Table of Contents
- Introduction to Ssangyong The Platinum Seomyeon
- Information about Ssangyong The Platinum Seomyeon Complex
- Location, Transportation, and Living Infrastructure of Ssangyong The Platinum Seomyeon
- Interim Payment, Selling Price, Expansion Costs, and Deposit of Ssangyong The Platinum Seomyeon
- Comparison of Market Prices of Surrounding Complexes of Ssangyong The Platinum Seomyeon
- Conclusion of Ssangyong The Platinum Seomyeon
- Frequently Asked Questions (FAQ)
Introduction to Ssangyong The Platinum Seomyeon
Ssangyong The Platinum Seomyeon, located at 677 Bujeon-dong, Busanjin-gu, Busan, is a high-rise residential complex consisting of 432 units with an exclusive area of 84㎡ across three buildings, ranging from 5 stories underground to 48 above ground. This project is being developed under Ssangyong Construction's 'The Platinum' brand, led by Hana Asset Trust for the implementation and Ssangyong Construction for the construction.
Busanjin-gu is a non-regulated area, significantly benefiting from relaxed requirements for subscriptions, transfer, and actual residency. This is expected to provide attractive opportunities for both actual users and investors. Additionally, with various development prospects, the future value is likely to rise even further.
The project is set to complete the subscription process through changes in the housing construction plan, leading to considerable interest.
Information about Ssangyong The Platinum Seomyeon Complex
A new apartment complex will be established in the area of 677 Bujeon-dong, Busanjin-gu, Busan. This complex is structured from 5 underground stories to 48 above ground, made up of a total of three buildings.
There are 432 units, with type 84A having 252 units, and types 84B and 84C each having 90 units. The parking space can accommodate a total of 513 vehicles, with 473 for the apartments, 36 for the office residences, and 2 for the neighborhood facilities.
The project is implemented by Dooyoung A&D Co., Ltd and Hana Asset Trust, with construction performed by Ssangyong Construction Co., Ltd. The complex is designed to provide a convenient living space for local residents.
Ssangyong The Platinum Seomyeon is located at the center of Seomyeon, Busan, and consists of a single type of 84㎡, giving it excellent marketability. Designed as a high-rise structure with a maximum of 48 stories, some units offer views of the city and North Port, making it a potential landmark apartment.
Location, Transportation, and Living Infrastructure of Ssangyong The Platinum Seomyeon
Ssangyong The Platinum Seomyeon is an ultra-transportation zone apartment complex located just a 3-minute walk from Bujeon Station on Busan Subway Line 2. Furthermore, Seomyeon Station, where Lines 1 and 2 intersect, is also nearby, enhancing transportation convenience.
In addition, the BRT route along Jungang-daero offers easy access throughout Busan, and accessibility to major road networks such as the Dongseo Overpass and Gwangan Road is also excellent. The diverse transportation connections create a very favorable comprehensive traffic environment.
The Seomyeon area has excellent living infrastructure, with large shopping centers such as Lotte Department Store, E-Mart Traders, and NC Department Store, as well as popular commercial areas like Bujeon Market and Jeonpo Cafe Street located nearby.
Moreover, Bujeon Elementary School is located across Shincheon-daero, providing safe walking routes for children.
Busan Citizen Park and Song Sang-hyeon Square are also close by, offering a pleasant natural environment for residents.
Situated as a standalone complex separated from Shincheon-daero, there may be limitations to future location improvements. Additionally, some units near the Dongseo Overpass may experience noise issues.
Interim Payment, Selling Price, Expansion Costs, and Deposit of Ssangyong The Platinum Seomyeon
The selling price of Ssangyong The Platinum Seomyeon varies by floor and type, ranging from a minimum of 577.5 million won to a maximum of 699.7 million won.
Specifically, for each type, the price for the 84A type ranges from 586.3 million won to 699.7 million won, the 84B type ranges from 586.3 million won to 629.6 million won, and the 84C type ranges from 577.5 million won to 682.3 million won.
As a result, since the selling prices are varied by type, buyers can choose according to their budget and preferences.
Upon entering into a contract, a deposit of 10% of the total amount must be paid. The first deposit of 10 million won is paid in full, and the remaining amount is transferred within 15 days. The interim payment of 60% can be supported by a loan on an interest payment deferral basis, reducing the initial financial burden. The final 30% balance is to be paid on the occupancy date.
The balcony expansion cost is uniformly set at 30 million won for all types, and the supply cost for system air conditioning (maximum installation) is 7.8 million won. Additionally, various optional features can be selected.
Although the selling price for recently sold apartments in Busan for the 84 type is seen as relatively low at about 600 million won, the expansion cost of 30 million won and the high floors proceeding on an interest payment deferral basis may lead the final selling price to exceed mid-700 million won.
Comparison of Market Prices of Surrounding Complexes of Ssangyong The Platinum Seomyeon
The selling price of 'Ssangyong The Platinum Seomyeon', including the balcony expansion cost, reaches approximately 607.5 million won to 729.7 million won. This is similar to or slightly higher than the recent transaction price of 663 million won for the latest apartment 'Seomyeon Lotte Castle Eluce' (completed in 2023). This pricing reflects its value as a completely newly built apartment slated for occupancy in 2029, taking into account potential construction cost increases.
Moreover, comparing it to the nearby established apartment 'Seomyeon e-Pyeonhansesang' (completed in 2006) at a price range of 500 million won, the market's expectations and price premium for newly built apartments in the Seomyeon central living area are clearly highlighted. This can be seen as evidence of high demand for new apartments.
In conclusion, the selling price of 'Ssangyong The Platinum Seomyeon' can be viewed as a reasonable pricing considering the assumption that the real estate market will change positively, taking into account future values four years later. It is anticipated that these factors will further enhance the investment value of this complex.
Conclusion of Ssangyong The Platinum Seomyeon
Ssangyong The Platinum Seomyeon, located in Busanjin-gu, is in a non-regulated area with a transfer restriction period of only 6 months. This presents attractive conditions for both investors and actual users as there are no residency requirements or restrictions on re-application. Particularly, the Seomyeon area has large-scale development prospects, such as the relocation of the Beomcheon Railroad Vehicle Maintenance Center, leading to expected long-term value increase. In this regard, Ssangyong The Platinum Seomyeon can be recognized as a noteworthy investment opportunity.
As recent selling prices are on the rise, considering the ultra-transportation zone location in the Seomyeon downtown area and the 'Ssangyong The Platinum' brand, the selling price seems appropriate.
However, it is essential to carefully plan finances, taking into account the fact that interim payments are made on an interest payment deferral basis and the costs of additional options. Furthermore, investors need to cautiously consider the limitations of the location surrounded by high-speed roads.
Ssangyong The Platinum Seomyeon Selling Price
The price for the 84㎡ type is set between a minimum of 577.5 million won and a maximum of 699.7 million won. The deposit is 10%, and the interim payment is 60%, which will be managed through an interest payment deferral.
Ssangyong The Platinum Seomyeon Balcony Expansion Cost, Additional Options
The balcony expansion cost is uniformly set at 30 million won across all types.
The cost for system air conditioning varies depending on the number of installations, ranging from 3.96 million won for 2 installations to 7.48 million won for 4 installations.
Additionally, the entrance middle door is priced at 1.98 million won, built-in refrigerator packages at 4.95 million won, and electric ovens at 550,000 won, along with multiple other paid options available.
Ssangyong The Platinum Seomyeon Floor Plan
Every unit is composed of a popular 84㎡ single type, adopting a basic 4-bay layout structure. The design differs between types in terms of ventilation structure, dressing room, and pantry space.
While the floor plans for Ssangyong The Platinum Seomyeon are all arranged in a 4-bay configuration, it should be noted that due to it being a mixed-use complex, the actual living area may feel somewhat limited. Types 84A and B each have 2 pantries, whereas type 84C has only 1 pantry, which could be structurally disadvantageous.
Type 84A is oriented to the south, while type 84B is arranged towards the east and west, indicating a relatively spacious design for spaces such as dressing rooms.
Layout of Ssangyong The Platinum Seomyeon
This high-rise building, designed with a maximum of 48 stories, offers an unobstructed view of the city. Depending on the building and direction, residents can expect to enjoy various stunning views such as Busan Citizen Park and North Port. However, some units located near the Dongseo Overpass may experience noise and privacy concerns, so it is crucial to visit the site for verification before applying.
Landscaping and Community of Ssangyong The Platinum Seomyeon
The complex features a variety of fitness facilities for residents, including a fitness center, GX room, and golf practice range, as well as community facilities for various age groups, such as shared childcare facilities, a community center, reading rooms, and kindergartens. These facilities will be operated and managed at the expense of residents post-occupancy.
Subscription Schedule for Ssangyong The Platinum Seomyeon
The announcement for resident recruitment will be made on June 27, 2025. Special supply will be conducted on July 7, the first subscription on July 8, and the second subscription on July 9. The announcement of winners is scheduled for July 15, with formal contracts to be conducted from July 28 to 30 for three days.
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Frequently Asked Questions (FAQ)
Q. What is the basic composition of the Ssangyong The Platinum Seomyeon apartment complex?
It is a high-rise residential complex with a total of 432 units, all with a single type of 84㎡, located in Bujeon-dong, Busanjin-gu.
Ssangyong The Platinum Seomyeon is a residential complex located at 677 Bujeon-dong, Busanjin-gu, Busan, consisting of a total of three buildings, ranging from 5 stories underground to 48 above ground. There are a total of 432 units with an exclusive area of 84㎡ divided into types 84A, 84B, and 84C. Especially, it is designed with a 4-bay layout structure, allowing practical use of space. This high-rise complex is constructed by Ssangyong Construction, with implementation by Hana Asset Trust.
Q. What is the transportation environment and location of Ssangyong The Platinum Seomyeon like?
It is an ultra-transportation zone just a 3-minute walk from Bujeon Station, making the transportation environment very convenient.
Ssangyong The Platinum Seomyeon is an ultra-transportation zone apartment complex located just a 3-minute walk from Bujeon Station on Busan Subway Line 2. Additionally, Seomyeon Station, where Lines 1 and 2 intersect, is close, providing excellent access to public transportation, and the BRT route along Jungang-daero allows easy access throughout Busan. Furthermore, accessibility to main road networks such as Dongseo Overpass and Gwangan Road is also good, leading to an excellent comprehensive traffic environment. This outstanding transportation environment will significantly enhance the convenience of living for residents upon occupancy.
Q. How is the selling price set?
The selling price ranges between 577.5 million won to 699.7 million won, varying by type and floor.
The selling price of Ssangyong The Platinum Seomyeon varies by type, but it is set between a minimum of 577.5 million won and a maximum of 699.7 million won. With an additional cost of 30 million won for balcony expansion and other optional feature costs such as system air conditioning, the final selling price can rise to mid-700 million won. Compared to nearby new apartments, it is at a similar or slightly higher level and is assessed as a reasonable pricing considering future value increases.
Q. What are the conditions for paying the interim payment and the deposit?
A deposit of 10% is paid with a fixed amount of 10 million won followed by the balance payment, and the interim payment of 60% is conducted through a loan on an interest payment deferral basis.
During the contract, a 10% of the total selling price is paid as a deposit. The first deposit of 10 million won is paid in full, and the remaining amount should be paid within 15 days. The interim payment of 60% can be funded through a loan with interest deferral support, decreasing the initial financial burden. The remaining 30% is to be paid on the occupancy date, making it a helpful condition for financial planning. It's essential also to consider the additional costs for the balcony expansion of 30 million won and other optional feature costs.
Q. What are the pros and cons of Ssangyong The Platinum Seomyeon from an investor's perspective?
As a non-regulated area, it has relaxed restrictions on transfers and actual residency, making it attractive for investors, but there are limitations in terms of expansion and concerns about some noise.
As Busanjin-gu is a non-regulated area, the requirements for subscription, transfer, and actual residency are relaxed, providing favorable conditions for both investors and actual users. Especially, the transfer restriction period is short at just 6 months, ensuring high liquidity and allowing diverse strategies without re-application restrictions. Furthermore, numerous development prospects in the Seomyeon area are expected to increase long-term values. However, the complex is isolated from Shincheon-daero, which may limit upward location growth, and some units near the Dongseo Overpass may face noise issues and concerns related to privacy, necessitating thorough site evaluations.
