Miryang's New Premium, "Miryang Sujain The First," First-Come, First-Served Sale Begins August 22

No residency, income, or homeownership restrictions—first-come, first-served for all

Price ceiling applied for rational pricing; large-scale brand town with strong demand near Nano Convergence National Industrial Complex

BS Hanyang is currently accepting first-come, first-served Letters of Intent (LOI) for "Miryang Sujain The First Phase 1 and 2," located in Miryang, Gyeongsangnam-do. The official first-come, first-served sale will begin on Saturday, August 22, 2026. To accommodate genuine homebuyers who have previously faced qualification restrictions, the application process is open to all, with no separate conditions required. Visitors who fill out a Letter of Intent will receive gifts and updates regarding the sale of the property.

The most notable feature of this first-come, first-served sale is the removal of all the strict qualification requirements typically applied to public housing sales. Generally, public housing sales come with high entry barriers, including residency requirements giving priority to local residents, as well as income and asset standards, and verification of current home ownership. However, under this first-come, first-served approach, all these restrictions have been lifted, allowing people who live outside Miryang, as well as current homeowners and those with multiple properties, to freely enter into a contract without a subscription savings account. This now enables those who were previously unable to even apply due to the eligibility restrictions for public housing sales to sign contracts.

The contract terms are also designed to reduce the financial burden on buyers. The down payment is set at approximately 5% of the total sales price. At the time of contract, only the first installment of 5 million KRW is required, with the remainder of the down payment divided and paid in a second installment. Since the need to prepare a large amount of money upfront is significantly reduced, these conditions are considered to lower the entry barrier for both those seeking a primary residence and investors.

This project is also strong in terms of business stability. The complex is being developed under a private-participation public housing model involving Korea Land & Housing Corporation (LH), which is regarded as contributing to higher project stability compared to projects developed solely by private developers and constructors. In addition, the government’s price ceiling system is applied, ensuring a rational pricing standard. Exclusive units of 55㎡ are priced in the mid-200 million won range, 59㎡ in the mid- to high-200 million won range, 74㎡ in the low-300 million won range, and 84㎡ in the mid- to high-300 million won range. Despite the current nationwide trend of increasing housing prices due to rising raw material and construction costs, the project is highlighted for offering reasonable prices.

With the removal of strict eligibility requirements and the ability to pre-select preferred building and unit numbers, this first-come, first-served sale is expected to provide a practical alternative for genuine homebuyers seeking a reasonable opportunity amid skyrocketing housing prices, as well as investors looking for long-term value appreciation.

"Miryang Sujain The First Phase 1 and 2" is a large-scale complex of 1,066 units located in A-1 Block (Phase 1: 744 units) and S-2 Block (Phase 2: 322 units) of the Bubuk Public Housing District in Miryang. It is expected to establish itself as a prominent brand town in the Miryang region in terms of the number of units. The first-come, first-served supply consists of 55, 59, 74, and 84㎡ exclusive units, featuring predominantly 4-bay plate-type layouts for improved sunlight and ventilation. Each unit offers ample storage with built-in dress rooms, corridor and entrance pantries, and the complex includes branded apartment-style community and landscaping facilities.

The project also boasts an excellent location. The complex is adjacent to the "Miryang Nano Convergence National Industrial Complex," providing easy access for those who work there. The industrial zone was designated last year as a Special Opportunity Zone for Advanced Future Materials and Parts, and is expected to see both the expansion of its industrial base and the growth of residential demand. Right in front of the complex is Sapho Elementary School, making it suitable for children to walk to school, and some units even offer views of the Miryang River, adding to the living comfort.

The transportation and local infrastructure are outstanding as well. With easy access to city and out-of-city areas via Sapho-ro, Miribeol-ro, and Miryang-daero, as well as convenient entry to major highways through Nam-Miryang IC—enabling smooth travel to the Jungang Expressway and Hamyang-Ulsan Expressway—the location is well-connected to nearby cities. KTX Miryang Station is also only about a 10-minute drive away, facilitating access to the broader regional transit network. In addition, everyday conveniences such as Arirang Market, Sammun-dong commercial district, Miryang City Library, and Sammun-dong Public Sports Stadium are located nearby, ensuring convenience for daily life.

Meanwhile, "Miryang Sujain The First Phase 1 and 2" is currently accepting first-come, first-served Letters of Intent. Those who submit a Letter of Intent will receive a gift and notifications regarding further details of the sale. The first-come, first-served sale will begin on Saturday, August 22, 2026, and contracts can be signed in the order of on-site registration without any separate eligibility requirements. In particular, a large crowd is expected on the morning of the first day, August 22, as buyers look to secure their preferred buildings and units. The model home is located in Nae-dong, Miryang, Gyeongsangnam-do.

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