- Highly Praised by Visitors for Practical Specialized Design
- Current Sales Rate Approaching 70%, Early Sell-Out Possibility a Hot Topic

‘DH647 The Magok Terrace’ Model House, Crowded with Visitors View original image

‘DH647 The Magok Terrace’ is attracting a flood of visitors since the model house opened with a groundbreaking sale price.


‘DH647 The Magok Terrace’ has been operating successfully since opening its model house in Naebalsan-dong, Gangseo-gu. The number of visitors continues to increase, and word of mouth among visitors is spreading, leading to a rise in both visit reservations and phone inquiries.


Mr. Kim (45), who visited the model house, said, “I came after hearing that a cost-effective apartment would be built in the core area of Gangseo-gu. The terraces and various specialized designs are well-equipped, large hospitals and shopping facilities are close within slipper-walking distance, and the location allows walking access to elementary, middle, and high schools, so it seems great for raising children. I was very satisfied.”


A sales official stated, “With excellent location conditions including proximity to subway stations and nearby convenience facilities, and superior product value enhanced by spacious units with duplex and terrace designs maximizing space utilization, interest was already high before the sale started. The positive response continues, so we expect to sell out before the weather gets warm.”


Visitors especially praised the high product completeness, such as the duplex and terrace features. The units are composed of spacious areas ranging from 45 to 54 pyeong (based on actual usable area), maximizing space utilization. All types feature a 3-bay layout, providing excellent ventilation and lighting. The interior is designed with 4 bedrooms, 3 bathrooms, 2 living rooms, and a kitchen structure with a duplex space that allows floor heating. Storage space is enhanced with a dressing room and pantry. Moreover, a built-in terrace (except for some types) offers a private premium space. Additionally, the complex features wide distances between buildings, excellent views along the main road, and various specialized designs such as full-option free provision.


The outstanding location encompassing all values of life and culture also captivated visitors’ attention. Various shopping, cultural, and convenience facilities such as NC Department Store, LG Arts Center, PaceK Seoul Museum of Art, Megabox, Lotte Hi-Mart, Daiso, and No Brand are located close to the complex. Differentiated medical services are provided with Ewha Seoul Hospital and numerous specialized hospitals nearby. Furthermore, One West Seoul, scheduled for completion in 2024, is a mega complex combining offices, hotels, and shopping malls, with Emart Traders set to open there.


Green spaces such as Geomdeoksan, Ujangsan, Wondang Neighborhood Park, and Seoul Botanic Park are available, and prestigious school districts are established with Deungmyeong Elementary and Middle Schools within a 5-minute walk, and Gagok Elementary, Myeongdeok High, Myeongdeok Foreign Language High, and Deungchon High Schools within a 10-minute walk, ensuring worry-free school commutes.


Transportation conditions secure a prime location within about a 1-minute walk to Balsan Station on Subway Line 5, offering convenient domestic and international travel with Gimpo Airport 4 minutes away and Incheon Airport 40 minutes away. Additionally, the nearby Hwagok Station, which will be expanded into a triple line station with Lines 5, 2 (planned), and the Western Metropolitan Railroad (confirmed), and the excellent metropolitan transportation network of the nearby Olympic-daero allow broader access to downtown Seoul.


Expectations for development premium benefits are also evident. The Lotte Construction consortium’s MICE complex, the Gangseo Miracle Medical Special Zone for medical tourism, and the Gayang CJ site project, about 1.5 times the size of Samsung COEX, are all rapidly progressing, promising regional environment improvements and value increases in the area.



‘DH647 The Magok Terrace,’ supplied in Naebalsan-dong, Gangseo-gu, Seoul, consists of 35 apartment units and 28 officetel rooms from basement level 2 to ground level 11, along with neighborhood living facilities. The sale price is set at the level from five years ago, making it very affordable compared to surrounding market prices. With loan utilization, actual investment can be made in the 100 million KRW range, allowing for potential long-term capital gains.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing