Provincial Apartments Enjoying Balloon Effect Popularity... Focus on ‘ePyeonhansesang Miryang Nanovalley’

Recently, due to the government's real estate measures, interest that had been concentrated in the Seoul metropolitan area and major cities has shifted to nearby small and medium-sized cities as a result of regulations.

According to the Korea Real Estate Board, as of the third week of November, the apartment sales price index change rate in provincial areas rose by 0.32%, recording a higher figure compared to the Seoul metropolitan area (0.18%). This is also higher than the national average (0.18%). Among these, the Gyeongnam region saw a 0.34% increase compared to the previous week, marking the highest growth rate among the eight provinces.

In fact, housing prices in cities such as Changwon and Yangsan in Gyeongnam have surged significantly, influencing nearby cities as well. Changwon Centum Prugio saw a premium of 150 million KRW compared to three months ago, and the newly built apartment complex ‘Yongji The Sharp Lake Park’ had a transaction of an 84㎡ unit for 950 million KRW on the 24th of last month. Due to soaring housing prices, demand is shifting to nearby small and medium-sized cities.

As a result, expectations are rising for apartments in small and medium-sized cities in Gyeongnam, which are expected to benefit greatly from the balloon effect caused by the housing price surge. Furthermore, with Busan designated as a regulated area on the 20th, it is anticipated that demand seeking to avoid regulations will also be absorbed. In particular, Miryang is gaining popularity among investors due to major developments such as the establishment of the ‘Nano Convergence National Industrial Complex’.

A real estate official stated, “Due to government regulations and the surge in housing prices in nearby areas, contracts from investment demand are steadily emerging in complexes within Miryang, a nearby small city.” He added, “With the influx of people and overlapping development benefits, the value of real estate in Miryang is expected to rise further.”

Meanwhile, Daelim Industrial has introduced ‘e-Pyeonhansesang Miryang Nano Valley’ in Miryang, where expectations are high, attracting continuous inquiries from buyers.

The complex is being built in Miryang, where a nano convergence technology-centered industrial complex covering approximately 1.65 million square meters is under development. Upon completion, about 100 related companies are expected to move in, creating approximately 8,000 jobs and generating an economic ripple effect estimated at 1.02 trillion KRW. Additionally, Samyang Foods recently confirmed a 200 billion KRW expansion of a new factory in the Miryang industrial complex, and the ‘Gyeongnam Smart Farm Innovation Valley’ promoted by the Ministry of Agriculture, Forestry and Fisheries is scheduled for completion in the first half of 2022, indicating Miryang’s vast growth potential.

Moreover, Miryang city is not included in the government’s designated regulated areas, making it relatively free from real estate regulations. Loan restrictions are lighter, and resale after contract is possible, allowing for potential capital gains. Therefore, now appears to be an optimal time for buyers who wish to reside in Miryang to purchase their own homes.

‘e-Pyeonhansesang Miryang Nano Valley’ is expected to directly benefit from these advantages. The complex will be located at 133 Nae-dong, Miryang-si, Gyeongsangnam-do, consisting of four buildings ranging from one basement floor to 29 floors above ground, with a total of 560 units. The exclusive area ranges from 66 to 110㎡, offering a variety of unit sizes to broaden buyers’ choices.

The complex is surrounded by abundant greenery, including the nearby Jedaecheon Stream and walking trails, providing a pleasant residential environment. For drivers, access to Miryang-daero, Miryang IC, and the Daegu-Busan Expressway is convenient via Changmil-ro adjacent to the complex. Major public offices such as Changwon District Court, Changwon District Prosecutor’s Office, and Miryang City Hall, as well as large commercial facilities like Homeplus and cinemas, are easily accessible.

Educational facilities are concentrated nearby, including Bubuk Elementary School located to the north of the complex, as well as Milseong Elementary, Middle, and High Schools. A shuttle bus operated by the complex facilitates commuting to and from school. In accordance with the Infant Care Act, which mandates the installation of public daycare centers in apartment complexes with over 500 units since last year, a daycare center will also be established within the complex.

Notably, ‘e-Pyeonhansesang Miryang Nano Valley’ will feature Daelim Industrial’s specialized design to maximize residents’ convenience. First, the innovative residential layout ‘C2 House’ will be applied. The C2 House is a highly flexible layout with only minimal load-bearing walls remaining, allowing residents to freely modify the space according to their lifestyle and preferences.

The complex will also implement the fine dust blocking system ‘Smart Clean & Care Solution.’ This air purification ventilation system, equipped with an H13-grade HEPA filter capable of removing up to 99.95% of ultrafine dust particles larger than 0.3㎛, will help maintain clean air quality inside units and in community facilities used by residents.

Meanwhile, the e-Pyeonhansesang Miryang Nano Valley housing exhibition hall is located at 1175-5 Nae-dong, Miryang-si, Gyeongsangnam-do, with move-in scheduled for November 2022.

This content was produced with the assistance of AI translation services.