Gangdong-gu Seongnae-dong 455 Building Sale Case Analysis (As of September 2025)
Sale Overview
- Location: 455 Seongnae-dong, Gangdong-gu, Seoul (Near Gangdong-gu Office Station, Semi-residential Area)
- Transaction Date: July 2019
- Sale Price: 4.35 billion KRW
- Land Price: 36.68 million KRW per pyeong
- Land Area: 392㎡ (118.58 pyeong)
- Total Floor Area: 231.64㎡ (70.07 pyeong)
- Floors: B1 ~ 5F
- Completion Year: December 20, 1989
- Road Conditions: 8m × 6m corner
- Official Land Price: Approx. 19.56 million KRW per pyeong (Approx. 1.88 times the land transaction price)
Key Features
- Location: Located in a semi-residential area near Gangdong-gu Office Station, allowing for mixed commercial and residential use. Its corner location provides excellent visibility and accessibility.
- Building Characteristics: A small building (Kkoma Building) completed in 1989, suitable for neighborhood living facilities or small offices. Due to its age, renovation would be necessary to increase its value.
- Investment Appeal: The 2019 transaction price of 36.68 million KRW per pyeong was within the average range for semi-residential areas in Gangdong-gu (35-45 million KRW), considered a reasonable deal. As of 2025, prices for small buildings in Seongnae-dong have risen to 45-55 million KRW per pyeong, with an estimated current re-evaluation value of approximately 5-5.5 billion KRW. An estimated rental yield of 4-5% is expected.
- Commercial Area Analysis: Seongnae-dong is an active commercial area within Gangdong-gu, with stable demand for shops and offices around Gangdong-gu Office Station. Building transactions in Gangdong-gu increased by 7% in the first half of 2025, and continued value appreciation is expected due to redevelopment prospects (Amsa and Godeok districts).
Additional Information and Investment Considerations
- Inquiries: For detailed information and in-depth commercial analysis, it is recommended to consult with a real estate expert.
- Investment Tips: When investing in Kkoma buildings, consider stable rental demand (neighborhood living facilities, offices), and renovation can maximize rental yields. Legal review (for change of use, taxes) and thorough profitability analysis are essential.
- Disclaimer: This analysis is based on 2019 transaction data, and current market prices in 2025 may fluctuate according to market conditions. Always refer to the latest actual transaction prices through official government systems.
Such in-depth analysis of sales cases will be of great help in making real estate investment decisions. Please feel free to ask if you have any further questions or require additional information.
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