Yangsan, Gyeongnam Home Prices and Development Catalysts Move Together...'Hillsstate Yangsan The Sky'

Flagship Apartment in Mulgeum New City
84㎡ Unit Sold for 564 Million Won
Subscription Premiums Exceed Busan Average
Rarity of New Developments in Mulgeum-eup Highlighted

Warmth is returning to the real estate market in Yangsan, Gyeongnam. Existing apartment prices are showing signs of recovery, and the pace of major transportation network expansions, including the opening of the Yangsan Line at the end of this year, is accelerating.

Perspective view of Hillsstate Yangsan The Sky in Yangsan, Gyeongnam.

According to the Ministry of Land, Infrastructure and Transport's Actual Transaction Price Disclosure System on August 28, an 84㎡ apartment on the 18th floor of 'Yangsan Daebang Nobland 8th Royal County' in Gachon-ri, Mulgeum-eup, Yangsan, Gyeongnam, was traded this month for 564 million won. Considering that an apartment on the same floor was traded for 483 million won in February, that is an increase of about 80 million won in just six months.

There is also growing anticipation for improvements in transportation conditions. The Yangsan urban rail line is in its final preparation stages, aiming for an opening in December. The Yangsan Line will connect Nopo Station on Busan Metro Line 1 to Bukjeong Station, spanning a total length of 11.43 kilometers and including 7 stations. Transfers are possible to Busan Metro Line 1 at Nopo Station and to Line 2 at Yangsan Central Station. At present, comprehensive test runs are underway, and once operational, the line is expected to make the rail network between Yangsan and Busan even more seamless.

The expansion of mid- to long-term metropolitan railway networks is also proceeding in earnest. The Ulsan-Yangsan-Busan Metropolitan Railway passed the preliminary feasibility study in July last year and is currently in the basic planning phase. The project aims to connect KTX Ulsan Station through Yangsan Wungsang to Busan Nopo Station over a total length of 47.6 kilometers, with 11 stations, and the target opening is 2031. The total project cost is estimated at 2.5475 trillion won.

A southeastern region circular metropolitan rail line passing through Mulgeum-eup is also in the works. This project will connect Ulsan, Yangsan, Gimhae, and the Changwon area, with a preliminary feasibility study currently underway. Local governments such as Ulsan are aiming to pass this feasibility study within this year. Furthermore, Yangsan City and Ulsan City are collaborating to expand the metropolitan rail network and enhance integrated transit convenience, raising expectations for an expanded joint living zone across Busan, Ulsan, and Gyeongnam.

'Hillsstate Yangsan The Sky' is being built as two complexes, totaling 598 residential units. The first complex consists of 4 basement floors and 20 aboveground floors in 4 buildings, with unit sizes of 68㎡, 84㎡, and 159㎡, totaling 299 units. The second complex includes 3 basement floors and 20 aboveground floors in 4 buildings, with unit sizes of 84㎡ and 159㎡, also totaling 299 units. About 88% of all units will be the 84㎡ type, which is highly popular among genuine homebuyers.

The site offers convenient access within Yangsan via Hwangsan-ro and Busan National University Road, and excellent connections to Busan and Gimhae via Busan Metro Line 2 at Jeungsan Station, KTX Mulgeum Station, and Mulgeum/Namyangsan IC. Access to schools and the Gachon-ri academy district is easy, and the Yangsan Municipal Central Library is right next to the complex. Adjacent to the property are the Yangsan Central National Sports Center and various convenience facilities, and Yangsan Busan National University Hospital with over 1,200 beds is also nearby.

Except for the two penthouse units, all homes in 'Hillsstate Yangsan The Sky' are designed with a four-bay (four-side window) flat layout, maximizing storage space with walk-in closets, pantries, or alpha rooms. The ceiling height is 2.4 meters (2.5 meters including the recessed ceiling), and in the living room (except the master bedroom), glass railings are used instead of the typical metal ones, allowing for an open feel and a sophisticated exterior design.

The community facilities will include an indoor golf range, fitness center, Hills Lounge, study lounge, and an eco-friendly indoor play area called 'H iForest' with a forest theme. For the convenience of residents, one free shuttle bus will be provided per complex, and Hyundai Engineering & Construction's patented 'H Silent Home System' for noise reduction between floors will be installed in all units (except for some areas like pantries and walk-in closets).

'Hillsstate Yangsan The Sky' will have a 5% contract deposit, with a flat rate of 5 million won for the first deposit. Interest-free interim payments are available to reduce the initial funding burden. As Yangsan is a non-regulated area, there are no restrictions on reselling the properties.

A project spokesperson said, "Recently, existing apartment prices in Mulgeum-eup have been trending upward, and with the tangible progress in metropolitan transport infrastructure, warmth is coming back to the Yangsan real estate market. Hillsstate Yangsan The Sky continues to see steady inquiries as a new complex equipped with Mulgeum-eup’s lifestyle infrastructure, strong marketability, and financial benefits."

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