
In addition, walking paths along the Taehwa and Dongcheon rivers enhance the natural living environment, with reed fields and sports parks nearby, allowing residents to enjoy a serene, nature-friendly atmosphere. Furthermore, the complex is situated in a region with well-established commercial areas and essential living infrastructure, making it a desirable location in Ulsan.
The project, implemented by Korea Asset Trust and constructed by HDC Hyundai Development, will feature a total of 704 apartments with a dedicated area of 84 square meters, spanning from two basement floors to 28 above-ground floors across six buildings. Notably, the apartments are designed with a single layout of 84 square meters, often referred to as the national standard size due to its high residential preference.
Currently, Taehwa River Central I-Park is offering various benefits for contract signers. A fixed initial deposit of 10 million won reduces the upfront financial burden, and a 60% interest-free payment option for mid-term payments is also available. Additionally, the apartments offer a safety guarantee for resale, allowing buyers to transfer their sale rights before making the first mid-term payment, which is an attractive feature.
The proven residential value of the development also captures attention. In the first and second priority subscription held last December, there were 2,138 applicants for 555 available units (excluding special supply), resulting in an impressive average competition ratio of 3.85 to 1, indicating strong market interest.
Located near the Taehwa River and Dongcheon River, Taehwa River Central I-Park offers potential double river view premium benefits, with some units providing views of both rivers. Apartments with river views are highly sought after, as they tend to appreciate at a faster rate compared to others due to their scarcity.
In addition, walking paths along the Taehwa and Dongcheon rivers enhance the natural living environment, with reed fields and sports parks nearby, allowing residents to enjoy a serene, nature-friendly atmosphere. Furthermore, the complex is situated in a region with well-established commercial areas and essential living infrastructure, making it a desirable location in Ulsan.
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