Daechi Eunma Returns to Auction Market After 5 Years... 84㎡ Exclusive Area Priced at 2.79 Billion Won

[Asia Economy Reporter Hwang Seoyul] The 'Eunma Apartment,' completed in 1979 and considered a representative complex of Gangnam redevelopment in Seoul, has come onto the auction market for the first time in five years since 2017.

According to the South Korean Court Auction Information website on the 24th, a unit on the 12th floor of Building 22 in Eunma Apartment, with an exclusive area of 84㎡, was listed at an appraised value of 2.79 billion KRW. The auction date is set for the 10th of next month.

This marks the first time in five years since July 2017 that Eunma Apartment has appeared on the auction market. At that time, a unit on the 7th floor of Building 30 with an exclusive area of 76㎡ was listed at an appraised value of 1.17 billion KRW, with 14 bidders participating. The winning bid was 1.331111 billion KRW (winning bid rate 113.77%).

As expectations for the redevelopment project progress rise, interest in this property is also expected to be high. On the 19th, the redevelopment maintenance plan passed the Seoul City Urban Planning Committee review, marking progress in the project 19 years after the establishment of the redevelopment association promotion committee.

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