Hyundai Engineering to Launch 'Insignia Banpo' for Sale in June

- Prime location in Banpo living area with high preference... Prestigious school district, transportation network, and complete living infrastructure
- Station area near Gubanpo Station on Line 9... Convenient access to main roads such as Olympic-daero and Gangbyeonbuk-ro

Hyundai Engineering plans to supply luxury officetels this month in Banpo residential area, one of the representative affluent neighborhoods in Seoul, specifically in Bangbae-dong, Seocho-gu.

'Insignia Banpo' consists of two buildings ranging from 5 basement floors to 20 above-ground floors, comprising a total of 148 officetel units with exclusive areas of 59 to 144㎡, as well as neighborhood living facilities. By exclusive area, there are ▲36 units of 59㎡ ▲108 units of 84㎡ ▲4 penthouse-type units (2 units of 119㎡ and 2 units of 144㎡). Unlike most officetels recently supplied in the Gangnam area, which are mainly small one-room units, this project is differentiated by offering residential officetels suitable for 3 to 4-person households.

'Insignia Banpo' is located in the Banpo residential area, which is highly preferred by residents. The Banpo-dong area features the Han River and Banpo Hangang Park, providing a pleasant living environment, and is a traditional luxury residential town densely populated with leading apartments such as 'Banpo Raemian Prestige' and 'Acro River Park.' Various infrastructures including school districts, transportation, lifestyle, and culture are already well established, making it highly desirable for residents. In fact, it is known that many high-income asset owners, including political and business figures and famous celebrities, reside here.

The complex name 'Insignia Banpo' combines the English word 'Insignia,' meaning emblem, with 'Banpo,' symbolizing a luxury residential brand that sets a new standard for city lifestyle in a symbolic urban location.

The residential environment befitting the complex name is a key strength of 'Insignia Banpo.' In particular, the educational infrastructure, represented by prestigious school districts, stands out. Nearby schools include Seorae Elementary School, Sehwa Girls' Middle School, Sehwa High School, and Sehwa Girls' High School, and the National Library and Banpo Library are easily accessible. The Banpo academy district is also located within approximately 2 km radius, attracting strong interest from families with school-age children.

The area is well connected by transportation. It is a station-area location within walking distance of Gubanpo Station on Seoul Subway Line 9, allowing direct access without transfers to Yeouido, Express Bus Terminal, Seonjeongneung, and Sports Complex. Additionally, Banpodaero, Sapyeongdaero, and Sinbanpolo provide easy access to all parts of Gangnam, and major arterial roads such as Olympic-daero and Gangbyeonbuk-ro are conveniently accessible. The Seoul Express Bus Terminal is nearby, and access to the Gyeongbu Expressway via Banpo IC is also easy.

Lifestyle infrastructure is also noteworthy. Shopping and cultural facilities such as Shinsegae Department Store Gangnam Branch and Seorae Village Cafe Street are conveniently accessible, and large medical facilities like Catholic University Seoul St. Mary's Hospital are nearby. Furthermore, Banpo Sports Complex and Seocho-gu Citizen Sports Center are close, making it easy for residents to enjoy walks and leisure activities.

The demand base is also attractive. The Seocho-dong legal town, where public institutions such as the Supreme Court, Supreme Prosecutors' Office, Seoul High Court, Seoul High Prosecutors' Office, Seoul District Court, and Seoul Central District Prosecutors' Office are concentrated, is nearby, leading to abundant demand from high-income professionals.

The project also has high future value. Numerous reconstruction projects are underway around the complex, including 'Banpo The H Class,' 'Raemian One Pentas,' and 'Prestige by Raemian.' It is expected that a residential town of about 8,000 households will be formed in the future, leading to additional infrastructure expansion due to increased demand.

'Insignia Banpo' also boasts product competitiveness comparable to its location value. It mainly consists of the highly preferred exclusive 84㎡ type, featuring a 3-room layout that offers excellent space utilization. Additionally, the design includes a 2.6m ceiling height, two-sided windows, and an open kitchen layout to enhance lighting and ventilation efficiency, as well as creating a spacious open feeling. High-end furniture and appliances from renowned domestic and international brands such as 'TM Italia,' 'Nexus,' 'Jessi,' 'Kohler,' 'Miele,' and 'Palmek' are applied.

Various convenience facilities are also provided. Luxury community amenities include a golf practice range, fitness center, GX room, laundry room, multi-room, and private studio. Moreover, unlike many officetels previously supplied in Gangnam, 100% self-parking spaces are available with 1.34 parking spaces per unit, and a hotel-style drop-off zone is created for smooth vehicle traffic and convenient resident pick-up and drop-off.

Regulatory benefits are also expected. Amidst a series of strong real estate measures targeting the housing market such as apartments, this project is supplied as officetels, which are relatively less affected by regulations. It is considered relatively free from various restrictions such as loan limits and re-winning restrictions.

A sales official stated, "'Insignia Banpo' is located in the Banpo residential area, which is well-equipped with various infrastructures even within Seocho-gu, a luxury residential town, attracting high interest from buyers. Considering the lifestyle of asset owners, it features specialized interior and exterior designs and community facilities, so it is expected to be very popular."

'Insignia Banpo' plans to open a gallery.