Value Increase Due to Gangnam Station Complex Development and Information Command Site Development... Inflow of Investment Demand
Hyundai Engineering is attracting investors' attention with 'Luca831,' supplied in the Yeoksam-dong area of Gangnam-gu, Seoul. This is due to the increased investment merit from rising land prices and the sharp increase in the sale prices of new officetels in the Gangnam area.
Located in the heart of Gangnam-daero with double station access to Sinbundang Line and Line 2
'Luca831' will be developed with a total of 337 units ranging from 50 to 71㎡ in exclusive area, spanning from 7 basement floors to 29 above-ground floors. The project is implemented by Mastern No.67 Gangnam One PFV, and the construction is handled by Hyundai Engineering, recognized for the brand power of 'Hillstate' and differentiated construction capabilities.
Hyundai Engineering is a comprehensive plant engineering construction company, ranking 6th in last year's construction capability evaluation, making it one of Korea's leading construction firms. It has also enhanced its global reputation through overseas construction orders, establishing itself as a global engineering powerhouse. The apartment brand 'Hillstate' continues to maintain high preference by ranking first in various brand survey indicators.
The location advantage includes being situated at the Woosung Apartment intersection on Gangnam-daero, a major transportation hub. Gangnam Station, a double station area served by the Sinbundang Line and Line 2, is about a 5-minute walk away, providing convenient transportation. The first phase of the Sinbundang Line extension connecting to Sinsa opened last May, and the northwest extension project is underway according to the 4th National Railroad Network Construction Plan.
Accessibility to major Gangnam areas such as Gangnam Station Samsung Town, Teheran-ro, and Seocho Legal Town is excellent, along with abundant shopping facilities like Shinsegae Department Store Gangnam Branch and cultural facilities including the National Library and Seoul Arts Center.
Major development benefits including Gangnam Station complex development and Gyeongbu Expressway underground plan
There are abundant development benefits. According to Seocho-gu's 'Seocho-ro District Unit Plan Revision,' sites such as Lotte Chilsung, Kolon, and Lion Mising on Seocho-daero will be designated as special planning zones and developed into an international business and commercial complex center.
A project to underground approximately 6.4 km of the Seoul section of the Gyeongbu Expressway (from Hannam IC to Yangjae IC) is also planned. The former Information Service site near Seoripul Park will be developed into a future-oriented business, culture, and tourism complex. Additionally, the 'Yangjae AI Innovation District,' a global innovation hub for the 4th Industrial Revolution and AI industry, is planned in the Yangjae-dong area.
Providing upscale residential products and services with innovative design... rooftop infinity pool design
'Luca831' will offer various amenities and abundant concierge services for residents. The top floor will feature a rooftop garden with excellent city views, a bar and cabana, sunbeds, and a rooftop infinity pool, creating an atmosphere reminiscent of being abroad.
Convenience facilities such as GX and fitness centers will be provided, along with premium concierge services including valet parking, housekeeping, delivery, and catering, enabling residents to enjoy a top-tier lifestyle. Premium commercial facilities will be developed on the 1st and 2nd floors to enhance convenience.
'Luca831' applies an arch shape to the entire exterior facade and places an arched tunnel from the entrance inside to ensure visual beauty and protect residents' privacy.
The interior offers an open feeling with a high ceiling of approximately 2.9 meters. Window seats (about 2.7 meters) placed by the windows are provided free of charge, allowing for personal relaxation, reading, or use as a workspace during telecommuting. An innovative floor plan includes an 11-shaped kitchen with an island table approximately 2.7 meters long. All units are equipped with bathtubs, and magic mirror partitions, stylers, washing machines, and dryers are also provided free of charge.
Since it is supplied as an officetel, it is relatively free from stringent real estate regulations. Officetel pre-sale rights are excluded from the number of houses, offering benefits in acquisition tax and capital gains tax. The acquisition tax for officetels is fixed at 4%, so homeowners face relatively less tax burden compared to apartments. It is also relatively free from mortgage loan restrictions.
The promotional center is available for visits by prior reservation.
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