Table of Contents
- Introduction to Seomyeon Summit The New
- Information about Seomyeon Summit The New Complex
- Location, Transportation, and Living Infrastructure of Seomyeon Summit The New
- Intermediate Payment, Sale Price, Expansion Cost, and Contract Deposit of Seomyeon Summit The New
- Conclusion on Seomyeon Summit The New
- Frequently Asked Questions (FAQ)
Introduction to Seomyeon Summit The New
'Seomyeon Summit The New', located in the heart of Seomyeon, Busan, is a high-rise residential complex built at the former NC Department Store site, reaching up to 47 floors.
The premium brand 'Summit' from Daewoo Engineering is applied, providing not only a living space but also symbol and value.
This large mixed-use complex is being offered for the first time in a decade in Seomyeon, with the dense transportation, commercial, work, and education infrastructure being a significant advantage of this complex. These elements combined have attracted much interest in Seomyeon Summit The New.
Information about Seomyeon Summit The New Complex
The location of Seomyeon Summit The New corresponds to 668-1 Jeonpo-dong, Busanjin-gu, Busan. This complex is structured from 8 basement floors to 39-47 above ground, including a total of 919 units across 4 buildings.
The units offered vary in size, comprising 165 units of 84㎡A type, 142 units of 84㎡B type, 142 units of 122㎡, 264 units of 131㎡ (including A, B, C, and T types), 40 units of 136㎡ (including A, B, C, D types), and 166 units of 147㎡, focusing on medium and large sizes.
Moreover, a total of 1,632 parking spaces are provided within the complex, allowing for approximately 1.77 parking spaces per unit, creating a convenient environment for residents. This is an excellent parking condition for urban mixed-use complexes, contributing to enhanced living convenience.
Both the project and construction companies are Daewoo Engineering, promising brand reliability recognized nationally.
Location, Transportation, and Living Infrastructure of Seomyeon Summit The New
Seomyeon Summit The New is located in the Seomyeon living area, the commercial center of Busan, with convenient access to transportation, living, and educational infrastructure all nearby. This complex is within walking distance of Seomyeon Station, a transfer station for subway lines 1 and 2, and Bujeon Station, a transfer station for the Donghae Line and Line 1, embodying the advantages of a 'double triple station area'.
Additionally, thanks to the nearby Central Road BRT line, public transport is easily accessible, and moving throughout Busan is effortless via major road networks like Dongseo Overpass and Hwangnyeong Tunnel. Thus, Seomyeon Summit The New provides an ideal living environment based on excellent transportation convenience.
Busan's living infrastructure is recognized as being at a high standard across the country. Various commercial facilities, including Lotte Department Store, NC Department Store, Jeonpo Cafe Street, Seomyeon Market, and Bujeon Market, are grouped together for convenient shopping and dining.
Moreover, several culture and convenience facilities, such as Busan Citizen Park, cinemas, and large hospitals, are available, enhancing the convenience of citizens' lives.
On the educational front, schools such as Jeonpo Elementary, Dongseong Elementary, Busanjin Middle School, and Busan Dongseong High School are nearby, creating a favorable environment for children's education, and the proximity to Seomyeon Academy Street is another significant advantage.
Intermediate Payment, Sale Price, Expansion Cost, and Contract Deposit of Seomyeon Summit The New
The sale price of Seomyeon Summit The New averages around 33 million won per 3.3㎡. Looking at each type, the highest price for the 84㎡A type is 1.13 billion won (above 45 floors), the 122㎡ type is 1.6895 billion won (40th-44th floors), and the 147㎡ type is 2.1668 billion won (above 45 floors).
On the other hand, the lowest sale price for the 5th to 9th floor of the 84A type is set at 984.3 million won. This price range will be an important reference in the Seomyeon real estate market.
The contract conditions are as follows. The contract deposit of 5% is paid in two installments, and the 60% intermediate payment is possible with an interest-free loan, reducing the initial financial burden. The remaining balance is to be paid 35% upon move-in. These conditions can be advantageous for investors.
Balcony expansions are provided at no additional cost, already incorporated into the sale price. Furthermore, various paid options such as system air conditioning can also be selected.
While the set sale price may act as a burden compared to surrounding new complex developments, careful decisions are required considering the rarity of the location and future value.
Conclusion on Seomyeon Summit The New
Located in Seomyeon, Busanjin-gu, Summit The New boasts attraction as a transportation, commercial, and cultural center. However, congestion in the urban center and high living costs can act as drawbacks.
Although there are several schools nearby, it may not be sufficient to be rated as a traditional prestigious academic area. Furthermore, being part of a commercial district, the complex's complicated environment can negatively impact children's education.
The price in the recent sale market has been considerably higher compared to surrounding complexes. For instance, Seomyeon I-Park (approximately 600-700 million won for 84㎡) and The Sharp Central Star (approximately 500-600 million won for 109㎡) exemplify this fact.
Also, despite high sale price controversies, Blang Summit successfully completed its sales. This indicates that there is sufficient market demand for high-end complexes.
The upcoming development of the Bujeon Station transfer center may potentially increase property values in the long run. This area is a non-regulatory zone, with a short resale restriction of 6 months and no re-application limitations, which is a positive factor for investors.
In conclusion, Seomyeon Summit The New offers great advantages in providing a convenient residential environment in the center of Busan. However, the higher sales price compared to surrounding prices raises questions about the rate of asset value increase from a long-term investment perspective. A careful assessment of how much future development incentives affect the sale price is required at this point.
Sale Price of Seomyeon Summit The New
The price for the 84㎡A type starts from 984.3 million won for floors 5-9, reaching up to 1.1339 billion won for floors above 45. In addition, the 147㎡ type is expected to reach 2.1668 billion won for floors above 45.
84A type:
984,300,000 won ~ 1,133,900,000 won
84B type:
997,200,000 won ~ 1,131,600,000 won
122 type:
1,414,300,000 won ~ 1,689,500,000 won
131A type:
1,534,300,000 won ~ 1,841,900,000 won
131B type:
1,739,200,000 won ~ 1,829,800,000 won
131C type:
1,513,400,000 won ~ 1,717,500,000 won
131A-T type:
1,679,700,000 won ~ 1,755,200,000 won
131B-T type:
1,711,100,000 won ~ 1,788,000,000 won
136A type:
1,707,700,000 won ~ 1,784,500,000 won
136B type:
1,774,700,000 won ~ 1,854,400,000 won
136C type:
1,736,200,000 won ~ 1,814,300,000 won
136D type:
1,804,300,000 won ~ 1,885,400,000 won
147 type:
1,900,000,000 won ~ 2,166,800,000 won
Balcony Expansion Costs and Additional Options for Seomyeon Summit The New
Balcony expansions are provided free of charge for all units.
Additional paid options include an entrance door (2,340,000 won), specialized floor finishing options (hardwood flooring, 14,680,000 won for 84A), kitchen specialization (foreign brand kitchen furniture, 28,280,000 won for 84A), Miele electric oven (3,200,000 won), and system air conditioning (premium type for 6 locations, 9,800,000 won), allowing for personalization of the space according to individual preferences.
Floor Plans of Seomyeon Summit The New
Several plans featuring the latest 4Bay structure are provided, boasting a ceiling height of 2.5m for maximum openness.
Types ranging from 84㎡ to 147㎡ are available in a total of 13 types, broadening the selection options.
Some units feature terraces or protruding designs, offering even more unique spaces.
Layout of Seomyeon Summit The New
The layout utilizes a piloti design, allowing units from the 5th floor to correspond to the height of a typical 10th floor in ordinary apartments. This design ensures that even lower floor units benefit from excellent city views and sunlight access while enhancing personal privacy.
Seomyeon Summit The New Landscaping and Community
Special community facilities are provided for residents.
These include an indoor 3-lane swimming pool, a fitness center, a sauna, and a golf practice range, with a sky lounge located on the 47th floor that offers beautiful night views of Busan.
Subscription Schedule for Seomyeon Summit The New
The recruitment announcement for residents will be made on August 7, 2025. Special supply subscriptions will start on August 18, the first priority subscription will take place on August 19, and the second priority on August 20. The announcement of winners will be on August 26, with registration contracts planned for September 8-10 over three days.
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Frequently Asked Questions (FAQ)
Q. What is the location and scale of Seomyeon Summit The New?
Seomyeon Summit The New is located in Jeonpo-dong, Busanjin-gu, and consists of a high-rise mixed-use complex with 4 buildings and 919 units.
Seomyeon Summit The New is located at 668-1 Jeonpo-dong, Busanjin-gu, Busan. It is a large mixed-use complex consisting of 4 buildings structured from 8 basement floors to 39-47 above ground, with a total of 919 units. A variety of medium and large unit sizes are offered ranging from 84㎡ to 147㎡, and it features a total of 1,632 parking spaces, allowing for about 1.77 parking spaces per unit, creating a convenient living environment.
Q. What are the transportation and living infrastructure like at Seomyeon Summit The New?
It is located near Seomyeon Station and Bujeon Station, with excellent access to public transport and various living conveniences.
This complex is situated in a 'double triple station area', close to Seomyeon Station, a transfer station for subway lines 1 and 2, and Bujeon Station, a transfer station for the Donghae Line and Line 1, which can be accessed on foot. The adjacent Central Road BRT line and major road networks make it easy to travel throughout Busan. Commercial facilities such as Lotte Department Store, NC Department Store, and Jeonpo Cafe Street are nearby, as well as cultural facilities like Busan Citizen Park, hospitals, and schools, providing excellent living and educational infrastructure.
Q. What are the sale prices and contract conditions for Seomyeon Summit The New?
The average price is approximately 33 million won per 3.3㎡, with a contract deposit of 5%, and the intermediate payment of 60% can be provided through an interest-free loan, reducing the initial burden.
The sale price ranges from 984.3 million won (5th-9th floors) for the 84㎡A type to 1.1339 billion won (above 45 floors), while the 147㎡ type reaches 2.1668 billion won (above 45 floors). The contract deposit is 5% paid in two installments, and the 60% intermediate payment is available through an interest-free loan, which alleviates the initial financial burden. The remaining balance is to be paid at 35% upon occupancy.
Q. What expansions and options are offered at Seomyeon Summit The New?
Balcony expansions are provided for free, and there are paid options available such as entrance doors, specialty flooring, specialized kitchens, and system air conditioning.
Balcony expansions are provided without additional cost for all units and included in the sale price. Paid options available for selection include an entrance door costing 2,340,000 won, specialized flooring like hardwood (1,468,000 won for the 84A type), specialized kitchen furniture from foreign brands (2,828,000 won), Miele electric oven (320,000 won), and system air conditioning (980,000 won), allowing residents to personalize their spaces according to their preferences.
Q. What are the advantages and disadvantages of Seomyeon Summit The New, and what is the investment outlook?
The central location and convenient living environment are advantages, but the high sale price is a burden, while development projects at Bujeon Station can increase investment value.
Seomyeon Summit The New is located in the transportation, commercial, and cultural center of Seomyeon, Busanjin-gu, providing a convenient living environment. However, urban congestion and high living costs, along with insufficient recognition as a prestigious academic district, must be considered as drawbacks. While the sale price is higher than nearby complexes, the development of the Bujeon Station transfer center and other long-term development opportunities could increase property value, necessitating careful investment decisions.
