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Title'21 billion' Haeundae central commercial district building, up for sale... Sales advisory Remax Heritage2025-06-24 15:04
Writer Level 10
A commercial property located in the central commercial area of Haeundae-gu, Busan Metropolitan City, is for sale. It is evaluated as a key location with high scarcity due to its geographic centrality and liquidity. Another advantage is its excellent price competitiveness compared to similar assets in the market. Considerable demand is expected in that rental yields can be increased depending on the operating strategy.

According to the relevant industry on the 19th, 'Saesam Building' located at 1485-1, Jwadong, Haeundae-gu, Busan Metropolitan City is looking for a buyer. The asking price has been set at 21 billion won. RE/MAX Heritage is in charge of the sale advisory.


Saesam Building has a land area of 1097㎡, a total floor area of 9555㎡, 3 underground floors and 9 above-ground floors, and was approved for use in March 1999. The building-to-land ratio and floor area ratio are 71.79% and 643.04%, respectively. It is a complex building consisting of neighborhood living facilities and office facilities. Residents and visitors can use the 3 underground floor parking lot, which is very convenient.



The area of Jwadong, Haeundae-gu, Busan, where Saesam Building is located, is receiving a lot of attention because it is located in the core of the main street in the Haeundae central commercial district. It is an area where middle and upper income households are concentrated. It is a 2-minute walk from Jangsan Station on Busan Subway Line 2, so it has excellent accessibility by public transportation or car. Currently, there are very few central commercial district buildings that can be sold in their entirety, so it is a rare situation.

It is also highly evaluated for its high future floor area ratio and the close proximity of the surrounding large-scale apartment complexes. It is a self-sufficient residential area centered on large-scale apartment complexes, and has a high population density. Various convenience facilities such as NC Department Store, Lotte Cinema, banks, and academy districts are located nearby, making it highly convenient for work.

Based on the floating population, it is drawing attention as a building that can be leased for various businesses such as offices, hospitals, academies, financial institutions, and franchise stores. Currently, stores leased in Saesam Building include Saemaeul Geumgo, SK Magic, Talent Education, Coway, and Olive Fashion. Due to the characteristics of the commercial district where various demands are mixed, the risk of vacancy is also considered low.

In addition, it has the advantage of being able to secure price competitiveness compared to similar assets in the market. The average price of Saesam Building, which can be operated as a full-scale rental, is known to be relatively undervalued. Accordingly, it is possible to increase the value of the building in the long term, and stable operation based on rental income is also possible.

A market official said, "It is a structure that can increase rental yields depending on the operating strategy," and "It is possible to maximize yields through customized MD configuration and repositioning by floor or unit."

Panoramic view of Saesam Building in Busan Metropolitan City, which has begun the sale process

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