"Open the Window to Joman River, Open the Door to the Outlet"... 1,379 Units of Gimhae Shinmun Central Ipark Now on Sale [Real Estate AtoZ]

Model House Opens

First-Priority Applications Begin on the 30th

IPARK Hyundai Development Company is launching the sale of an apartment complex with 1,379 units in the Shinmun District of Gimhae, Gyeongnam.

On June 26, IPARK Hyundai Development Company announced that it has opened a model house for the 'Gimhae Shinmun Central Ipark' located in Block A34-1 of the Jangyu Shinmun District, Shinmun-dong, Gimhae, and has begun sales.

'Gimhae Shinmun Central Ipark' will consist of 13 buildings, ranging from two basement levels to a maximum of 25 above-ground floors, with a total of 1,379 units. By exclusive area, 1,140 units, or 83% of the total, will be 84㎡ types A and B; 191 units will be 113㎡, and 48 units will be 128㎡, totaling 239 large-sized units.

An aerial rendering of 'Gimhae Sinmun Central IPARK' in Gimhae, Gyeongnam. IPARK Hyundai Development Company

The Shinmun District, where the complex will be located, is close to the Jangyu and Yulha living areas. About 500 meters south of the complex is the Gimhae Tourism & Distribution District, which offers access to shopping, cultural, and leisure facilities such as Lotte Premium Outlet, Hanaro Club, Lotte Cinema, and a water park. Both Jangyu IC and Namjangyu IC interchanges are nearby, making it easy to travel to Changwon and Busan. The Bujeon-Masan double-track railway is set to partially open in the first half of next year, which will allow travel to Bujeon Station in Busan and all areas of Changwon in approximately 20 to 30 minutes.

Shinmun Elementary School is within walking distance, providing safe commuting for children, and an additional school site is planned inside the Shinmun District. The area is also close to the Yulha-dong private education hub.

Joman River and Joman River Ecological Sports Park are located near the complex. IPARK Hyundai Development Company plans to integrate these with the landscaping inside the complex to create a waterfront-style development. At the center of the complex, there will be a 'Signature Field,' a green space measuring 270 meters in length and 14,500㎡ in area. There will also be a 'Family Ground,' a combined children's play and sports area covering 8,300㎡.

The floor plans are primarily south-facing. The 84㎡B units feature a three-sided open layout. Some units will offer special paid options such as open-concept kitchens, pantries, and walk-in closets. The community facilities will cover approximately 6,200㎡ and include a sauna, indoor golf driving range, fitness center, table tennis room, study lounge, moms' cafe, and kids' play area. The parking lot accommodates a total of 2,069 vehicles, allowing about 1.5 cars per household.

A smart home system will also be implemented. The main entrance will feature a facial recognition system, and the complex will have CCTV installed according to Crime Prevention Through Environmental Design (CPTED) guidelines. The underground parking lot will provide information on available spaces and vehicle location. The movement path from entry to parking will be tracked, and the final parking spot can be checked on each household's wall pad.

Perspective view of 'Gimhae Shinmun Central IPARK' in Gimhae City, Gyeongnam. IPARK Hyundai Development Company

Inside each unit, residents can control lighting, heating, ventilation, and door locks via the wall pad and smart switches. Through a dedicated app, they can register visiting vehicles, check the status of electric vehicle charging, and control lighting and heating. Dust signal lights will be installed in children's playgrounds to indicate levels of fine particulate matter.

The sale price for the 84㎡ units ranges from the low 400 million won to the mid 500 million won range. As Gimhae Shinmun Central Ipark is provided on private land in a non-regulated area, there are no restrictions on resale, repeat winning, or mandatory residency. However, considering that 84㎡ units in the nearby The Sharp Shinmun Greenity, which began occupancy in February this year, have recently been traded in the mid to high 400 million won range, some types of units at this new complex are considered to be priced higher than the surrounding market rate.

Applications for the lottery will begin with special offers on the 29th, first-priority applications on the 30th, and second-priority applications on the 1st of next month. The winners will be announced on the 7th of next month, and formal contracts will be signed from the 18th to the 20th.

The model house is located in the Daecheong-dong area of Gimhae, Gyeongnam.

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