VILLAS Villas Overview Why Shinhwa Villas?
Why Shinhwa Villas?

Rediscover the wonder of life at Shinhwa Villas

Benefit from an outstanding location just 5-10 minutes’ drive from Jeju Global Education City and right next to a world class theme park, water park, five-star hotel, restaurants helmed by star chefs and a shopping street with choices ranging from everyday products to luxury branded goods and duty-free items. In these exceptional settings, experience a new lifestyle paradigm with 721 remarkable premium condominiums. 

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10 minutes’ drive from Jeju Global Education City 

At Jeju Global Education City (GEC), life and education take place in English. The proportion of foreign residents is maximized as part of a project to build Jeju into an international city, creating an environment identical to that of studying overseas. Located in Seogwipo’s Daejeong-eup on a plot of approximately 379 hectares, GEC is home to seven international elementary and middle schools with a combined capacity of more than 9,000 students. Shinhwa Villas are located 10 minutes’ drive from GEC, while a school bus stop within the villa complex provides convenient access for both students and parents. 

Enhanced, internationally-inspired lifestyle  

Life at Shinhwa Villas strikes a perfect balance between privacy and convenience. Membership brings complimentary use of the Indoor Swimming Pool, Jjimjilbang, Fitness Club and Yoga Room at Tam Mora, the wellbeing zone at Somerset Clubhouse, while the villa complex creates a small village in its own right, complete with lifestyle destinations Korean Square, Chinese Crescent and Japanese Terrace, diverse Korean, Chinese and Japanese dining destinations, atmospheric cafés, 24-hour supermarket-style convenience stores, total beauty care salons, bakeries, premium liquor retailers, cultural attractions, children’s playgrounds and multipurpose courts for sports including basketball and tennis. 

 Immigrant investor scheme and residential benefits for foreign citizens 

Shinhwa Villas are classified as residential resort real estate, built with the approval of the governor of Jeju as a development project in accordance with local laws. The Immigrant Investor Scheme for Real Estate (IISRE), introduced on February 1, 2010 and valid until April 30, 2023, enables foreign citizens purchasing such real estate, including condominiums, with a minimum investment of 500,000 US dollars or 500 million Korean won, to be granted permanent residency in the Republic of Korea. Once issued with a certificate of alien registration, foreign residents in Korea enjoy the same benefits as Korean citizens, including public education, the right to enroll at international schools in Jeju Global Education City, and health care.