Table of Contents
The Beach Prugio Summit, Approval Announcement of the Housing Reconstruction Maintenance Project in Daeyeon District 4
- 1808 Daeyeon-dong, Nam-gu
The 'The Beach Prugio Summit', located at 1808 Daeyeon-dong, Nam-gu, Busan, received full completion approval on May 23, thus completing the maintenance project process. This complex had previously received partial completion approval on January 3, 2024, allowing some residents to move in, but with this final approval, all buildings are officially completed.
This apartment consists of a total of 8 buildings with 1,384 units, ranging from 3 basement floors to 43 floors above ground, and was constructed by Daewoo E&C. This complex, applying the high-end line ‘Summit’ of the Prugio brand, is expected to receive much interest and attention in the future.
Once the completion approval announcement is confirmed, the association will immediately begin the ownership transfer notice procedures. As this stage progresses, existing land shares will be integrated and transferred to the ownership and land rights of the newly constructed apartment. This will enable individual registrations and mortgage lending, while also establishing a new holding period necessary for the exemption of acquisition tax and non-taxation of transfer tax conditions. Therefore, the processing of remaining unsold and reserved units, as well as relocation expenses, is expected to proceed more smoothly.
The Beach Prugio Summit boasts an excellent location. The complex is located close to Gwangalli Beach, where units on the south side can enjoy stunning views of the Gwangandaegyo Bridge. In addition, both Namcheon Station and Kyungsung University Stations on Subway Line 2 are easily accessible on foot.
The connections with major arterial roads such as Hwangnyeong Tunnel, Gwangandaero, and Uam-ro are excellent, and there are various educational and living convenience facilities available. With various infrastructures such as Namcheon Elementary School, Daeyeon Middle School, Kyungsung University, Homeplus, Hyundai Department Store, and Busan National Gugak Center, it greatly supports daily life.
The market continues to show positive reactions. According to data from real estate platforms, the selling price for units with a usable area of 84.98㎡ ranges from 900 million to 1.9 billion won, with the average price per 3.3㎡ being around 37 million won.
The location that overlooks the coast and rivers and the premium of high-end brands support the market prices, particularly for units on high floors that boast views of Gwangandaegyo Bridge, which have even exceeded 2 billion won.
These elements contribute to setting the area's highest price level.
The expected effects are clear. With the completion of the large-scale supply of complexes and the excellent views and brand value, the residential environment along the coastline in Nam-gu is expected to change anew. Additionally, it should effectively respond to the high-end housing demand in the Gwangalli area.
Once the prior notice is completed and transactions become active, an effect of raising real estate prices in nearby areas is also anticipated. Furthermore, the association's reserved lands can help expand community facilities and contribute to living SOCs.
Comprehensive Announcement No. 2025-67 of Nam-gu, Busan
Approval Announcement of the Housing Reconstruction Maintenance Project in Daeyeon District 4
Based on the Notice No. 2012-409 of Busan Metropolitan City (October 31, 2012) for the establishment of a maintenance plan and designation of the maintenance area, the maintenance plan was changed and designated under Notices No. 2016-446 (January 4, 2017), No. 2020-265 (July 22, 2020), and No. 2021-134 (April 21, 2021). The approval for project execution was announced under Notice No. 2017-82 of Nam-gu, Busan (August 23, 2017), and notices for changes in project execution plans were promulgated under Notices No. 2020-44 (May 13, 2020), No. 2021-104 (November 10, 2021), No. 2023-79 (August 2, 2023), No. 2023-116 (December 13, 2023), and No. 2024-83 (July 31, 2024). Since the housing reconstruction maintenance project in 1808 Daeyeon-dong, Nam-gu, Busan has been completed as per the approved project execution plan, the completion approval is announced in accordance with Article 83, Paragraph 3 of the Urban and Residential Environment Maintenance Act and Article 74, Paragraph 4 of its Enforcement Decree.
May 28, 2025
Mayor of Nam-gu, Busan
1. Type and name of the maintenance project
a. Type: Reconstruction Maintenance Project
b. Name: Housing Reconstruction Maintenance Project in Daeyeon District 4
2. Location and area of the maintenance project execution district
a. Location: 1808 Daeyeon-dong, Nam-gu, Busan
b. Area: 58,191.30㎡
3. Name and address of the project executor
a. Name: Daeyeon District 4 Housing Reconstruction Maintenance Project Association (Chairperson: Koo Gi-ok)
b. Address: 488 Hwangnyeong-daero, Nam-gu, Busan, 2nd Floor (Daeyeon-dong, Wonja Building)
4. Details of completion approval
a. Building facilities (Apartment and auxiliary welfare facilities)
| Classification | Content |
| Site Area | 51,812.00㎡ |
| Total Floor Area | 226,208.3522㎡ |
| Building Area | 8,593.0370㎡ |
| Number of Units | 1,384 Units |
| Number of Buildings/Floors | 8 Apartment Buildings and 1 Commercial Facility, 3 Basement Floors/43 Floors Above Ground |
| Use | Apartment (Residential) and Auxiliary Welfare Facilities, Commercial Facilities |
b. Urban planning facilities
1. Road
2. Plaza
3. Small Park
4. Scenic Greenery
c. Maintenance infrastructure facilities
1. Road
| Type of Facility | Location | Width (m) | Length (m) | Area (㎡) |
| Road | Area around 1808-4 Daeyeon-dong | 3 | 24.7 | 71.4 |
5. Date of completion approval: May 23, 2025.
Classification
Announcement
Agency Classification
Gu/City
Agency
Nam-gu
Announcement/Notice Number
No. 2025-67
Title
Approval Announcement of the Housing Reconstruction Maintenance Project in Daeyeon District 4
Date
May 28, 2025
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