IPARK Hyundai Development Company to Open 'Gimhae Sinmun Central IPARK' Model Home on the 26th [Real Estate AtoZ]

Large-Scale Complex with 1,379 Units

IPARK Hyundai Development Company announced on the 23rd that it will open the model home for 'Gimhae Sinmun Central IPARK', which is being developed in Block A34-1 of Jangyu Sinmun District, Gimhae, Gyeongsangnam-do, on the 26th and begin sales.

'Gimhae Sinmun Central IPARK' will consist of 13 buildings ranging from 2 basement levels to up to 25 floors above ground, totaling 1,379 units, with exclusive areas of 84 to 128 square meters. The number of units by size is as follows: 916 units of 84㎡A, 224 units of 84㎡B, 191 units of 113㎡, and 48 units of 128㎡.

The subscription schedule begins with special supply on the 29th, followed by first-priority subscription on the 30th, and second-priority subscription on July 1. Winners will be announced on July 7, and the contract period will run from July 18 to July 20. Move-in is scheduled for March 2029.

'Gimhae Shinmun Central I-Park' rendering. IPARK Hyundai Development Company

To be eligible for subscription, as of the date of the tenant recruitment announcement, applicants must be at least 19 years old, reside in Gimhae, Busan, Ulsan, or Gyeongsangnam-do, have held a subscription savings account for more than six months, and meet the deposit requirements by region and unit size. Both the head of household and household members may apply for first-priority subscription. As this is a private housing site in a non-metropolitan area, there are no restrictions on resale, re-winning, or mandatory residency period.

The sale price for the 84㎡ units has been set between 432 million won and 562 million won. The initial cost burden for buyers is significantly reduced by a 5% down payment and free balcony extension construction costs.

Jangyu Sinmun District, where the complex will be located, covers approximately 556,270 square meters and is being systematically developed with urban infrastructure such as two apartment complexes, detached houses, an elementary school, and parks. To the north, Sinmun 1 District is under development. To the south, it is connected to the Gimhae Tourism & Distribution Complex, and the entire area is expected to form the 'Sinmun New Town' with approximately 15,000 households in the future.

Residents will be able to walk to convenience and cultural facilities such as Lotte Premium Outlet, Hanaro Club, and Lotte Cinema located in the Gimhae Tourism & Distribution Complex. The area is also well connected to the already developed Jangyu and Yulha districts, allowing residents to share living infrastructure. Sinmun Elementary School, which opened in September last year, is within walking distance, providing safe commutes for children. Jangyu Middle School and the Yulha-dong academy district are also nearby. The Joman River flows right next to the complex, and residents can enjoy a pleasant natural environment with the Joman River Eco-Sports Park, Banryongsan, and Yongdusan nearby. The 18-hole Joman River Park Golf Course is also within walking distance, allowing active seniors to enjoy healthy leisure activities.

The area around the complex is well connected to Gimhae city center via roads such as Chilsan-ro, Ungjang-ro, and Jangyu-ro, and is close to Namjangyu IC and Jangyu IC on the Namhae Expressway No. 2, which connects to western Busan, allowing quick access to major cities such as Busan and Changwon. Jangyu Station on the Bujeon–Masan double-track railway, which connects Bujeon Station and Changwon Masan Station, is nearby. In the future, it will take about 10 minutes to Changwon Jungang Station and about 20 minutes to Busan Sasang Station. The section from Changwon Masan Station to Busan Gangseo Kumho Station on the Bujeon–Masan double-track railway is scheduled to open first in the first half of next year.

'Gimhae Sinmun Central IPARK' is designed with a south-facing orientation and cross-ventilation layout with at least four bays in every unit, maximizing sunlight and ventilation. The special 84㎡ B-type offers a 'bedroom–alpha room–bedroom–living room–bedroom' structure, introducing a five-bay design in a 84㎡ unit for the first time in Gimhae. The interiors feature an open kitchen with both 'ㄷ-shaped' and '11-shaped' island formats, an entrance pantry, powder room, dressing room, built-in wardrobes, large hallway pantry, and large kitchen pantry for ample storage. Living room feature walls with art tiles, engineered stone kitchen countertops, and kitchen wall tiles are provided as standard.

The complex will be created as a 100% car-free, safe, park-style residential community. Within the complex, there will be a 14,200㎡ panoramic signature field (central plaza) with green paths extending to the riverside, a family ground with three themed areas, a walking trail about 520 meters long, and a river-view garden. The largest community space in the Sinmun District, about 6,200㎡, will feature a study lounge, kids’ play area, moms’ café, fitness center, indoor golf practice range, table tennis room, sauna, and more. Parking space is provided for 1.5 cars per unit.

A smart switch system will be installed to manage energy metering, centralized lights-off, and lighting control with one touch. The artificial intelligence (AI) heating control system will help minimize unnecessary energy consumption. Convenient entry and parking will be available through a smartphone one-pass system, parking guidance system, and visitor vehicle reservation system. Additional features include smart LED lighting, smart ventilation for each unit, renewable energy facilities, and charging stations for electric vehicles, all aimed at energy conservation.

The model home will be located in the Daecheong-dong area of Gimhae.

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