Interest in 'Deungchon Station AK Valley' Following News of Gayang CJ Factory Site Development

On the 11th of last month, Jin Gyo-hoon, who won the by-election for the Mayor of Gangseo-gu, Seoul, approved the first agenda item of his inauguration, which was to permit part of the development of the CJ factory site in Gayang-dong, pledging to cooperate with local businesses. The development of the CJ factory site is a key local issue and is expected to proceed with a total project cost of 4 trillion KRW.

Looking into the core details of the project, it involves creating office, commercial, and knowledge industry centers on a 93,686㎡ site near Yangcheon Hyanggyo Station on Subway Line 9. The development permit covers 2 blocks (27,983㎡) out of the 3 blocks of the CJ factory site, and it is expected to initiate changes in the stagnant real estate market and local economy of Gangseo-gu, which has been marginalized within Seoul.

Furthermore, Mayor Jin’s key pledge is to prioritize the future and development of Gangseo-gu by creating a new economic axis connecting Gimpo Airport, Magok MICE complex, LG Arts Center, and the CJ factory site.

There is growing interest as a new knowledge industry center, which will benefit from the future development value of the Gangseo area, is scheduled for sale. AM Plus Asset Development is launching the sale of 'Deungchon Station AK Valley,' following Seoul Forest AK Valley, Seongsu AK Valley, and Indeokwon Station AK Valley.

Located in Yeomchang-dong, Gangseo-gu, Deungchon Station AK Valley will be built on a 619-pyeong site with a total floor area of 4,777 pyeong, consisting of one building from 4 basement floors to 10 above-ground floors. As this knowledge industry center is the first new supply in the Gangseo area in about two years and six months, its rarity is clear, attracting strong interest from end-users and investors.

Deungchon Station AK Valley offers the advantage of stable demand for office facilities and proximity to residential living areas. It will serve the abundant demand of the southwestern region centered on new growth industry hubs according to the ‘2030 Seoul Plan,’ including the Magok MICE complex, boasting a prime location connecting Magok District, Sangam DMC, and Yeongdeungpo business districts. In particular, the nearby concentration of apartment complexes and houses creates a ‘work-life balance’ environment with close proximity between home and workplace.

The convenient transportation environment for commuting is another highlight. The building is located about 200 meters from Deungchon Station on Seoul Subway Line 9, securing a prime station area, and offers easy access to Seoul and other regions via rapid metropolitan transportation networks such as Olympic-daero, Seobu Expressway, Internal Circulation Road, Yeongjongdo, and Gimpo Airport.

The building’s exterior and interior also attract attention. Featuring a trendy facade, all units include balconies, and some units on the 10th floor offer terraces as service areas, characterized by spaciousness and a high exclusive use ratio.

Most importantly, Deungchon Station AK Valley is a new project that successfully secured 64 billion KRW in main PF financing last October amid the current financial market situation where converting bridge loans to main PF is difficult. AM Plus Asset Development has been recognized for the excellence of this project and the reliability of the business entity through the PF loan agreement.

A sales representative stated, “Deungchon Station AK Valley is more competitive because its average sale price is lower compared to surrounding upcoming projects,” adding, “The sale of Deungchon Station AK Valley is the best choice at this point in time.”

Meanwhile, the model house for Deungchon Station AK Valley is scheduled to open on Wednesday, November 29.

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