Jungnang-gu Shinnae New Town Main Road 1.08 Billion Won Small Building Transaction Completed! Mangwoo Station Ultra-Station Area Investment Success (ft. Shinnae-dong Main Road Investment Analysis)
A small building located on the main road of Shinnae New Town in Shinnae-dong, Jungnang-gu, was transacted for 1.08 billion Won, attracting attention from the real estate market. Like a 'hidden gem on the main road', this small building located on a 6-lane main road is evaluated as an investment property where stable rental income and high future value can be expected simultaneously. Why is Jungnang-gu Shinnae New Town emerging as a 'hot place' for small building investment?
Mangwoo Station 'Ultra-Station Area', 'Golden Location' on Shinnae New Town Main Road
In January 2025, a small building located at Shinnae-dong, 546-10 in Jungnang-gu, was transacted for 1.08 billion Won. This building is an 'ultra-station area' building located within walking distance of Mangwoo Station and is situated on the 6-lane main road of Shinnae New Town. This 4-story building was completed on May 11, 2001, and consists of a land area of 42.65 pyeong and a total floor area of 57.88 pyeong. Like a 'landmark on the main road', its excellent accessibility and visibility are key factors in generating stable rental income.
Key Features and Location Analysis:
- Mangwoo Station Ultra-Station Area: Excellent transportation environment
- Shinnae New Town Main Road: High foot traffic, excellent visibility
- Stable Rental Income: Maximizing investment value
Land Price Relative to Official Standard Price, Relatively Reasonable Investment
This building was transacted at a relatively reasonable level, with the land price being approximately 1.86 times the official standard land price. Compared to the real estate market price in the Shinnae-dong area, Jungnang-gu, the land price is an important factor that increases investment appeal. Like 'cost-effective investment', the land price relative to the official standard land price is an indicator that helps investors make reasonable investments.
- Land Price Relative to Official Standard Price: Approx. 1.86 times, relatively reasonable
- Cost-Effective Investment: Factor increasing investment appeal
- Reasonable Investment: Expectation of stable profits
Shinnae New Town Development Boost, Expected Increase in Small Building Value
The real estate market in Jungnang-gu Shinnae New Town is gaining vitality due to various development boosts. Along with improvements in transportation infrastructure such as the opening of Shinnae IC and the extension of Subway Line 6, various development projects are underway, including the creation of Shinnae Compact City and an advanced industry cluster in the Shinnae IC area. These development projects are representative boosts that drive the appreciation of real estate value in the surrounding area. As if a 'development boom' is blowing, Shinnae New Town development acts as a catalyst that further increases the investment value of small buildings.
- Shinnae New Town Development Boost: Real estate market vitality
- Improvement of Transportation Infrastructure: Factor increasing regional value
- 'Development Boom': Promoting small building investment value
Considerations During Investment: In-Depth Analysis by Real Estate Expert is Necessary
Investing in small buildings can offer stable profits, but it also involves investment risks. Various factors such as building age, rental yield, and changes in the surrounding commercial area must be analyzed in depth, and seeking assistance from a real estate expert is safe. Like a 'guide', a real estate expert plays a role in helping investors make correct investments.
The building at Shinnae-dong 546-10, Jungnang-gu, was sold in January 2025.
※ Transaction Details
- Location: Jungnang-gu Shinnae-dong 546-10
- Subway Station: Mangwoo Station
- Transaction Date: January 2025
- Sale Price: 1.08 billion Won
- Land Price (Per Pyeong): 25.32 million Won
- Land Area: 42.65 pyeong (141㎡)
- Building Area (Total Floor Area): 57.88 pyeong (191.34㎡)
- Zoning District: Third Class General Residential Zone
- Floors: 4 stories above ground
- Road Condition: 6-lane main road
- Year of Completion: 2001.05.11
- Official Standard Land Price (공시지가): Approx. 13.64 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 1.86 times