Analysis of 25.1 Billion KRW Corner Building Transaction Near Nine One Hannam: Investment Shift from Seocho to Hannam? (ft. Quasi-Residential Area, Redevelopment Benefits, Hannam 3 District)
Two corner buildings located directly in front of the luxury residential complex "Nine One Hannam" in Hannam-dong, Yongsan-gu, Seoul, were sold for 25.1 billion KRW, drawing significant attention from investors.
- What makes this 1979-constructed building noteworthy?
- Can this Hannam-dong corner building, sold for 25.1 billion KRW, be a "golden goose"?
- What is the underlying reason for the investment shift from Seocho to Hannam?
- Let's delve into the secrets of this successful corner building investment.
"Premium Location" in Front of Nine One Hannam, Securing High-End Residential Demand
The buildings, located at 634-1 and 634-14 Hannam-dong, are situated in an area densely populated with luxury residential complexes like Nine One Hannam, Hannam the Hill, and UN Village, as well as embassies. This prime location secures high-spending residential demand and promises stable rental income. The corner buildings, nestled in a luxurious residential area comparable to Gangnam, significantly enhance investment value.
- High-End Residential Complex: Securing stable background demand
- High-Spending Area: Promising high rental income
- Premium Location: Comparable value to Gangnam
Hannam 3 District Redevelopment Benefits, Boosting Expectations for Future Value Growth
The Hannam-dong area is anticipated to see increased future value due to the Hannam 3 District redevelopment project. This large-scale development project, with Hyundai Engineering & Construction as the builder and an estimated project cost of 1.8 trillion KRW, is expected to improve the surrounding environment and positively impact the real estate market upon completion. The 25.1 billion KRW corner building, located in a quasi-residential area, is eligible for independent development, providing advantages during redevelopment. This redevelopment benefit, like "investing in the future," is a crucial factor for long-term, high-return investments.
- Hannam 3 District Redevelopment: High expectations for future value
- Improved Surroundings & Commercial District Revitalization: Increased real estate value
- Independent Development Possible: Advantages during redevelopment
Hannam Ogori & Soonchunhyang University Hospital Commercial Area, A 24-Hour Vibrant "Hot Place"
These corner buildings boast excellent accessibility, located on the moving line connecting Hannam Ogori to Soonchunhyang University Hospital and Itaewon Station. Positioned at a corner intersection on a two-lane road, the buildings are configured with commercial facilities on all floors, maximizing advertising impact with their broad road frontage. Notably, with a Starbucks in front and various commercial facilities like cafes, restaurants, and clothing shops in the vicinity of the Seorae Village commercial area entrance, these buildings secure ample foot traffic. The Hannam Ogori & Soonchunhyang University Hospital commercial area, like a "hot place," is vibrant 24 hours a day.
- Excellent Accessibility: Hannam Ogori & Soonchunhyang University Hospital commercial area
- 24-Hour Vibrancy: High foot traffic
- Hot Place: Diverse businesses
"Seocho→Hannam" Investment Shift? High-End Commercial Area Investment Boom
Recently, an investment shift from Seocho to Hannam has been observed in the Gangnam real estate market. This trend is attributed to the surge in real estate value in the Hannam-dong area following the Nine One Hannam occupancy and the anticipated further appreciation upon the Hannam 3 District redevelopment completion. The 25.1 billion KRW corner buildings, located in a high-end residential and embassy-dense area, are recognized for their investment value in the heart of a high-end commercial district. Hannam-dong, like "Luxury Town No. 1," is undergoing a transformation into a high-end residential and commercial hub, driving a real estate investment boom.
- "Seocho→Hannam" Investment Shift: Formation of a wealthy neighborhood
- Proximity to High-End Residential Complexes: Expectations for high appreciation
- Luxury Town No. 1: Increased investment attractiveness #SeoulRealEstate #RealEstateMarket #Gangnam
