Busan Urban Corporation to Offer 15 Commercial Units in Ilgwang Integrated Public Rental Housing Complex via Private Contracts

Announcement of Private Contract Conversion on the 26th
Private Contracts Begin on December 1

Busan Urban Corporation (BMC, President Shin Changho) has decided to supply 15 commercial units within the Ilgwang Integrated Public Rental Housing Complex on a first-come, first-served basis by switching to a private contract method.

The commercial units being offered are located in Ilgwang-eup and are primarily composed of spaces with an exclusive area of approximately 36 square meters (about 11 pyeong). The expected prices, including value-added tax, are set at around 270 million to 280 million won. There are no specific eligibility requirements for applications, and detailed information such as the sale price for each unit and the payment schedule for the balance can be found in the private contract announcement.

For further details, including the private contract schedule, first-come, first-served criteria, and the documents required at the time of contract, please refer to the announcement on the Busan Urban Corporation website or contact the Housing Business Division of Busan Urban Corporation for guidance.

The Ilgwang Integrated Public Rental Housing Complex is a large-scale apartment complex consisting of a total of 1,134 units. The area is expected to have strong demand, as large residential complexes in the vicinity have already been occupied. Commercial tenants are expected to be able to move in starting at the end of December 2025.

Busan Urban Corporation

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