Analysis of Hannam-dong Nine One Hannam 8.5 Billion Won Remodeled Building Transaction! The Secret to a 'Big Hit' 6.5 Billion Won Profit in 9 Years? (ft. Hangangjin Station, Cafe Street, Investment Analysis)
A building located at Hannam-dong 729-68, Yongsan-gu, Seoul, was transacted for 8.5 billion Won in February 2025, attracting keen interest from investors. Particularly, it emerged as a 'golden investment property', recording a capital gain of 6.5 billion Won in just 9 years. It is also becoming a hot topic as a building in the cafe street near 'Nine One Hannam', where celebrities and entrepreneurs reside. Let's thoroughly uncover the secret to the success of this transaction and the investment analysis.
Hangangjin Station 'Within Walking Distance', Nine One Hannam 'Premium Location'
The biggest appeal of this transaction is its location 'within walking distance' of Hangangjin Station. Furthermore, located in the cafe street near the 'Nine One Hannam' high-end apartment complex, it boasts a premium location. This reflects the high preference of celebrities and high-net-worth individuals and acts as a factor increasing the possibility of future value appreciation. Like a 'golden royal seat', being within walking distance of Hangangjin Station and adjacent to Nine One Hannam are attractive factors that can bring high returns to investors.
Key Features and Location Analysis:
- Hangangjin Station Within Walking Distance: Excellent transportation accessibility
- Adjacent to Nine One Hannam: Premium location, high preference
- Golden Royal Seat: Expectation of high returns
9 Years Held, 6.5 Billion Won Profit! 'Value Appreciation' Success Story
This building was transacted for 2 billion Won in March 2016 and was sold for 8.5 billion Won in February 2025. It recorded a capital gain of approximately 6.5 billion Won over 9 years, which corresponds to an annual profit of approximately 722.22 million Won and a monthly profit of approximately 60.19 million Won. As if it were 'art created by time', the synergy effect of value appreciation through remodeling and the premium location generated high profits.
- 9 Years Held, 6.5 Billion Won Profit: Value appreciation success story
- Remodeling & Premium Location: Maximizing synergy effect
- Art Created by Time: Proving investment value
Second Class General Residential Zone, Formation of a 'High-End Commercial Area'
This building is located in a Second Class General Residential Zone, with a land area of 49.91 pyeong, a building area of 94.49 pyeong, and a scale of B1F to 4F. The land price per pyeong is 170.30 million Won, and it was transacted at approximately 5.90 times the official standard land price. Like a 'hidden gem', the Second Class General Residential Zone is advantageous for forming a high-end commercial area and is a region highly preferred by high-net-worth individuals for investment.
- Second Class General Residential Zone: Advantageous for forming a high-end commercial area
- Preference of High-Net-Worth Individuals for Investment: High investment value
- Hidden Gem: Region with high investment potential
Development Boost, Increasing Investment Appeal with 'Asset Parking Effect'
The road in front of this building is currently undergoing a development project, and improved accessibility due to road expansion is expected. Furthermore, located near high-end residential complexes like Nine One Hannam and UN Village, it benefits from the 'asset parking effect'. Like an 'investment with wings', development boosts and the asset parking effect further increase investment appeal.
- Road Expansion: Improved accessibility
- Asset Parking Effect: Stable asset value maintenance
- Investment with Wings: Maximizing investment appeal
Investment Analysis and Conclusion
This Hannam-dong building transaction possesses various investment appeals, including its location within walking distance of Hangangjin Station, its premium location adjacent to Nine One Hannam, value appreciation through remodeling, and development boosts. Therefore, it is judged to have high investment value. However, the real estate market is volatile, so a careful decision should be made with expert assistance before investing. Like a 'map towards success', thorough analysis and planning are essential conditions for successful investment.
The building at Hannam-dong 729-68, Yongsan-gu, was sold in February 2025.
※ Transaction Details
- Location: Yongsan-gu Hannam-dong 729-68
- Subway Station: Hangangjin Station
- Transaction Date: February 2025
- Sale Price: 8.5 billion Won
- Land Price (Per Pyeong): 170.30 million Won
- Land Area: 49.91 pyeong (165㎡)
- Building Area (Total Floor Area): 94.49 pyeong (312.35㎡)
- Zoning District: Second Class General Residential Zone
- Floors: B1F ~ 4F
- Road Condition: 4m
- Year of Completion: 1984.04.10
- Official Standard Land Price (공시지가): Approx. 28.89 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 5.90 times
※ Past Transaction History
- March 2016: 2.0 billion Won sale (40.00 million Won per pyeong)
- February 2025: 8.5 billion Won sale (170.30 million Won per pyeong) (Held for approx. 9 years)
- 9 years: 6.5 billion Won capital gain
- Annual: 722.22 million Won capital gain
- Monthly: 60.19 million Won profit (Simple capital gain analysis only)