Mugunghwa (무궁화), Deokcheon-dong Apartment Prices & Recorded Sales

Mugunghwa (무궁화) at a glance

Mugunghwa (무궁화) is an apartment complex in Deokcheon-dong, Buk-gu, Busan with 85 homes. Completed 1983.07.

Mugunghwa (무궁화), 15 pyeong (approximately 49.6 m²; size category): latest recorded sale ₩141,000,000 (approximately US$105,689; ECB reference rate 2026-11-12) (contract 2024.09.13, floor 2); lowest asking price ₩110,000,000 (approximately US$82,452; ECB reference rate 2026-11-12) (listing snapshot 2026.11.13). Asking prices are not completed sales.

Richgo fair asking-price estimate for Mugunghwa 15 pyeong (44.13 m² exclusive), week of 2026-11-12: floors 1–1 ₩146M; floors 2–3 ₩151M–₩158M; floors 4–5 ₩151M–₩158M. Quick-sale level starts around ₩132M. 8 listings are currently open for this size. Asking prices are not completed sales.

Estimated 2026 holding tax for Mugunghwa 15 pyeong for a single-home owner living there: about ₩69.78K (property tax ₩69.78K, no comprehensive real estate tax). Richgo tax calculation based on the 2026 officially assessed value of ₩81.14M; holding-period and age deductions are not applied.

15 pyeong (approximately 49.6 m²; size category): sale estimate ₩135,630,000; jeonse deposit estimate ₩81,390,000. 16 pyeong (approximately 52.9 m²; size category): sale estimate ₩130,400,000; jeonse deposit estimate ₩84,970,000.

Nearby schools: Deokseong Elementary School, Garam Middle School, Gyeonghye Girls’ High School. Confirm current admission boundaries with the school.

USD amounts are indicative conversions using ECB reference rates, not transaction or bank exchange quotes.

Pyeong categories are converted approximately to square meters; check the floor plan for the exact exclusive area.

Frequently asked questions

What are the latest sale and asking prices?

Mugunghwa (무궁화), 15 pyeong (approximately 49.6 m²; size category): latest recorded sale ₩141,000,000 (approximately US$105,689; ECB reference rate 2026-11-12) (contract 2024.09.13, floor 2); lowest asking price ₩110,000,000 (approximately US$82,452; ECB reference rate 2026-11-12) (listing snapshot 2026.11.13). Asking prices are not completed sales.

What are the sale and jeonse estimates by size?

15 pyeong (approximately 49.6 m²; size category): sale estimate ₩135,630,000; jeonse deposit estimate ₩81,390,000. 16 pyeong (approximately 52.9 m²; size category): sale estimate ₩130,400,000; jeonse deposit estimate ₩84,970,000.

Where is this apartment complex and how many homes are there?

Mugunghwa (무궁화) is an apartment complex in Deokcheon-dong, Buk-gu, Busan with 85 homes. Completed 1983.07.

Which schools are nearby?

Nearby schools: Deokseong Elementary School, Garam Middle School, Gyeonghye Girls’ High School. Confirm current admission boundaries with the school.

What is a fair asking price here?

Richgo fair asking-price estimate for Mugunghwa 15 pyeong (44.13 m² exclusive), week of 2026-11-12: floors 1–1 ₩146M; floors 2–3 ₩151M–₩158M; floors 4–5 ₩151M–₩158M. Quick-sale level starts around ₩132M. 8 listings are currently open for this size. Asking prices are not completed sales.

How much is the annual holding tax?

Estimated 2026 holding tax for Mugunghwa 15 pyeong for a single-home owner living there: about ₩69.78K (property tax ₩69.78K, no comprehensive real estate tax). Richgo tax calculation based on the 2026 officially assessed value of ₩81.14M; holding-period and age deductions are not applied.

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