Lotte Asset Development to Supply 208 Units of 'Urbaniel Cheonho' Near Cheonho Station

[Asia Economy Reporter Donghyun Choi] Lotte Asset Development announced on the 12th that it will launch the fifth branch of its residential rental service, Urbaniel, called ‘Urbaniel Cheonho,’ in the Cheonho-dong area of Gangdong-gu, Seoul.

Urbaniel Cheonho is built on approximately 800㎡ of land, with a total floor area of 6,250㎡ spanning from one basement floor to 17 floors above ground. It offers a total of 208 units in 8 different types, ranging from 18.1㎡ to 33.3㎡ in net usable area. Notably, 91 units from the 11th to the 17th floor feature duplex layouts. Each unit is fully equipped with a refrigerator, washing machine, air conditioner, and other full options.

The basement floor 1 includes a community space called ‘Club Urbani’ and unmanned parcel lockers to enhance residents’ convenience. It is located just a 6-minute walk from Cheonho Station on subway lines 5 and 8, providing excellent transportation accessibility. Monthly rent ranges from 570,000 to 780,000 KRW, and immediate move-in is available.

Fire, safety, and security inspections are conducted regularly, and CCTV has been installed to eliminate blind spots. Periodic patrols are also carried out. ‘Urbaniel Yeomchang Station’ has been certified as an excellent crime prevention facility by the local police station.

Currently, in addition to Urbaniel Cheonho, Lotte Asset Development operates over 1,400 units across four branches: ▲Urbaniel Gasan (403 units) ▲Urbaniel Yeomchang Station (263 units) ▲Urbaniel Hangang (261 units) ▲Urbaniel Chungjeongno (499 units).

Moreover, Lotte Asset Development is actively collaborating with various industries to strengthen its residential rental business. It has signed a memorandum of understanding (MOU) with Koramco Asset Trust and Maston Investment Management to enhance residential rental services for small households of one or two people.

Jo Byunghoon, head of the Residential Business Operations Team at Lotte Asset Development, said, “Urbaniel is located near subway stations, making it popular among one- and two-person households who prioritize transportation convenience. We plan to expand residential services that satisfy a variety of one- and two-person households, including office workers in their 20s and 30s, newlyweds, and university students.”

This content was produced with the assistance of AI translation services.