Live Deal Pipeline
Deal detail
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Development SiteNEWPublished real estate deal
Haeundae U-dong Development Site
Rare development site in a general commercial zone within walking distance of Haeundae Station and Haeundae Beach
| Asset type | Development Site |
|---|---|
| Location | 636-9 U-dong area, Haeundae-gu, Busan |
| Area | Site area: 4,609.3 sq m (approximately 1,394 pyeong) |
| Asking | Open (negotiable) |
| Target buyer | Developers and investors seeking hotel, serviced residence or officetel development in Haeundae |
Investment highlights
- Rare site about five minutes' walk from Haeundae Station and near Haeundae Beach, in a general commercial zone dense with luxury hotels and retail
- Building permit at near the statutory floor area ratio limit (1,199.95%) and existing structures demolished, allowing immediate construction
- Hotel and officetel uses can be considered under the district unit plan
Deal partner
Hyungjoo Kim, Partner