The Baymont Terrace Suites, the Center of Busan Culture and Tourism, Achieves Highest Competition Rate of 479 to 1

Real estate developer Raon Holdings Co., Ltd. achieved a subscription competition rate of up to 479 to 1 for 'The Baymont Terrace Suites,' launched in the prime location of Busan BIFF Street.

The reason for such a subscription result is believed to be that the complex is located at the center of Busan's culture and tourism, and all unit types feature terraces with ocean views, according to a sales official. In particular, as it is supplied as a residential lodging facility, The Baymont Terrace Suites offers differentiated hotel-style concierge services and community facilities.

A sales official stated, "With the transition to the With-Corona era, there is an expectation of a surge in tourist demand, which has led to a flood of inquiries from investors," adding, "Recently, there has been a trend in the real estate market where investors focus on income-generating products, including office and commercial properties, and The Baymont Terrace Suites showed excellent results as well."

The Baymont Terrace Suites, which achieved successful subscription results today, is being developed in the Nampo-dong 6-ga area, Jung-gu, Busan Metropolitan City, with a total of 368 units ranging from 4 to 20 floors above ground and exclusive areas of 25 to 45 square meters. The complex features high ceiling heights and high-quality finishing materials, providing excellent openness and luxury, and the exterior is planned to apply a Hollywood style to harmonize with the BIFF Street atmosphere themed around movies.

Meanwhile, the contract schedule for The Baymont Terrace Suites will continue from Thursday the 25th to Sunday the 28th, and a first-come, first-served subscription for neighborhood living facilities will be held on Thursday the 2nd of next month. Contracts for neighborhood living facilities will begin on Friday the 3rd.