- Busan Real Estate Continues Uptrend in Areas Near Sea and Rivers... Waterfront View Units Gain More Popularity
- Hyundai Engineering Introduces Residential Officetel with Permanent Suyeonggang River View in Suyeonggang Riverside Area
In the Busan real estate market, complexes located in waterfront areas continue to maintain steady popularity. In particular, complexes with waterfront views within the waterfront location are gaining even higher popularity as they are regarded as "views that bring in money."
In fact, in Busan, the strong performance of Haeundae-gu and Suyeong-gu areas, which border Haeundae, Gwangalli Beach, and the Suyeong River, continues. Especially, the average prices far exceed the Busan average.
Regarding this trend, a representative from a brokerage office explained, “This is an example showing that preference for waterfront locations remains strong despite the slight downturn in the Busan real estate market. In particular, complexes with scenic views within the same waterfront location are more scarce, so prices continue to rise.”
Meanwhile, in Busan, Hyundai Engineering has announced the pre-sale of 'Hillstate Centum The First,' which offers permanent views of the Suyeong River in the Centum area in July, attracting the attention of prospective buyers.
Hillstate Centum The First is a complex-type officetel located in Mangmi-dong, Suyeong-gu, consisting of 4 buildings ranging from 3 basement floors to 37 above-ground floors, with a total of 447 units sized between 61 and 84 square meters. All units are residential-type officetels mainly composed of small to medium-sized types, which are rare in the Suyeong-gu area.
The complex offers permanent views of the Suyeong River (except for some units). Additionally, some units also provide ocean views, raising expectations as a complex with premium scenic rights. Furthermore, it is located along the Suyeong Environment Park, artificial soccer fields, the Suyeong River permanent kayak experience center, waterfront observation decks, and APEC Naru Park, offering a highly pleasant environment.
Moreover, the complex is adjacent to Centum City, providing excellent convenience for daily life. Residents can share the Centum City living area, including Shinsegae Department Store, BEXCO, Lotte Department Store, and the Busan Cinema Center, and enjoy convenient living with Costco and E-Mart Traders nearby.
Additionally, access to and from Busan city is convenient via Jwasuyeong-ro, Gajeonggyo Bridge, and Beonyeong-ro, and entry to the Gyeongbu Expressway is easy, ensuring excellent metropolitan transportation networks. Furthermore, the underground urban expressway between Mandeok and Centum is scheduled to open in 2024, which is expected to further improve transportation conditions.
Hillstate Centum The First is designed with a south-facing layout, securing open views to enhance openness, sunlight, and ventilation. It applies the same structural design as general apartments and mainly features 4-bay slab-type layouts, incorporating dressing rooms and utility rooms to expand storage space and maximize space utilization.
In addition, the complex will introduce a main entrance gate that enhances residents' dignity, create a rooftop garden to offer a relaxing daily life, and provide fitness facilities and household storage for each building to support residents' health and convenience.
A sales representative stated, “The advantages of permanent Suyeong River views and partial ocean views, combined with access to the Centum City living area, have already generated many inquiries. We are putting great effort into designing a landmark representing the Suyeong River area, so we ask for your continued interest in the upcoming schedule.”
The model house for Hillstate Centum The First is scheduled to open in July.
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