Gangnam-gu Daechi-dong, 7.55 Billion KRW New Building Transaction Analysis... 'Eunma Apartment Redevelopment' Potential, Investment Value of Zone 1 Exclusive Residential Area?
A new building located at 982-12 Daechi-dong, Gangnam-gu, has been transacted for 7.55 billion KRW, receiving keen attention from the real estate market. In particular, the Eunma Apartment redevelopment and the high market prices of new apartment complexes in Daechi-dong are positively impacting the surrounding real estate market. We conduct an in-depth analysis of the investment value and utilization strategies of this building, which recorded a high transaction price despite being located in a somewhat restricted Zone 1 Exclusive Residential Area.
Gangnam-gu Daechi-dong New Building, 7.55 Billion KRW Transaction Information
In March 2025, the building at 982-12 Daechi-dong, Gangnam-gu, was transacted for 7.55 billion KRW. This building, consisting of a total of 3 floors from basement 1st floor to ground 2nd floor, has a land area of 103.12 pyeong and a building area of 142.65 pyeong. It is a new building completed in August 2023 and is located on the road behind Yeongdong-daero, near the Daechi 2-dong Community Center.
- Location: 982-12 Daechi-dong, Gangnam-gu
- Sale Price: 7.55 Billion KRW
- Land Area: 103.12 pyeong
- Building Area: 142.65 pyeong
- Completion Year: 2023.08.01
- Zoning Area: Zone 1 Exclusive Residential Area
Zone 1 Exclusive Residential Area, Reason for High Price?
This building is located in a Zone 1 Exclusive Residential Area, which has the disadvantage of restrictions on business types. However, the reasons for the high transaction price can be analyzed as follows:
- Eunma Apartment Redevelopment Potential: Driving up the real estate market in the Daechi-dong area
- Market Prices of New Apartments in Daechi-dong: Increase in surrounding real estate value
- New Building: High building value, high tenant preference
- Location on the road behind Yeongdong-daero: Easy vehicle access
In particular, the Eunma Apartment redevelopment and the high market prices of new apartment complexes such as Daechi R-El and Daechi Prugio Summit are analyzed to have positively impacted the surrounding real estate market, resulting in a high transaction price.
Considerations and Utilization Strategies for Investment
Due to the zoning restriction as a Zone 1 Exclusive Residential Area, commercial use of this building is difficult. However, the following utilization strategies can be considered:
- Luxury Residence/Company Building: Utilizing the quiet environment of a Zone 1 Exclusive Residential Area
- Rental Income: Expectation of high rental income from a new building
- Long-Term Investment: Expectation of capital gains upon completion of Eunma Apartment redevelopment
However, the narrow road condition may cause some inconvenience, so careful review is needed when investing.
Conclusion
Despite the restricted zoning as a Zone 1 Exclusive Residential Area, the new building in Daechi-dong, Gangnam-gu, was transacted at a high price thanks to positive factors such as the Eunma Apartment redevelopment potential and the market prices of new apartments. While zoning restrictions and road conditions need to be considered when investing, it is a building with sufficient investment value from a long-term perspective.
The building at 982-12 Daechi-dong, Gangnam-gu, was sold in March 2025.
※ Transaction Details
- Location: 982-12 Daechi-dong, Gangnam-gu
- Subway Station: Samseong Station
- Transaction Date: March 2025
- Sale Price: 7.55 Billion KRW
- Land Price (Per Pyeong): 73.21 Million KRW
- Land Area: 103.12 pyeong (340.9㎡)
- Building Area: 142.65 pyeong (471.56㎡)
- Zoning Area: Zone 1 Exclusive Residential Area
- Floors: B1 ~ 2F
- Road Condition: 4m road
- Completion Year: 2023.08.01
- Official Land Price (Gongsi Jiga): Approx. 21.54 Million KRW
- Land Price vs. Official Land Price Ratio: Approx. 3.40 times