Busan, South Korea’s bustling port city, has long been admired for its stunning beaches, modern infrastructure, and vibrant lifestyle. As the city continues to grow in popularity among locals and international residents alike, property prices have surged—especially in its most prestigious neighborhoods. In 2025, Busan is not only a hotbed of tourism and commerce but also home to some of the most luxurious and high-priced real estate in the country outside of Seoul.
Whether you’re considering moving to Busan, investing in property, or simply curious about the city’s elite districts, exploring the most expensive neighborhoods can give you insights into where the city’s wealthiest residents choose to live. From scenic coastal districts to high-rise urban centers, these ten neighborhoods represent the pinnacle of real estate in Busan today.
1. Marine City
When people think of luxury in Busan, Marine City is often the first place that comes to mind. Located in the Haeundae district, Marine City is a glittering waterfront area known for its towering skyscrapers, panoramic ocean views, and world-class amenities. In 2025, it remains the most expensive neighborhood in Busan, with property prices continuing to rise due to high demand and limited space.
The area boasts luxury condos such as the iconic “I’Park Marina” and “The Sharp,” both offering five-star living experiences with high-end security, fitness centers, rooftop gardens, and concierge services. Marine City’s location between Haeundae Beach and Suyeong Bay offers residents a peaceful coastal vibe while still being minutes away from top-tier shopping, restaurants, and nightlife.
2. Dalmaji Hill
Often called the “Montmartre of Busan,” Dalmaji Hill sits just east of Haeundae Beach and offers some of the city’s most romantic and artistic views. With a reputation for exclusivity, it’s home to artists, celebrities, and affluent locals who value privacy, beauty, and tranquility.
Dalmaji Hill is renowned for its cherry blossom-lined roads and panoramic ocean views. Houses here are typically detached villas or modernist mansions that blend with the natural landscape. Because of the limited number of properties and the premium placed on aesthetics and privacy, the real estate market here remains highly competitive and extremely expensive in 2025.
3. Centum City
Known as the largest shopping and lifestyle complex in Asia, Centum City is a symbol of Busan’s rapid modernization. This area within Haeundae-gu has become a high-demand zone not just for commercial real estate but also for upscale residential developments. With its close proximity to Shinsegae Centum City Mall, BEXCO convention center, and major tech firms, it’s a magnet for business professionals and wealthy families.
The residential buildings here are sleek, modern, and tech-integrated. High-rise apartments in Centum City come with premium security, smart home systems, and exclusive access to fitness and spa facilities. In 2025, new developments continue to push boundaries in terms of design and luxury, making this area one of the most expensive to live in.
4. Gwangalli Beachfront
While Haeundae Beach might steal the international spotlight, locals often consider Gwangalli Beach to be the heart of Busan’s coastal lifestyle. The beachfront here is lined with upscale cafés, trendy restaurants, and sleek apartment complexes that overlook the iconic Gwangan Bridge.
Real estate in Gwangalli is booming in 2025, thanks to the neighborhood’s vibrant social scene and breathtaking night views. The demand for apartments with ocean-facing balconies has driven up prices significantly. Moreover, the development of luxury hotels and fine-dining establishments nearby has added to the area’s allure, making it a hub for affluent millennials and entrepreneurs.
5. Namcheon-dong
Located within the Suyeong-gu district, Namcheon-dong is a refined and peaceful neighborhood that has increasingly drawn attention from high-income families and investors. Known for its prestigious schools and quiet residential streets, Namcheon-dong is considered one of Busan’s most livable and family-friendly neighborhoods.
In recent years, luxury apartment complexes and stylish new-build homes have replaced many older properties, and prices have soared accordingly. What makes Namcheon-dong particularly attractive is its balance between tranquility and convenience—it offers quick access to Gwangalli, Centum City, and downtown Busan without the hustle and bustle of those districts.
6. Millak-dong
Millak-dong, located just north of Gwangalli Beach, has evolved rapidly over the past decade. Once known mainly for the Millak Raw Fish Market, it has transformed into a trendy neighborhood popular with young professionals and creatives who want to be near the water without paying the absolute premium of Marine City or Dalmaji Hill.
The rise of upscale apartment complexes with beachfront access has made Millak-dong a contender in Busan’s luxury housing market in 2025. The nightlife and café culture in this area are thriving, and the blend of modern lifestyle and coastal views has led to rising property values that show no signs of slowing down.
7. Yeonsan-dong
Yeonsan-dong, located in Yeonje-gu, is known for its proximity to Busan’s financial and administrative centers. Though not a coastal neighborhood, its accessibility and infrastructure make it a high-value residential area, especially for professionals and government officials.
In 2025, Yeonsan-dong continues to attract high-net-worth individuals looking for convenience, modern housing, and easy transportation links. Luxury apartments here are known for their spacious interiors, smart technologies, and community features like rooftop parks, gyms, and private lounges. The area’s increasing gentrification is also bringing in gourmet restaurants and boutique stores, further enhancing its upscale vibe.
8. Seomyeon
Seomyeon is often described as the “Times Square of Busan.” Located in Busanjin-gu, it’s the city’s beating heart when it comes to shopping, entertainment, and nightlife. While traditionally more commercial, the residential real estate market in Seomyeon has seen dramatic price increases due to the rise of luxury serviced apartments and high-rise condos targeting urban dwellers who crave city life.
In 2025, the transformation of Seomyeon into a more livable area—with better pedestrian zones, green spaces, and smart infrastructure—has contributed to its skyrocketing real estate values. Living here means being in the center of everything, with luxury amenities right at your doorstep, which explains why young professionals and affluent couples are increasingly calling it home.
9. Oncheonjang
Famous for its natural hot springs, Oncheonjang in Dongnae-gu has a rich cultural heritage that is now being paired with modern, luxurious living. While historically considered a spa district, Oncheonjang has seen a renaissance in recent years, with high-end developments capitalizing on the area’s unique appeal.
The neighborhood offers a rare combination of wellness-focused living and upscale real estate. In 2025, many luxury condominiums and villas are designed with integrated wellness features, such as hot spring-fed bathtubs, meditation gardens, and thermal spa access. For retirees and professionals seeking both comfort and tradition, Oncheonjang is one of Busan’s most desirable—and expensive—places to live.
10. Minrak-dong
Not to be confused with Millak-dong, Minrak-dong is a quieter, more understated neighborhood that has quietly risen in prominence. Located near Suyeong River and just adjacent to both Gwangalli and Centum City, Minrak-dong benefits from prime positioning and serene surroundings.
What sets Minrak-dong apart is its elegant balance of accessibility, coastal charm, and community-focused development. In 2025, the area is home to several newly completed luxury apartment towers and riverside homes, offering both sea and park views. High-end schools and exclusive fitness centers round out the offerings, making it particularly attractive to well-off families looking for a long-term home.
Bottom line
As Busan continues to grow as a global city, its most prestigious neighborhoods reflect the diverse tastes and lifestyles of its wealthiest residents. From the sky-high towers of Marine City to the serene streets of Minrak-dong, each of these ten neighborhoods offers something unique, whether it’s ocean views, cultural richness, or cutting-edge urban living.
The competition for luxury property in Busan is fiercer than ever in 2025, and investors are eyeing these high-value areas for both personal and financial gain. Whether you’re a prospective buyer, a curious observer, or a future expat, exploring Busan’s most expensive neighborhoods offers a fascinating glimpse into the city’s evolving identity as South Korea’s second-most powerful economic and cultural hub.
