Gangnam-gu Cheongdam-dong 84-19 Building Sale Case Analysis (As of September 2025)
Sale Overview
- Location: 84-19 Cheongdam-dong, Gangnam-gu, Seoul (Near Apgujeong Rodeo Station, 3rd Class General Residential Zone)
- Transaction Date: July 2019
- Sale Price: 7.8 billion KRW
- Land Price: 99.48 million KRW per pyeong
- Land Area: 259.2㎡ (78.41 pyeong)
- Total Floor Area: 698.17㎡ (211.20 pyeong)
- Floors: B1 ~ 5F
- Completion Year: October 12, 2000
- Road Conditions: 4m × 4m corner
- Official Land Price: Approx. 53.06 million KRW per pyeong (Approx. 1.87 times the land transaction price)
Key Features
- Location: Situated near Apgujeong Rodeo Station, within Cheongdam-dong's luxury commercial district. As a 3rd Class General Residential Zone, it allows for a mix of residential and commercial uses with abundant floating population.
- Building Characteristics: A Kkoma Building completed in 2000, suitable for high-end offices or boutique stores. Its corner location provides excellent visibility, and renovation is expected to further increase its value.
- Investment Appeal: The 2019 transaction price of 99.48 million KRW per pyeong was considered a high-value transaction within the average price range for Cheongdam-dong (90-120 million KRW). As of 2025, prices for small buildings in Cheongdam-dong have risen to 120-150 million KRW per pyeong, with an estimated current re-evaluation value of approximately 9-10 billion KRW. An estimated rental yield of 3-4% is expected.
- Commercial Area Analysis: Cheongdam-dong is renowned as a luxury commercial district, with strong demand for high-end shops and offices. Building transactions in Gangnam-gu increased by 8% in the first half of 2025, and continued value appreciation is expected due to Cheongdam-dong redevelopment prospects.
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, leverage high-end rental demand (boutiques, 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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