Recruitment of Members for Local Housing Association 'Sillim Paragon The Millian'

[Asia Economy Reporter Onyu Lim] The Sillim Regional Housing Association (tentative name) announced on the 10th that it is recruiting members.

The Sillim Paragon The Millian, built by the Sillim Regional Housing Association at 1480-1 Sillim-dong, Gwanak-gu, Seoul, consists only of small to medium-sized units preferred by all households, comprising 528 units of 59㎡ (exclusive area) and 262 units of 84㎡, totaling 790 units. The scheduled construction company is Dongyang Construction Industry.

This complex is a workplace-adjacent apartment convenient for commuting to Gangnam, Yeouido, and other areas. Through the Southern Ring Road using the nearby Siheung Interchange, it is easy to access Jamsil, Daechi, Yangjae, Seoul National University Entrance, Guro Digital Complex, and Gasan Digital Complex. Once the ‘Sillim~Bongcheon’ tunnel opens, the east-west traffic conditions in Seoul will greatly improve, which is expected to disperse traffic during peak hours and enhance commuting conditions.

Public transportation conditions are also favorable. There is a bus stop along Nangok-ro in front of the complex, and Sindaebang Station on Subway Line 2 is within walking distance, allowing direct access without transfers to Gangnam, Yeoksam, Seolleung, Samsung, and Jamsil. The Sinansan Line, considered the biggest boon for the southwestern metropolitan area, will also be nearby, and once it opens in 2024, travel time to Yeongdeungpo and Yeouido will be shortened. Additionally, the Nangok Line light rail Nangok Sageori Station (tentative name) is planned right in front of the complex, making commuting to metropolitan areas via transfers to Subway Lines 2, 7, and 9 even more convenient.

Transportation network expansion within Gwanak-gu, where the complex is located, is also ongoing. The light rail Sillim Line connecting Seoul National University (new station near Gwanaksan entrance) ~ Sillim Station ~ Boramae Station ~ Daebang Station ~ Saetgang Station is scheduled for completion in 2022, and future connection routes with the Nangok Line light rail are planned. Furthermore, the Western Line light rail connecting Seoul National University Entrance Station ~ Jangseungbaegi Station ~ Noryangjin Station ~ Gwangheungjang Station ~ Sinchon Station ~ Saejeol Station passed the private investment feasibility review last month. When the four new lines?the double-track Sinansan Line and the light rails Nangok Line, Sillim Line, and Western Line?open, they will form an excellent southwestern railway transportation network in connection with existing lines.

Educational and living conditions are also excellent. Miseong Elementary School is adjacent to the complex, and Nangok Middle School and Doksan High School are within a 5-minute walk, ensuring safe commuting for children. In addition, Geumcheon Culture and Arts Information School, Nanwoo Elementary, Yeongnam Elementary, Miseong Middle, Munseong Middle, Seongbo Middle, Nam Seoul Middle, Sillim High, and Seongbo High are all within 1 km of the complex. The surroundings include green spaces such as Sillim Neighborhood Park, Doksan Natural Park, Gwanaksan Ecological Park, and Nanhang Park, as well as leisure sports facilities like Geumcheon Culture and Sports Center and the planned Nangok Complex Sports Facility.

Lotte Hi-Mart and Sillim Central Market are within walking distance, and Lotte Department Store, E-Mart, Homeplus, and Hyundai Outlet can be reached within 10 minutes by car. Public offices and hospitals such as Miseong-dong Community Center, Geumcheon Tax Office, Gangnam Seongsim Hospital, and Boramae Hospital are also nearby.

A representative of the Sillim Paragon The Millian association stated, “As housing prices continue to rise, making it relatively difficult to own a home in Seoul, we plan to supply the Sillim Paragon The Millian apartments with reduced cost burdens.” They added, “The complex meets highly preferred factors such as excellent transportation networks for workplace proximity, education, culture, and living conditions, and inquiries about joining the association are already coming in.” The promotional center is located at 851-3 Bangbae-dong, Seocho-gu.