Spacious 'Ocean View' Apartment 'Ssangyong The Platinum Yeosu 35' Scheduled for New Sale

An apartment with a view of the Yeosu sea, ‘Ssangyong The Platinum Yeosu 35,’ is scheduled to be unveiled to the general public in October. It is regarded as an excellent location to secure a premium ocean-view apartment in the Yeosu sales market, where new apartment supply has been limited.

In fact, apartments located with sea views are traded at a premium known as the ‘ocean view premium.’ According to the Ministry of Land, Infrastructure and Transport’s actual transaction price data, the ‘Samcheonpo Yemiji (moved in December 2019)’ in Sacheon, Gyeongnam, which offers a view of the South Sea, changed hands for 380 million KRW in February this year for a 103㎡ unit. Additionally, the ‘Sokcho Cheongho I-Park,’ which offers a sea view, set a new record price of 725 million KRW in April this year for an 84㎡ unit.

Amid this, attention is focused on the upcoming full-scale sale of the ocean-view complex ‘Ssangyong The Platinum Yeosu 35.’ ‘Ssangyong The Platinum Yeosu 35’ is located in the Hakdong area of Yeosu City and consists of two buildings with 5 basement floors and 35 above-ground floors, comprising four types of 84㎡ units and 179㎡ penthouses, totaling 244 households.

The complex is an ‘ocean view’ complex with a view of the Yeosu sea right in front (excluding some units). It is the tallest complex in Yeosu City with 35 floors, and since there are no high-rise buildings in front of the project site, many units can enjoy a beautiful sea view. It is composed of only 244 households, with the top floors consisting of penthouses.

Furthermore, it is a region with a shortage of new supply, making it highly scarce. Especially recently, the Yeosu Juklim 1 District land development project has faced difficulties, and housing supply schedules within the Yeosu area have been repeatedly disrupted, so a ripple effect is expected.

Yeosu has been a representative area where apartment supply was not smooth for some time due to being designated as a regulated area. According to Real Estate 114 Labs, Yeosu City’s supply volume was 282 households in 2021 and only 356 households this year. Apartments expected to move in around 2023?2024, which were sold last year and this year, are likely to gain a premium due to the rarity of new apartments.

Moreover, in the recent uncertain real estate market, there are no planned new supply volumes within the region. With news that prices will continue to rise due to increases in raw material costs, actual buyers may feel increased anxiety, highlighting the rarity value of ‘Ssangyong The Platinum Yeosu 35,’ the last sales complex in Yeosu this year.

‘Ssangyong The Platinum Yeosu 35’ is located within walking distance of major government offices such as Yeosu City Hall, the court, and the community center, making it an administrative hub. Nearby are Ssangbong Elementary School, Yeosu Ungcheon Middle School, Yeocheon High School, and a cluster of academies, providing excellent school districts. It is also adjacent to Turtle Ship Park, enhancing residential comfort.

Buyers can also enjoy the ‘Platinum’ brand premium constructed by Ssangyong Construction, which boasts the number one overseas high-end construction record. Ssangyong Construction plans to present ‘Ssangyong The Platinum Yeosu 35’ with differentiated design and architecture based on its accumulated global construction technology.

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