- Document submissions accepted from October 10 to 13... Official contract signings to be held over three days from the 15th to the 17th
- Strong interest expected due to reasonable pricing, flat site location, prime access to Buam Station, and proximity to both Seomyeon and Bujeon Stations
'Seomyeon Urbancent Daesang,' which became the first development in Busanjin-gu this year to record a competition rate exceeding 50% for all unit types, will begin accepting documents from successful applicants starting today. The complex will receive document submissions until October 13, and then proceed with official contract signings from October 15 to 17.
In fact, during the first and second priority subscriptions held in September, the complex attracted significant interest from genuine homebuyers, resulting in a total of 475 subscription accounts being submitted. This led to an average competition rate of 2.8 to 1, with a peak of 11.3 to 1. This marks the first time this year that more than half of all unit types in Busanjin-gu have recorded such high competition rates.
A sales representative stated, "In particular, most of the general sales units were allocated to high-rise floors above the 20th floor with open views, which greatly satisfied buyers. The complex’s outstanding location and differentiated product design also received positive responses, so we expect strong interest in both the document submission and official contract phases."
That’s not all. Seomyeon Urbancent Daesang is also highly regarded for its price competitiveness and favorable sales conditions, further raising expectations.
For example, the complex is evaluated as having a price advantage, with the sales price for the exclusive 84㎡ units being 100 million to 300 million KRW lower than that of recently supplied nearby complexes. Additionally, the project offers rational contract conditions such as a split payment system for the first and second down payments, a fixed payment of 10 million KRW upon contract signing, and a 0% interest benefit on the entire 60% interim payment. As a result, the initial financial burden on buyers is expected to be significantly reduced, according to the sales representative.
Seomyeon Urbancent Daesang is located in the Buam-dong area of Busanjin-gu, Busan. The development will consist of five buildings ranging from three basement levels to a maximum of 46 above-ground floors, offering a total of 831 units-762 apartment units (211 for general sale) with exclusive areas of 59 to 84㎡, and 69 officetel units with exclusive areas of 79 and 84㎡. Move-in is scheduled for September 2027.
The complex boasts a prime location, featuring a rare flat site in Busan and immediate access to Buam Station on Busan Subway Line 2. Additionally, Seomyeon Station, an interchange station for Lines 1 and 2, is about 500 meters away, and Bujeon Station-where the KTX-Eum train stops-is nearby, offering the advantage of a "triple station area" premium. Bujeon Station is also expected to benefit from ongoing development as a multi-modal transfer center.
The educational environment is also excellent. Students can walk to Bujeon Elementary School and Seomyeon Middle School, while directly across from the complex are the Global Village (offering a variety of English programs), an English library, and a mathematics culture center.
Residents will also enjoy close access to all the infrastructure of Seomyeon, Busan’s central commercial district. Within a 1km radius are Lotte Department Store, Lotte Mart, Emart Traders, Lotte Cinema, CGV, Busan Concert Hall, and the 470,000㎡ Busan Citizens Park. The area is also adjacent to the first advanced general hospital in Seomyeon, On General Hospital, and the large-scale medical cluster known as 'Seomyeon Medical Street.'
The complex stands out for its future value as well. In particular, the Seomyeon area is undergoing redevelopment as part of the Busan Citizens Park Revitalization Zone (including Promotion Zones 1, 2-1, and 3), which is expected to transform the area into a new residential town with approximately 9,000 units. Additional projects such as the redevelopment of Gaya Zones 1 and 4 along Gayadaero and the mixed-use development of the Gaya Homeplus site are also underway, further enhancing its status as a residential hub and promising future benefits.
The product design is also outstanding. The complex has been reinforced as a landmark with its maximum height of 46 stories, and the south-facing layout maximizes sunlight and ventilation.
Interior designs include a four-bay flat layout, dressing rooms, and entrance storage spaces to enhance storage and space efficiency (varies by unit type).
Within the complex, residents will have access to a variety of community facilities, including a fitness center, male and female saunas, a small library, daycare center, and senior lounge. There will also be diverse landscaping features such as the 'Daesang Place' children’s playground, a ground fountain, rock garden, dry garden, and secret garden.
Meanwhile, document submissions for Seomyeon Urbancent Daesang will take place at the model home, which is located in the Sincheon-daero area of Busanjin-gu, Busan.
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