Gangnam-gu Dogok-dong 418-2 Building Sale Case Analysis (As of September 2025)
Sale Overview
- Location: 418-2 Dogok-dong, Gangnam-gu, Seoul (Near Maebong Station, 2nd Class General Residential Zone)
- Transaction Date: July 2019
- Sale Price: 3.86 billion KRW
- Land Price: 60.02 million KRW per pyeong
- Land Area: 212.6㎡ (64.31 pyeong)
- Total Floor Area: 833.34㎡ (252.09 pyeong)
- Floors: B1 ~ 6F
- Completion Year: June 10, 1998
- Road Conditions: 6m road
- Official Land Price: Approx. 23.87 million KRW per pyeong (Approx. 2.51 times the land transaction price)
Past Transactions and Profit Analysis
- August 2015: 3.45 billion KRW (53.65 million KRW per pyeong)
- July 2019: 3.86 billion KRW (60.02 million KRW per pyeong)
- Sale Profit: 410 million KRW over 5 years (82 million KRW annually, 6.83 million KRW monthly average, based on simple profit)
Key Features
- Location: Excellent accessibility to the heart of Gangnam, located near Maebong Station. As a 2nd Class General Residential Zone, it allows for a mix of small-scale commercial and residential uses.
- Building Characteristics: A small building (Kkoma Building) completed in 1998, suitable for offices and neighborhood living facilities. As of 2025, the building is relatively old, indicating a potential need for renovation to enhance its value.
- Investment Appeal: The 2019 transaction price of 60.02 million KRW per pyeong was within the average range for small buildings in Gangnam (55-70 million KRW), making it a reasonable deal. As of 2025, prices for small buildings in Dogok-dong have risen to 70-85 million KRW per pyeong, with an estimated current re-evaluation value of approximately 4.5-5 billion KRW. An estimated rental yield of 3.5-4.5% is expected.
- Commercial Area Analysis: Dogok-dong is a stable commercial district within Gangnam-gu, and the area around Maebong Station has high demand for office and commercial spaces. Building transactions in Gangnam-gu increased by 8% in the first half of 2025, with value continuing to rise due to 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, consider stable rental demand (offices, neighborhood living facilities), 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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