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The Top 'Flex' of Young Wealthy Individuals: Vibrant Luxury Real Estate Market, Spotlight on 'Rapent Hill'

As the number of young wealthy individuals known as the "Young and Rich" increases, the luxury real estate market is being revitalized. Younger asset owners tend to pursue value consumption and consider owning luxury real estate itself as a form of "Flex," establishing it as a cultural phenomenon.


Recently, wealthy individuals have been proudly revealing their luxury properties, and top-tier homes owned by celebrities are frequently featured on TV programs and in newspaper articles. For instance, the "PH129" complex located in Cheongdam-dong has attracted attention as it is known to be home to actor Jang Dong-gun and golfer Park In-bee. The exclusive area of 273㎡ in this complex was traded for a staggering 14.5 billion KRW in April. It is literally the most expensive apartment and a true flex.


Additionally, in March, it was reported that G-Dragon made a 16.4 billion KRW cash flex by purchasing a penthouse at "Nine One Hannam." "Nine One Hannam" is owned by many young celebrities in their 20s to 40s, including BTS members RM and Jimin, and singer Jang Yoon-jung.


An industry insider stated, "In the past, real estate investment was mainly dominated by older age groups, but recently, young wealthy individuals have been much more active in investing. Especially, they often choose differentiated and scarce luxury residential products rather than ordinary apartments that anyone can own, aiming to have both investment value and symbolic significance."

The Top 'Flex' of Young Wealthy Individuals: Vibrant Luxury Real Estate Market, Spotlight on 'Rapent Hill'

The "Lafent Hill" complex, located in Gwangsan-gu, Gwangju, is also attracting the attention of young wealthy individuals. It stands out as a luxury residential complex boasting the highest prices in Gwangju, and all units are designed as large penthouses, which are rare in Gwangju, offering high scarcity and symbolic value, making it irresistibly attractive to the Young and Rich.


Notably, "Lafent Hill" gained attention as former baseball player Yoon Seok-min signed a contract for a unit there. The average sale price for the exclusive area of 201㎡ in this complex reaches 2.3 billion KRW, and the largest unit type of 244㎡ is priced at 3.8 billion KRW, marking the highest price in Gwangju.


The interior and exterior of the complex are planned to elevate everyday aesthetics through sophisticated design and interior work. The tall twin towers have a substantial presence, and the luxurious curtain wall look combined with protruding terrace designs boast a three-dimensional and aesthetic exterior.


Moreover, the interior will feature imported furniture typically seen only in top-tier homes or hotels. Renowned European luxury furniture brand Febal Casa, Italian faucet brand Gessi, Italian hood brand Elica, Swiss AXENT, American Kohler, and American Standard are among the famous international brands to be installed.


Another advantage is the possibility of private and leisurely living. "Lafent Hill" has elevators arranged by line for private use, and each unit features a dedicated elevator hall, allowing residents to live securely in their exclusive spaces. Additionally, the interior layout respects privacy by separating the flow between private spaces (bedrooms) and common areas (living room, kitchen) with a modern floor plan.


Customized community facilities for residents will also be established, enabling them to form their own society. Facilities include a relax fitness space for health improvement, yoga & meditation rooms, and a multipurpose lounge. Furthermore, a private studio for small group gatherings will be provided, allowing residents to enjoy leisure activities and a satisfying, relaxed lifestyle.


The complex is located in Wolgye-dong, Gwangsan-gu, Gwangju Metropolitan City, consisting of two buildings from three basement floors to 22 floors above ground, with a total of 72 units ranging from 201 to 244㎡ in exclusive area. The construction company is Hyundai Engineering & Construction.


"Lafent Hill" opened a private lounge, a step above typical model homes, on the 14th and has begun full-scale sales. The private lounge operates by appointment only, and visits can be reserved through the official website.


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.


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