This study intends to analyze residential satisfaction and preference of residents of urban core area. The main findings of this study are follows: First, the residents show high satisfaction levels for accessibility and availability of various facilities. However, they express relatively low levels of satisfaction for safety and amenities. Second, the satisfaction levels of female, housewives, and higher income earners are higher than the rest of residents. Third, more than half of core residents still want to live in the core area. This result implies the possibilities of residential development in the core area.