Euljiro 3-ga Station Cheonggyecheon Core Location Prime Office Signature Tower Transacted for 206.8 Billion Won Investment Success in Jung-gu Landmark (ft. Three-sided Corner, Large Office Spaces)
A prime office building located on Cheonggyecheon Stream near Euljiro 3-ga Station in Supyo-dong, Jung-gu, Seoul, was transacted for 206.8 billion Won, attracting keen interest from the real estate market. As if piercing the 'heart of downtown Seoul', this building is drawing the attention of investors with its overwhelming scale and excellent locational conditions.
Euljiro 3-ga Station 'Ultra-Station Area', Core Business District in Jung-gu
The building at Supyo-dong 100 is an 'ultra-station area' building located within a 5-minute walk from Euljiro 3-ga Station. Euljiro 3-ga Station, where Subway Lines 2 and 3 pass through, is a major business district in downtown Seoul, offering very convenient public transportation. Furthermore, it is adjacent to major roads such as Cheonggyecheon-ro, Euljiro, and Samil-daero, providing excellent transportation accessibility. As if boasting 'accessibility in all directions', excellent transportation networks are a key factor contributing to securing stable tenants and increasing building value.
Key Features and Location Analysis:
- Euljiro 3-ga Station Ultra-Station Area: Excellent transportation accessibility
- Double Station Area: Convenient use of Lines 2 and 3
- Downtown Seoul Business District: Stable rental demand
Overwhelming Scale of B6F to 17F, Jung-gu Landmark Building
This building is a large prime office building with a scale of B6F to 17F, and its total floor area reaches 5572.96 pyeong. As a new building completed on March 26, 2021, its magnificent scale rising on a 423.32-pyeong plot boasts an overwhelming presence compared to surrounding buildings. Like a 'city landmark', this building adorns the Jung-gu skyline and is recognized for its value as a landmark building.
- B6F to 17F Scale: Overwhelming building size
- Large Office Building: Jung-gu landmark
- New Building: Excellent building condition
Three-Sided Corner, Advantageous for Attracting High-Quality Tenants, High Utilization Value
This building is located on a three-sided corner where three 2-lane roads meet, providing excellent visibility and allowing for the entry of various business types. In particular, the large office spaces are suitable for large companies and office tenants, and the retail spaces can also be composed of various types of stores. Like a 'versatile space', diverse utilization possibilities are an important factor increasing investment appeal.
- Three-Sided Corner: Excellent visibility
- Various Business Types Possible: Securing rental competitiveness
- 'Versatile Space': High utilization value
Land Price Relative to Official Standard Price, Relatively Reasonable
This building was transacted at a relatively reasonable level, with the land price being approximately 4.32 times the official standard land price. Considering the locational strength of being in the Euljiro 3-ga Station area, the land price is high. However, it is assessed as being transacted at a reasonable level when compared to surrounding market prices. Like sensible shopping focused on 'cost-effectiveness', the land price relative to the official standard price is an important indicator for evaluating investment appeal.
- Land Price Relative to Official Standard Price: Approx. 4.32 times, relatively reasonable
- Euljiro 3-ga Station Area: Excellent location
- Reasonable Investment: High cost-effectiveness
Conclusion: Euljiro Prime Office, High Investment Value
The Euljiro 3-ga Station Cheonggyecheon Prime Office is an investment property with various appeals, including excellent locational conditions, overwhelming scale, diverse utilization possibilities, and a reasonable sale price. Stable profits and high future value can be expected in a core business district of downtown Seoul.
The building at Supyo-dong 100, Jung-gu, was sold in February 2025.
※ Transaction Details
- Location: Supyo-dong 100, Jung-gu
- Subway Station: Euljiro 3-ga Station
- Transaction Date: February 2025
- Sale Price: 206.8 billion Won
- Land Price (Per Pyeong): 488.52 million Won
- Land Area: 423.32 pyeong (1399.4㎡)
- Building Area (Total Floor Area): 5572.96 pyeong (18423.00㎡)
- Zoning District: General Commercial Zone
- Floors: B6F ~ 17F
- Road Condition: Three-sided corner with three 2-lane roads
- Year of Completion: 2021.03.26
- Official Standard Land Price (공시지가): Approx. 113.03 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 4.32 times