Interest in Myeongji Oceanfirst, Residential Officetel in Busan Myeongji International New City

Busan City announced the last large-scale development in the western Busan area on the 8th, sparking intense interest in Myeongji International New City.

According to Busan City, by 2037, they plan to complete the development of the western Busan new city area connecting Myeongji International New City, 1st Eco Delta City, 2nd Eco Delta City, and the Busan Research and Development Special Zone through the development of the 2nd Eco Delta City. They also expressed their determination to transform the Gangseo area of Busan into a global hub, similar to how Seoul rose to become a world-class city through new town development.

As attention focuses on whether western Busan will become the center of a mega-city linking the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) region like the metropolitan area, interest in Myeongji International New City, the core new city of western Busan development, is increasing. Myeongji International New City is a key commercial district connecting Ocean City and Eco Delta City, and is a representative new city of western Busan already equipped with major lifestyle convenience facilities such as the National Assembly Library and Starfield. In particular, with the upcoming opening of the prestigious British school Royal Russell School in 2024, apartment prices in the area are soaring, making it a prominent region.

Proving the popularity of Myeongji International New City, the recently launched residential officetel Shinsegae Believe Myeongji Duclass recorded an excellent subscription competition rate of up to 11.96:1, comparable to apartments. This has led to increased interest in nearby officetel complexes as well.

With growing interest in residential officetels offering a pleasant living environment equipped with both parks and the sea, demand is even absorbing that for small apartments. The relatively flexible subscription conditions, avoiding apartment price increases and stricter subscription requirements, have also contributed.

In March, the residential officetel Myeongji Ocean First is scheduled for sale in Myeongji International New City. Notably, the building benefits from a newly imposed height limit of 5 floors in front, securing an open view, and a skybridge connecting buildings on the 20th floor allows residents to enjoy the view 365 days a year.

Featuring the most preferred 60-type 3-room layout, it also includes various community facilities such as a resident lounge, exercise facilities, children's playground, indoor golf practice room, and fitness center. Essential home appliances including refrigerator, washing machine, dryer, water purifier, induction cooktop, dishwasher, and air conditioner will all be installed free of charge with the Samsung Bespoke brand.

This location offers access to various lifestyle and cultural facilities such as the Ocean City academy district, National Assembly Library, Starfield, and movie theaters, and benefits from transportation advantages with the planned double station zones of Hadan~Noksan Line and Gangseo Line.

Myeongji Ocean First is planned to be constructed in Gangseo-gu, Busan Metropolitan City.

This content was produced with the assistance of AI translation services.