Lotte E&C to Launch Sales of "Deoksugung Lotte Castle 136" in April

One Building with Seven Basement and 20 Above-Ground Floors

Total of 136 Units: 102 Apartment-Type Residences and 34 Officetel Units

Prime Location in Seoul's Central Business District (CBD)

Concentrated Transportation, Business, Commercial, and Cultural Infrastructure

Lotte Engineering & Construction is scheduled to launch sales for "Deoksugung Lotte Castle 136" in April in the Sunhwa-dong area of Jung-gu, Seoul. The complex will consist of one building with seven basement floors and 20 above-ground floors, comprising 102 apartment-type residences with an exclusive area of 59㎡ and 34 officetel units with exclusive areas of 118-119㎡.

The breakdown by type for the apartments is as follows: 34 units of 59㎡A, 34 units of 59㎡B, and 34 units of 59㎡C. For the officetel units, there will be 17 units of 118㎡ and 17 units of 119㎡. With a focus on practical medium-small sized apartments and rare medium-sized officetels, the development is expected to be highly preferred by professionals and newlywed couples, particularly among one- to two-person households.

Deoksugung Lotte Castle 136 boasts excellent proximity to workplaces and homes, being located in central Seoul, and is composed of non-regulated products such as apartment-type residences and officetels. This means there is no requirement for actual occupancy, and subscription requirements are more relaxed compared to typical apartments.

The location conditions are also outstanding. Residents will have convenient access to six major subway lines, including Subway Lines 1, 2, 4, and 5, the metropolitan express railway (GTX), and the airport railroad. Within a 500-meter radius of the complex, City Hall Station and Chungjeongno Station on Line 2, and Seodaemun Station on Line 5, are all within walking distance. In addition, Seoul Station, which serves Line 4, the Gyeongui–Jungang Line, GTX-A, and the airport railroad, is nearby, allowing for easy travel to major business districts such as Gangnam, Yeouido, and Yongsan.

The area also offers a stable educational environment. Prestigious elementary, middle, and high schools—including Deoksu Elementary School, Changdeok Girls’ Middle School, Ewha Girls’ High School, and Ewha Foreign Language High School—are located within 700 meters of the complex, allowing children to walk to school. Kyonggi University’s Seoul Campus and Chung-Ang University’s Pyeongdong Campus are also nearby.

The living infrastructure is rich as well. There are green spaces such as Seosomun History Park and Appenzeller Memorial Park, as well as cultural facilities including the Seoul Museum of Art, National Museum of Modern and Contemporary Art, Deoksugung Palace, Seoul Plaza, and Sejong Center for the Performing Arts. Shopping facilities such as Hanaro Mart (Seodaemun branch), Lotte Mart (Seoul Station branch), Lotte Outlet (Seoul Station branch), Shinsegae Department Store’s main branch, and Namdaemun Market are nearby, as are medical facilities including Kangbuk Samsung Hospital and Seoul Red Cross Hospital.

Its proximity to workplaces is also excellent. The complex is located within Seoul’s Central Business District (CBD), allowing for convenient commutes to City Hall, Seoul Station, and Gwanghwamun areas. As this area is home to numerous financial institutions, City Hall, major corporate headquarters, media companies, and government offices, there is expected to be strong demand for residential spaces among high-income professionals.

The site’s future value is also notable. According to Jung-gu District Office, the Seoul Station North Redevelopment Project, which broke ground in December 2024, will utilize idle railway land in Bongrae-dong, Jung-gu, to create the first large-scale convention center and a complex shopping mall in northern Seoul. The massive mixed-use complex will span approximately 340,000㎡ with six basement levels, 39 above-ground floors, and five buildings. It will feature officetels, hotels, offices, and cultural facilities, which are expected to benefit neighboring complexes.

Additionally, according to Seoul Metropolitan Government, several large-scale redevelopment projects are underway in the Seosomun area, including Seoul Station-Seodaemun Districts 1 and 2, Seosomun Districts 11 and 12, and Seosomun District 10. Once completed, the Seosomun area will feature a green open space of approximately 18,140㎡ (about 1.3 times the size of Seoul Plaza) and a large-scale innovation business district, transforming it into a new urban business hub.

Furthermore, in the Seoul Station-Seodaemun Districts 1 and 2, a mixed-use office and cultural facility with eight basement floors and 38 above-ground floors is scheduled for completion in June 2030. This will include the first classical music-exclusive concert hall in northern Seoul with 1,100 seats. As a cultural facility inheriting the legacy of Hoam Art Hall, it is expected to become a high-quality cultural space on par with the Seoul Arts Center in Seocho-gu and serve as a landmark on the western side of the city center.

The project’s product competitiveness is also highlighted by the fact that it is supplied by one of Korea’s top 10 construction companies. All 59㎡ apartment types are equipped with dressing rooms, and the 59㎡A and 59㎡B types feature a three-bay plate-shaped design and U-shaped kitchen layout to maximize space utilization. All officetel types also offer generous storage, including pantries and dressing rooms, and the 119㎡A type features a four-bay plate-shaped design to enhance lighting and ventilation.

A wide range of community amenities will be provided, including a screen golf range, golf practice range, fitness center, and showers, creating differentiated spaces rarely found in conventional apartment-type residences. Through these amenities, residents can expect to enjoy a more leisurely and fulfilling lifestyle.

Another advantage is its relatively relaxed regulatory environment. For apartment-type residences, there is no actual occupancy requirement for first-time buyers, and the subscription requirements are more relaxed, lowering the entry barrier.

The model home for "Deoksugung Lotte Castle 136" is scheduled to open in April in the Hangang-daero area of Yongsan-gu, Seoul, and move-in is scheduled for April 2027.

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