One of the buildings in the area being built back in 2007
One of the tragedies of Ulsan’s housing boom was the numerous “busts” that came when the prices of apartments exceeded what people were willing to pay. One of those was the Palace D’Sante or whatever it is being called now. In 2007, it popped up along the street next to two other high-rise apartments. These were to be the future of living in Ulsan. However, due to the changing markets and no doubt some shifty backdoor deals, it stood completed but empty for many years.