Special Sale of Company-Owned Units at 'Terra Palace Geondae 3rd Phase' Gaining Attention as a Major Development Opportunity

The redevelopment promotion district in Guui-Jayang, Gwangjin-gu, Seoul is progressing smoothly, drawing attention to ‘Terrapalace Kondae 3rd Phase,’ located in the ultra-prime area near Guui Station. Terrapalace Kondae 3rd Phase consists of one building with 1 basement floor and 9 above-ground floors, located in Guui-dong, Gwangjin-gu, Seoul, comprising a total of 97 units with exclusive areas ranging from 12 to 28㎡.

The complex is divided into 29 multi-family housing units (exclusive area 12?28㎡), 60 officetel units (exclusive area 17㎡), and 8 neighborhood living facilities. Both the multi-family housing and officetel units are duplexes, which are highly preferred by buyers. Additionally, the neighborhood living facilities are located on the first floor, attracting interest not only from end-users but also from investors.

The Guui-dong area boasts an extensive transportation network, making it one of the most desirable residential areas. Bus routes are concentrated here, allowing easy access to any part of the city center. It is adjacent to Seongdong-gu, Gangdong-gu, Songpa-gu, and Gangnam-gu, and with the Gangbyeonbuk-ro expressway, rapid travel to any area in Seoul is possible, drawing strong interest from the surrounding real estate market.

Nearby amenities include Lotte Department Store, Lotte Cinema, Star City Mall, E-Mart, Rodeo Street, and the Culture and Arts Center, with Dong Seoul Terminal and Techno Mart also close by. In addition, major hospitals such as Konkuk University Hospital, Asan Medical Center, and Hyemin Hospital provide excellent living infrastructure.

The area is also rich in educational institutions, including Jayang Elementary, Middle, and High Schools, Gwangyang Middle and High Schools, Konkuk University and its affiliated middle and high schools, and Sejong University. Consequently, a well-established academy district surrounds the area, enabling children to be raised in an excellent educational environment.

The future value is also expected to rise due to various development benefits. The Guui-Jayang Redevelopment Promotion District project is underway to develop the site of the Eastern District Court into a cutting-edge business complex, along with the modernization project of Dong Seoul Terminal. Once development is completed, demand is expected to increase significantly due to improvements in transportation networks and other infrastructure.

Currently, the ‘Terrapalace Kondae 3rd Phase’ promotional center is in operation.