- Prime Location Just 2-Minute Walk from National Assembly Station on Seoul Metropolitan Subway Line 9
- Excellent Living Infrastructure Including Financial Business District, Yeouido Hangang Park, Hyundai Department Store, IFC Mall, and Yeouido Station
‘Parkraum Yeouido’ successfully concluded its subscription, demonstrating outstanding performance since it began on May 16.
The next subscription schedule for ‘Parkraum Yeouido’ includes the announcement of winners on May 24, followed by official contracts being signed over a total of 7 days from May 25 to May 31.
Yeouido, where the complex is located, is set to undergo large-scale development as a core area of South Korea, heralding a major transformation akin to Manhattan. The Seoul Metropolitan Government has announced various urban development policies, including rapid integrated planning and the abolition of the 35-floor rule.
Most notably, the Yeouido Financial Central District Unit Plan has been announced, expected to have a significant impact on the real estate market. To establish Yeouido as an international digital financial hub, drastic regulatory relaxations have been implemented, such as setting a floor area ratio of over 1,000%.
Additionally, Yeouido was fully removed from speculative overheating zones, adjustment target areas, and speculative zones earlier this year due to real estate policies. Major reconstruction complexes have simultaneously raised their asking prices, and Yeouido officetels have attracted high subscription competition rates due to excellent location conditions with no vacancy concerns.
‘Parkraum Yeouido’ is conveniently located within walking distance of National Assembly Station on Seoul Metropolitan Subway Line 9, a prime station. As is typical for Yeouido officetels, it offers the major advantage of large-scale living infrastructure accessible on foot. Similarly, it provides easy access to the financial business district, Yeouido Hangang Park, Hyundai Department Store, IFC Mall, Yeouido Station, and Yeouido transfer parking lot.
Furthermore, residents will directly benefit from infrastructure including the soon-to-be-completed Western Line, Sinansan Line, Sillim Line, and GTX-B Metropolitan Express Railway (scheduled to open). Yeouido Full Gospel Church, the National Assembly, and KBS Broadcasting Station are right in front, providing a solid demand base.
In particular, as an officetel in Yeouido offering a high-income-based live-work premium, it features location conditions that allow residents to freely enjoy the very center of Yeouido life. Specialized designs for residents and excellent metropolitan accessibility in Seoul are also attractive features.
A representative of ‘Parkraum Yeouido’ stated, “The subscription competition rate for B and C types recorded over 47.1 to 1,” adding, “With abundant demand in the background, contracts are expected to proceed smoothly.”
Meanwhile, the Parkraum Yeouido promotional center is located in the Yeouido-dong area of Yeongdeungpo-gu.
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