Urban Redevelopment Complex Offers Excellent Residential Convenience with Transportation, Education, and Living Infrastructure
As urban areas undergo redevelopment, apartments equipped with convenient access to subway stations and good school districts are emerging as popular choices. Unlike new housing developments in the metropolitan area, urban redevelopment apartments are built within existing residential neighborhoods, offering not only convenient transportation but also well-established living and educational infrastructure, making them ideal places to live.
In the sales market, the extent to which a property possesses elements preferred by buyers is crucial. Recently, not only convenient subway access but also the surrounding natural environment has become a key factor attracting buyers. Prioritizing rest and quality of life, residents can fully enjoy nearby mountains and parks, making it perfect for light exercise such as walking or jogging during weekends and leisure time.
School districts also remain a major factor influencing housing prices. Traditionally preferred school districts and areas dense with private academies, such as Gangnam, Mokdong, and Nowon, see housing prices rise as the school admission season approaches, reflecting a high school district premium.
With reconstruction and redevelopment underway in Seoul’s new town areas, complexes featuring various elements such as ‘subway access, school districts, and natural environment’ are preparing for sale one after another.
■ Nowon Lotte Castle Signature... Equipped with Subway Access, School Districts, Living Infrastructure, and Natural Environment
The ‘Nowon Lotte Castle Signature,’ which will open its cyber model house on the 10th, is evaluated as having all the elements including subway access, school districts, and natural environment.
‘Nowon Lotte Castle Signature’ consists of 10 buildings ranging from 3 basement floors to 29 above-ground floors, with exclusive areas of 21 to 97㎡, totaling 1,163 households. Among these, 721 units will be offered to the general public.
This complex is the first new apartment built in over three years since the first sale in Sanggye New Town in 2017, and it is the first Lotte Castle brand apartment with over 1,000 units introduced by Lotte Construction in Sanggye New Town, raising high expectations among buyers.
It secures a walking-distance subway station location with access to Sanggye Station and Danggogae Station on Line 4, and is also close to Nowon Station, a transfer station for Line 7, allowing quick travel to major urban centers in Seoul, including Nowon, Gangbuk, and Gangnam areas.
Additionally, the Dongbuk Line light rail connecting Sanggye Station and Wangsimni Station is currently underway, and once completed, it will take only about 20 minutes to travel from Sanggye Station to Wangsimni Station without transfers. Furthermore, plans are underway for the extension of Line 4 and the GTX-C line.
The school district is excellent as well. Deokam Elementary, Shinsanggye Elementary, Sanggye Jeil Middle, Jaehyeon Middle, Jaehyeon High, and Mirae Industrial Science High are all within walking distance, and the nearby Junggye-dong academy district, known for its concentration of prestigious private academies, is easily accessible, providing the best educational environment in the Gangbuk area.
Moreover, the complex is conveniently close to living infrastructure such as Lotte Mart Junggye Branch, Lotte Department Store Nowon Branch, Hanaro Mart Sanggye Branch, as well as Nowon District Office and Sanggye Paik Hospital, making it a one-stop complex where residents can access transportation, education, and living infrastructure all nearby.
Surrounding the complex is a forest environment rarely enjoyed in urban areas. Suraksan and Bulamsan mountains are located to the left and right of the complex, allowing residents to enjoy a pleasant living environment even within the city.
A real estate expert commented, “Unlike newly built metropolitan housing developments constructed on undeveloped land, Seoul urban redevelopment areas like new towns inherently have well-established transportation, education, and living infrastructure, offering excellent residential convenience. When combined with natural environment and development benefits, these areas can attract both actual residents and investors.”
Meanwhile, Lotte Construction plans to open the cyber model house for ‘Nowon Lotte Castle Signature’ on the 10th. Move-in is scheduled for June 2023.
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