Busan Raemian I'Park Raecounty Resale Application Schedule and Price for 3 Cancelled Units

Raecounty, a massive 4,470-unit apartment complex in Geoje-dong, Yeonje-gu, Busan, is currently drawing significant attention as it opens applications for three units that were cancelled due to illegal activities. This complex, a collaboration between Samsung C&T, DL E&C, and HDC Hyundai Development Company, began occupancy in September 2024 and is considered a new construction in its second year as of 2026. Notably, its market value surged from an initial sale price of approximately 600 million KRW in 2020 to a real transaction price of 1.07 billion KRW in 2026, demonstrating substantial capital gains within four years.

The resale offering includes three units of 84㎡ (approximately 34 pyeong), specifically two 84㎡A units and one 84㎡B unit, which are highly preferred by the public. The application period is set for June 1, 2026, with winner announcements on June 8 and contract signing on June 16. The resale prices for the 84㎡ units range from 598 million KRW to 662 million KRW. Raecounty boasts excellent transportation access, being a double-station area with both Comprehensive Sports Complex Station on Busan Metro Line 3 and Geoje Station (transfer to Donghae Line) nearby. It also offers a strong educational environment, with Changsin Elementary School and the Sajik-dong private academy district in close proximity.

Local bloggers describe Raecounty as a mini-신도시 (new town) that sets a new standard for Yeonje-gu, Busan. They highlight its impressive scale of 4,470 units and a low building-to-land ratio of 13%, which allows for spacious inter-building distances, extensive landscaping, and robust community facilities. The fact that there were more general sales units than cooperative member units is also seen as a strength, indicating a resident composition primarily focused on actual demand. Bloggers anticipate high competition for this resale application, viewing it as a critical juncture where the large-scale supply has been absorbed, transitioning the complex into a phase of increased scarcity.