Yangsan Sasong New Town Enjoys Balloon Effect from Regulatory Zone Designation, Attracting Buyer Interest with Reasonable Sale Prices!

- Sasong New Town attracts attention with reasonable sale prices through public land sales... steady expectations for price increase
- As regulations continue in nearby metropolitan cities like Busan and Ulsan, Yangsan's balloon effect raises expectations in the local real estate market

Recently, demand has been gathering for complexes subject to the price ceiling system for sale in public housing sites. This is because not only is it possible to purchase a home at a reasonable price, but residents can also enjoy an excellent living environment with outstanding infrastructure.

As proof of this, Sasong The Sharp Desiang Phase 1, which was sold in 2019 within the public housing site of Sasong New Town in Yangsan-si, Gyeongnam, applied the price ceiling system at the time and was offered at a reasonable price, achieving a 100% contract rate in a short period. Currently, a premium worth hundreds of millions of won compared to the sale price has formed, attracting attention not only from Yangsan-si but also from buyers in the nearby Busan area.

In fact, Yangsan-si is enjoying a balloon effect due to nearby regulated areas. From December, when the previous real estate measures began, until March, the average sale price per 3.3㎡ in Yangsan-si rose by 2.7%, the highest increase in the Gyeongnam region. Additionally, ‘Yangsan Mulgeum Daebang Nobland 6th The Class,’ located in Mulgeum-eup, was actually traded at 695 million KRW for an 84㎡ unit in January 2021, which is nearly 300 million KRW higher than the 400 million KRW transaction in November 2020, just before the regulation.

As the real estate market atmosphere in Yangsan-si enters a boom, combined with the benefits of the price ceiling system and the advantages of being a non-regulated area, interest from buyers is also gathering for Sasong The Sharp Desiang Phase 3, driven by the learning effect of local buyers who have witnessed the price increase case of Phase 1.

‘Sasong The Sharp Desiang Phase 3’ is a complex located in Sasong New Town, Yangsan, Gyeongnam. It is the first complex to be sold in Sasong New Town this year and the last supply complex of Sasong The Sharp Desiang. The complex consists of 9 buildings from 4 basement floors to 18 above-ground floors, with a total of 533 households. Notably, it will be supplied with a single area type of 84㎡, preferred by actual buyers, and will be offered in 4 different layouts. As the final supply complex completing the 4,329-household brand town of Sasong The Sharp Desiang, it is expected to receive strong interest from local buyers.

‘Sasong The Sharp Desiang Phase 3’ boasts excellent location conditions. Within the complex, a national/public daycare center (planned) will be established, and adjacent sites are planned for kindergarten, elementary, and middle schools, providing a prime location for families with children. Additionally, it is close to abundant green spaces such as Gunji Mountain and Geumjeong Mountain, and a waterside park centered around Dabangcheon Stream is planned, allowing residents to conveniently enjoy a pleasant living environment nearby.

Moreover, commercial facilities including the central commercial district and complex community facilities are also under development, which is expected to enhance convenience for the residents of ‘Sasong The Sharp Desiang Phase 3.’

A sales official stated, “’Sasong The Sharp Desiang Phase 3’ will be supplied at a reasonable price compared to nearby market prices due to the application of the price ceiling system, and inquiries have been ongoing even before the official sale.” He added, “Although there is a three-year resale restriction on this complex, the price increase trend of complexes previously sold in Sasong New Town has been steep, and since Yangsan-si is benefiting from the balloon effect, expectations for premium formation are high, so concerns about the resale restriction are relatively low.”

Meanwhile, the model house for Sasong The Sharp Desiang Phase 3 is scheduled to open at the end of April, and before the official opening, promotional centers will be operated in two locations: Busan and Yangsan. The Busan promotional center is located in Geumjeong-gu, Busan, and the Yangsan promotional center is located in Yangsan-si.

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