Building with 'New Construction Site' Worth 1.33 Billion KRW in Busan Jangjeon Station Area Spotted! Investment Value 'UP'
An old single-story building located in the ultra-station area of Jangjeon-dong, Geumjeong-gu, Busan, has been sold for 1.33 billion KRW. In the real estate industry, considering that this building is an old and low one-story building, it is analyzed as a purchase for new construction and is expected to have high investment value in the future. In particular, with excellent road conditions at a three-way corner and planned development benefits in the surrounding area, it is evaluated that there is a high possibility of becoming a landmark building after new construction.
In this article, we will analyze the detailed transaction details of the building in Jangjeon-dong, Geumjeong-gu, Busan, and take an in-depth look at the attractiveness of a building in a station area three-way corner as a new construction site and the surrounding development benefits. Considering the locational advantage near Busan National University, we will explore the investment value of this building in detail.
Analysis of Detailed Transaction Details of the 1.3 Billion KRW Building in Jangjeon-dong, Geumjeong-gu, Busan
The building that was sold this time is located at 109-4, Jangjeon-dong, Geumjeong-gu, Busan, and is located in the station area very close to Jangjeon Station on the Busan Subway. It was transacted for 1.33 billion KRW in January 2025, and the land price was set at 11.19 million KRW.
- Location: 109-4, Jangjeon-dong, Geumjeong-gu, Busan
- Subway Station: Jangjeon Station
- Transaction Date: January 2025
- Transaction Price: 1.33 billion KRW
- Land Price (per pyeong): 11.19 million KRW
- Land Area: 118.82 pyeong (392.8㎡)
- Building Area: 69.58 pyeong (230.00㎡)
- Zoning: Type 2 General Residential Area
- Floors: 1 Above-Ground Floor
- Road Conditions: Three-way corner with 6m * 6m * 6m roads
- Year of Completion: 1977.07.27
- Officially Assessed Land Value: Approximately 7.34 million KRW
- Land Price vs. Officially Assessed Land Value: Approximately 1.53 times
Optimal Conditions as a New Construction Site: Station Area, Three-Way Corner, Large Site
The biggest attraction of this building is the large site located in the Jangjeon Station area and the excellent road conditions at a three-way corner. Station areas close to subway stations have a high floating population, so high demand can be expected for both commercial and residential facilities. In particular, a three-way corner with roads in three directions can secure excellent visibility and accessibility during new construction, making it very advantageous for use in various ways.
- Large Site Area: Expandable Scale of New Construction Building
- Excellent Visibility: Utilization for Various Purposes
Surrounding Development Boost: Expectations for Future Value Appreciation with Public Housing Complex Project
The Jangjeon-dong area is at the center of various development projects promoted by Busan City. In particular, a public housing complex project is planned near the Guseo 1-dong Community Service Center, and when this project is completed, it is expected that the surrounding area will improve the residential environment and increase real estate values.
- Public Housing Complex Project: Improvement of Residential Environment
- Development Boost: Catalyst for Increasing Real Estate Value
Adjacent to Busan National University: Easy to Secure Abundant Rental Demand
This building is located close to Busan National University, so high residential demand can be expected. There is constant rental demand around university areas, such as students and faculty members, which provides investors with stable rental income.
- Near Busan National University: Stable Rental Income Base
Conclusion: Building in Busan Jangjeon Station Area, an Investment Destination Expected to Generate High Profits through New Construction
This 1.33 billion KRW building located in the Jangjeon Station area of Jangjeon-dong, Geumjeong-gu, Busan, is an attractive investment destination with excellent location conditions, surrounding development benefits, and abundant rental demand. Although it is an old single-story building, the rarity of a large site and a three-way corner opens up the possibility of generating high profits through new construction. If you are looking for real estate investment in the Busan area, especially new construction sites, it is worth paying attention to this building in the Jangjeon Station area.
※ Transaction Details
- Location: 109-4, Jangjeon-dong, Geumjeong-gu, Busan
- Subway Station: Jangjeon Station
- Transaction Date: January 2025
- Transaction Price: 1.33 billion KRW
- Land Price (per pyeong): 11.19 million KRW
- Land Area: 118.82 pyeong (392.8㎡)
- Building Area: 69.58 pyeong (230.00㎡)
- Zoning: Type 2 General Residential Area
- Floors: 1 Above-Ground Floor
- Road Conditions: Three-way corner with 6m * 6m * 6m roads
- Year of Completion: 1977.07.27
- Officially Assessed Land Value: Approximately 7.34 million KRW
- Land Price vs. Officially Assessed Land Value: Approximately 1.53 times