Hillstate Seonam Lake Park opens sales amid Ulsan housing market rebound

Ulsan’s housing market is showing clear signs of recovery as key indicators improve, with apartment prices, transaction volumes and unsold inventories all moving in a positive direction. According to data from the Korea Real Estate Board, apartment prices in Ulsan rose a cumulative 2.1 percent in 2025, marking the highest increase among noncapital metropolitan areas nationwide. Ulsan is a city in the nation's southeast most famous for Korea’s industrial powerhouses in areas, such as automobiles, shipyards and refineries. The upward trend has continued this year, with the city recording a cumulative housing price increase of 1.68 percent as of the first week of April, the second-highest growth rate in the country after Seoul. The number of unsold homes has also declined sharply. Ulsan’s unsold housing inventory fell from 3,811 units in February 2025 to 1,402 units in January 2026, a decline of roughly 63.2 percent over the course of a year — the steepest drop among major cities and provinces nationwide. Against this backdrop, Hillstate Seonam Lake Park, a new residential complex b

Original source: Korea Times