[Naejib Road] Sloped Choupuma 'Wolgok Doosan We’ve'... Capturing Commercial Area and Transportation Benefits

Becomes a Child-Friendly Complex After Redevelopment
Excellent Commercial Area Despite Non-Station Zone and Benefits from Dongbuk Line

◎Property Information: 'Wolgok Doosan We’ve' in Hawolgok-dong, Seongbuk-gu, Seoul / Recent transaction prices: Exclusive area 84㎡ 700 million KRW (December), 59㎡ 585 million KRW (November)

It happened to snow heavily. According to the search results for directions, it takes 9 minutes on foot from Exit 2 of Wolgok Station on Subway Line 6, but the perceived time felt shorter. The problem was the sloping roads surrounding the complex. Inside the large complex with over 2,000 households, stone stairs were encountered. Walking became cautious without realizing it. This was the case at 'Wolgok Doosan We’ve' located in Hawolgok-dong, Seongbuk-gu, Seoul.

On the roads inside the complex, academy vehicles stopped intermittently, and parents spending time together making snowmen with their children were also noticeable. Since the complex is so large, there were entrances and exits in various places.

Highly satisfied with the complex’s commercial area near elementary schools... Be cautious on slopes

If you walk from Wolgok Station on Subway Line 6, the 'Wolgok Doosan We've' Building 303 is the first thing you will see. / Photo by Kyungjo Noh felizkj@

When walking from Wolgok Station, you first encounter Building 303. Facing this building and walking to the left, across a road, you can see 'Raemian Wolgok.' There is also Sungin Elementary School and a neighborhood park. This is what is called an 'Chopuma' (an apartment complex embracing an elementary school).

According to local certified real estate agents, elementary school students are 100% assigned to Sungin Elementary School, and there are many daycare centers both inside and outside the complex. This is also why parents with preschool or elementary school children have high residential satisfaction. For middle school, Jangwi Middle School is located near the neighborhood park opposite 'Kkum-ui Sum Daewoo Prugio,' but it is not highly preferred.

The street-type commercial area, which can be seen in mixed-use residential complexes, also catches the eye. Almost all daily convenience businesses are present. If you want a large supermarket, you can walk to Wolgok Station. There is a Homeplus Wolgok branch. Emart Hawolgok branch and Hyundai Department Store Mia branch are also within a 10-minute drive.

Walking back to the station along the commercial stores lining the street, it suddenly became quiet after turning one corner. Because the commercial area is well established, residents do not need to go far, and the smooth supply seems to have energized the surroundings of the complex. It felt like visiting an outlet located at a station slightly away from the city center.

The fact that branded complexes form a large-scale residential town is also considered an advantage. A representative from Agency A said, "Including nearby Raemian and Prugio, the total scale is about 5,000 households, which will create synergy in future developments. However, the steep slopes should be taken into account as the area was redeveloped from an old hillside neighborhood."

Cheaper compared to Raemian Wolgok with similar living conditions

The view of Sungin Elementary School located near the Wolgok Doosan We've complex / Photo by Noh Kyungjo felizkj@

Depending on the age of children, parental preferences may vary, so the demand for home purchase may be limited. However, real estate agents said that since Korea University and Dongduk Women’s University are nearby and some original residents remain, the actual resident population is sufficiently diverse.

There are listings, but prices are tiered. Sellers who are not in a hurry list their homes at prices somewhat independent of the real estate market, and in urgent sales, the exclusive 59㎡ and 84㎡ units are priced around 600 million KRW and 700 million KRW, respectively.

According to the Ministry of Land, Infrastructure and Transport’s real transaction price disclosure system, an 84㎡ unit was traded for 700 million KRW earlier this month. The highest price last year was 980 million KRW. The price drop for the 59㎡ unit was similar. It changed hands for 585 million KRW last month, which is 170 million KRW lower than the May transaction price this year (755 million KRW) and 255 million KRW lower than last year’s highest price (840 million KRW).

Raemian Wolgok, which has similar living environments, has had no registered transactions in the past three months, but it is reported to have generally maintained slightly higher price levels than Wolgok Doosan We’ve. Since both benefit from the Northeast Line light rail, unless there is a fatal disadvantage perceived by buyers, Wolgok Doosan We’ve is considered to have price competitiveness.

The Northeast Line light rail connecting 'Wangsimni~Sanggye' started construction in July last year and aims for completion by the end of 2025. After opening, accessibility to the Gangnam area is expected to improve. Access to the existing Inner Circular Road is also easy. It may be regrettable that it is not a fully station-adjacent location.

A representative from Agency B explained, "Although the building is somewhat aged and the floor plan may be liked or disliked, the residential environment is pleasant, and infrastructure use is convenient, resulting in high satisfaction for actual residents. It is true that the inner buildings are far from Wolgok Station, but there is a shortcut within the complex, so it is not inconvenient."

'Wolgok Doosan We've' complex view / Photo by Kyungjo Noh felizkj@

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