'Billive Myeongji Duclass' with Waterfront Views Attracts Continuous Interest from Buyers in First-Come, First-Served Contracts

- Busan Real Estate Market, Increasing Demand Concentrated on Complexes with Waterfront Location & Views
- Villiv Myeongji Duclass, Developed as a Waterfront Complex with Namhae Sea View, Attracting Continuous Interest

[Billive Myeongji Duclass Bird's-eye View (Source: Shinsegae Construction)]

The strength of residential complexes with waterfront locations and views continues in the Busan real estate market. It is analyzed that the concentration of demand from buyers seeking a smart single property is ongoing due to excellent residential comfort, scarcity, and the resulting premium expectations.

In fact, in the Busan real estate market, districts such as Haeundae-gu and Suyeong-gu, which have waterfront locations like the sea in Haeundae and Gwangalli and the Suyeong River, are steadily increasing their value as preferred residential areas.

Also, the top five most expensive housing complexes in Busan were all found to have waterfront locations and views. In particular, 'LCT' and 'Daewoo Trump World Centum,' which recorded the highest housing prices in Busan, are located in front of the Haeundae sea, offering sea views, with average sale prices per 3.3㎡ of 69.44 million KRW and 47.99 million KRW respectively, forming price levels comparable to Seoul's Gangnam area.

This trend is also seen in the pre-sale market. For example, in Gangseo-gu, the recently supplied 'e-Pyeonhansesang Eco Delta Centerpoint' in Eco Delta City attracted over 11,000 subscription applications due to its advantage of being near the planned waterfront park, completing the first-priority subscription with an average competition rate of 79.90 to 1.

An industry insider said, "This is an example showing that preference for waterfront locations and views remains strong in Busan despite the overall market's slight downturn," adding, "As the real estate market regains momentum with the recent lifting of regulations across all areas in Busan, the preference for a smart single property is expected to grow further, and the strength of complexes with waterfront locations and views will continue."

Meanwhile, in Myeongji International New City, Gangseo-gu, Busan, Shinsegae Construction is introducing 'Villiv Myeongji Duclass,' which offers waterfront views.

Villiv Myeongji Duclass is a large-scale residential officetel complex with a total of 1,083 units, built from three basement floors to 20 floors above ground in Myeongji-dong, Gangseo-gu, Busan. All units are composed of a single type with a preferred exclusive area of 84㎡.

The complex also boasts excellent living conditions, enjoying all the infrastructure of the completed Myeongji International New City. First, the educational environment is good. Myeongwon Elementary School and Gyeongil Middle School are located nearby, and there is an academy district within Ocean City. Additionally, various infrastructures in the central commercial area can be conveniently used, and abundant cultural and convenience facilities such as Starfield City Myeongji, E-Mart Traders, and Lotte Cinema are also accessible.

The transportation environment is also solid. Using nearby Gimhae International Airport makes domestic and international travel convenient, and the construction project of Gadukdo New Airport is underway, which is expected to bring benefits. Furthermore, there are transportation advantages near the complex, such as the planned Gangseo Line connecting Busan Subway Lines 1 and 3, and the planned Hadan-Noksan Line, which will likely form a double station area in the future.

Villiv Myeongji Duclass will enhance residential comfort with trendy designs from the lifestyle residential brand Villiv applied throughout. First, by type, it introduces a 4-bay slab-type and 2-sided open tower-type floor plan design, raising the ceiling height to 2.5m to increase openness and maximize spatial perception. It also provides ample storage space such as large dressing rooms, walk-in entrance closets, and pantries, expanding space utilization.

Diverse and pleasant landscaping designs suitable for a large complex will also be introduced. In particular, it draws attention by presenting European lifestyle garden landscaping. Four beautiful tree-lined streets decorated with large oak, hawthorn, tulip tree, and Chinese maple trees cross the complex, and in the center of the four complexes, a courtyard is arranged with a wide lawn, resting areas, and two water-themed walking paths, uniting the entire complex as one.

Meanwhile, Villiv Myeongji Duclass is currently conducting first-come, first-served contracts with excellent pre-sale conditions, significantly reducing price burdens by offering various financial benefits. Financial benefits include a fixed first deposit of 10 million KRW and 60% interest-free installment payments, minimizing the initial financial burden for contract holders and eliminating additional funding burdens before moving in. Also, since the entire installment payment is interest-free, there is no concern about increased interest rates due to rate hikes.

Additionally, with the recent lifting of regulations in Busan, resale restrictions have been removed, allowing unlimited resale, which is reportedly increasing inquiries.

First-come, first-served contracts for Villiv Myeongji Duclass are being conducted at the model house site.