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Clear Reflex Gains in Officetels Due to Housing Market Regulations, Popularity Soars with 'Manhattan Zoom City' Development Boost

Clear Reflex Gains in Officetels Due to Housing Market Regulations, Popularity Soars with 'Manhattan Zoom City' Development Boost

Due to the government's real estate policies, demand for 'officetels' is increasing day by day. With relaxed qualification requirements, 'officetels' are not affected by residential restrictions or home ownership status, and their popularity is expected to continue for some time. Additionally, anyone aged 19 or older can apply for subscription.


Recently, Busan Metropolitan City has been promoting large-scale redevelopment projects centered on the old downtown area, which had been left behind in development benefits. The future value of Beomcheon 1-1 District, equipped with double subway station access, office complexes, and various infrastructures, is highly evaluated.


Beomcheon 1-1 District is a double subway station area served by Beomnaegol Station on Busan Subway Line 1 and International Finance Center·Busan Bank Station on Line 2, with various transportation infrastructures already in place. The nearby Munhyeon Financial Complex is also undergoing institutional occupancy, allowing residents to enjoy the office complex infrastructure as well. Furthermore, as a target area for urban environment improvement projects, large apartment complexes and various auxiliary welfare facilities are expected to be constructed.


Moreover, with Busan Metropolitan City recently promoting the undergrounding of railway facilities, the Beomcheon-dong railway vehicle maintenance depot, built in 1904, has been relocated. This has removed development limitations in Busan's old downtown, including the Beomcheon area, raising expectations for accelerated urban development around Beomcheon-dong.


Currently, Beomcheon-dong has a relatively high population ratio, but compared to this, the supply of newly built officetels is relatively low. In this regard, the newly constructed officetel Manhattan Zoom City Financial Complex, under construction at 853-9 Beomcheon-dong, Busanjin-gu, attracts attention as a landmark officetel in Beomcheon-dong that can enjoy the development benefits and abundant infrastructure of Beomcheon 1-1 District.


Manhattan Zoom City Financial Complex is a newly built officetel consisting of underground 1 floor to ground 20 floors, including commercial facilities on the 1st and 2nd floors above ground. It comprises a total of 396 units, including 330 single-floor units in 5 types and 66 duplex units in 5 types, with exclusive areas ranging from 21 to 28㎡. All units are equipped with washing machines, refrigerators, air conditioners (two units in some units), and will be supplied including free options such as walk-in closet spaces (in some units) and multi-table storage spaces.


From the officetel rooftop, which takes advantage of the view, residents can enjoy both day and night cityscape views at a glance. Additionally, to provide the rooftop as an urban resting space, cabana-style outdoor tables and rooftop garden trekking courses will be created. On the 2nd floor of the building, resident convenience facilities consisting of a multi-purpose hotel-style premium clubhouse will be established, and a residents-only breakfast (paid) service will be provided at the cafeteria.


Furthermore, the entire residential space is configured to enjoy smart Internet of Things (IoT) services, allowing indoor security and lighting control from outside. Especially, units on the 3rd to 5th floors are designed with loft structures to increase space utilization, which is expected to improve negative perceptions of lower-floor spaces.


The surrounding transportation infrastructure also benefits from the double subway station area of Beomcheon, allowing convenient use. Additionally, redevelopment issues in Beomcheon 1-1 District, the relocation of the railway vehicle maintenance depot, and the Dongcheon ecological stream restoration project are expected to continue as development benefits, making it a premium location with promising future value.


Currently, institutional occupancy is underway within the Munhyeon Financial Complex near Manhattan Zoom City Financial Complex, expanding the office commercial district centered on the International Finance Center. Also, being close to Seomyeon, the commercial and living hub of Busan, residents can enjoy lifestyle convenience facilities such as Lotte Department Store Busan Main Branch, NC Department Store, and E-Mart Munhyeon Branch, as well as medical facilities on Medical Street and educational infrastructure including densely located academies within a 1km radius.


Meanwhile, the model house of Manhattan Zoom City Financial Complex, constructed by Daechang Enterprise, can be viewed in Beomcheon-dong, Busanjin-gu. For those unable to visit in person, the official website offers a VR video tour of the model house through the E-Model House, providing an immersive viewing experience.


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