- Highly Preferred “Centum City Living Area”
Offers Diverse Lifestyle Infrastructure Including Education, Convenience Facilities, and Transportation
- Large-Scale Redevelopment Projects and Advanced Industrial Complexes
Around the Suyeong River Expected to Increase Future Value
One of the key factors determining the value of an apartment is the “view rights.”
The excellence of “view rights” is proven through various research, subscription results, and apartment prices. In surveys such as Gallup Korea’s “Real Estate Trends 2024,” “direction and view, outlook” recorded 46% as a “product consideration factor when deciding on a house in the future,” making it the second most important criterion after the house price. Additionally, in the “preferred housing specialization types,” “landscape-specialized” housing that enhances harmonious scenery ranked first.
Complexes with excellent views continue to attract steady popularity in the subscription market. Last year, “Goyang Janghang Kaibeu Ubora,” supplied by Bando Construction, boasted the advantage of views of Ilsan Lake Park and the Han River from a maximum height of 49 floors, showing an average competition rate of 8.4 to 1 and a peak of 173 to 1. Also, “The Sharp Soyang Stariver,” supplied in Soyang-dong, Chuncheon in October two years ago, recorded a high competition rate of 31.4 to 1, thanks to the Soyang River view rights.
As the value of views increases, in Busan, “Centum Park SK VIEW,” which offers permanent views of the Suyeong River, has recently lowered the contract deposit threshold significantly for new contracts, adopting a customer-tailored strategy favoring brand-new apartments, leading to continuous contracts. By drastically lowering the contract deposit threshold to a fixed amount of 20 million KRW, it allows investment with minimal costs until move-in, attracting interest from both residents and investors, according to officials.
Located in Yeonsan-dong, Yeonje-gu, Busan, “Centum Park SK VIEW” is a complex consisting of three buildings ranging from two basement floors to a maximum of 29 floors above ground, with 309 apartment units of exclusive areas 74㎡/84㎡ A·B types and neighborhood living facilities. The number of units by exclusive area for sale is ▲74㎡: 114 units ▲84㎡ A type: 110 units ▲84㎡ B type: 85 units, with Woori Asset Trust as the developer and SK Ecoplant as the constructor.
“Centum Park SK VIEW” is praised for its premium view rights overlooking the Suyeong River and the abundant infrastructure of Centum City. The complex is situated right in front of the Suyeong River, providing a pleasant living environment and excellent permanent view rights. Additionally, Suyeong Environment Park, Suyeong River, and the Suyeong Riverside Walkway are adjacent, making it ideal for walks and exercise.
Various development projects are underway around the Suyeong River area where the complex is located, including the modernization of Busan’s first sewage treatment facility, the Suyeong Sewage Treatment Plant, and the “Suyeong River Human Bridge” construction project. The modernization project of the sewage treatment facility aims for completion by 2032, relocating the over 35-year-old aging facility underground and transforming the upper idle space into eco-friendly, resident-friendly facilities such as parks and sports facilities. The creation of a large-scale park is expected to significantly improve the local environment and living convenience.
The landmark pedestrian bridge project in Busan, the “Suyeong River Human Bridge,” is also underway. Upon its completion in 2025, the Suyeong River Human Bridge will connect Haeundae-gu’s Busan Cinema Center and residential areas in Suyeong-gu, creating a waterfront cultural space and greatly contributing to the activation of pedestrian tourism.
Yeonsan-dong, where the complex is located, is adjacent to “Centum City,” which has established itself as a representative business and cultural special zone in South Korea, effectively making it part of the “Centum City living area.” BEXCO, Shinsegae Centum City Department Store, Lotte Department Store, and Gwangandaegyo Bridge are also nearby, offering various lifestyle conveniences.
Right in front of the complex is E-Mart Traders, and within a 2 km radius are Costco, Homeplus, Mangmi Central Market, and Oncheoncheon Cafe Street. Nearby are administrative facilities such as Busan Yeonje Police Station, Military Manpower Administration, Busan Metropolitan Office of Education Training Center, courts, prosecutors’ office, Dongnae District Office, and Busan Metropolitan City Hall, making administrative tasks convenient.
Transportation conditions are excellent. The complex is directly in front of Jasuyoung-ro, Beonyeong-ro, Suyeong Riverside Road, and accessible via Wondong IC, facilitating easy travel to major areas of Busan, with good accessibility to Centum City and Haeundae. Additionally, the “Mandeok-Centum Underground Expressway,” a 9.55 km underground connection between Mandeok in Buk-gu and Centum in Haeundae, is scheduled to open. Upon its completion in 2026 (planned), accessibility from Centum in East Busan to Mandeok-dong in West Busan is expected to improve significantly.
Centum Park SK VIEW is a “Chopuma” complex with Gajeong Elementary School right next door, and within a 1 km radius are Tohyeon Middle School, Allak Middle School, Yeoncheon Middle School, and Busan Foreign Language High School. Additionally, Busan Gyeongsang National University and Busan Metropolitan Yeonsan Library are nearby, and the Centum City academy district is conveniently accessible.
A sales official stated, “The complex is a rare property with permanent views of the Suyeong River,” adding, “With the Centum City living area and a pleasant location environment, there has been high interest from buyers even before the sale.”
The model house for “Centum Park SK VIEW” is located near Costco in Mangmi-dong, Suyeong-gu, and move-in is scheduled for May 2028.
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