Among the districts in Seoul, Gangdong-gu is gaining attention for its high demand for monthly rent and jeonse (long-term deposit lease), and a high-end officetel is currently being offered for sale, attracting the interest of potential tenants.
According to KB Real Estate data, as of September 2022, the comprehensive housing jeonse price index in Gangdong-gu, Seoul, was 101.1, ranking sixth highest among the 25 districts in Seoul, following Yeongdeungpo-gu (102.7), Dobong-gu (102.0), Yongsan-gu (101.8), Gangbuk-gu (101.8), and Gangseo-gu (101.3).
Additionally, the average apartment jeonse price in Gangdong-gu was 7,682,000 KRW per square meter, which is a 3.2% increase compared to the price of 7,443,000 KRW per square meter one year ago. Compared to three years ago (5,190,000 KRW per square meter), it has increased by a remarkable 46%.
In particular, Gangdong-gu is home to Gangdong Seongsim Hospital, Godeok Biz Valley, Gangdong Cheomsan Industrial Complex, and Gangdong General Industrial Complex, providing abundant demand for monthly rent. As a result, monthly rents are set at high prices, and vacancies are hard to find.
Despite the high prices and strong rental demand for monthly rent and jeonse in Gangdong-gu, the supply of officetels accounts for only about 7% of Seoul’s total supply. Especially, looking at the supply status of officetels in Gangdong-gu, 84.4% are small-sized studio types, making two-room or larger residential officetels increasingly rare.
Amid this, ‘D-Unique Gangdong Twenty-First,’ currently being sold in Gildong, Gangdong-gu, is a residential high-end officetel located in Gangdong-gu with abundant demand, making it suitable for rental business. It offers a range of units including two-room types and penthouses on the top floors, which are rarely supplied, making it a highly sought-after residential product with both rarity and marketability.
Moreover, it offers contract holders an interest-free benefit on intermediate payments, so with only a 10% down payment, there is no financial worry until move-in. This reduces the burden on buyers during the current period of rising interest rates, and contracts are proceeding smoothly. Being a product with fewer than 100 units and allowing immediate resale upon contract is also a major factor driving contracts in the Seoul sales market.
Additionally, D-Unique Gangdong Twenty-First is the only high-end product in Gangdong-gu and provides various concierge services operated by the SL Platform (formerly Socio Living), including breakfast, laundry, pet care, and secretary services. Depending on the unit type, spacious walk-in closets and pantries are also included, applying apartment-level space designs, making it a differentiated officetel that reflects the prestige of the Gangnam 4 districts within Gangdong-gu.
The location is excellent. It enjoys a double station premium with Gangdong Station and Gildong Station on Subway Line 5 nearby. Proximity to Gildong Natural Ecological Park, Hyundai Department Store, E-Mart, and Godeok Complex is also notable. Furthermore, it is expected to be developed in Gangdong-gu, where redevelopment is actively underway along Cheonho-daero, including Dunchon Jugong, known as the largest-scale reconstruction since the founding of Korea, promising high future value.
Meanwhile, D-Unique Gangdong Twenty-First consists of 63 officetel units with exclusive areas ranging from 28 to 84 square meters, 7 live office units, and neighborhood living facilities, spanning from three basement floors to 20 floors above ground.
A model house is currently open, and pre-sale is being conducted on a first-come, first-served basis for some remaining units.
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