Despite Rising Construction Costs and Interest Rates, 'Giselle Lifegraphy Seocho' Offers Less Burden

- Exceptional benefits such as 7-year deferral on 30% balance payment and option to decide on repurchase after 7 years
- Located near the Seoripul complex development area... Complete infrastructure for culture, transportation, and education

Recently, due to rising construction costs and interest rates, there has been a nationwide phenomenon where pre-sale prices surpass the market sale prices. According to Real Estate R114, as of 2024, the average nationwide apartment pre-sale price is 20.63 million KRW per pyeong, which is 1.45 million KRW higher than the market sale price of 19.18 million KRW per pyeong. In particular, in Seoul, the pre-sale price is set at 48.2 million KRW per pyeong, which is 5.2 million KRW higher than the market price of 43 million KRW. This is analyzed as a direct effect of increased construction, labor, and logistics costs, along with the relaxation of the pre-sale price ceiling system.

In this situation, complexes offering financial benefits that can alleviate the initial burden caused by high pre-sale prices are gaining attention. Notably, ‘ZIZEL LIFE GRAPHY SEOCHO,’ supplied in Seocho-dong, Seocho-gu, has significantly reduced the initial financial burden through exceptional financial benefits such as a 5% down payment and a 7-year deferral of the remaining 30%. Additionally, reflecting the revised ordinance allowing balconies in officetels implemented from early 2024, balconies have been added to some units while keeping the pre-sale price frozen, achieving both residential satisfaction and economic practicality.

‘ZIZEL LIFE GRAPHY SEOCHO,’ located in Seocho-dong, Seocho-gu, Seoul, is developed on a land area of 3,048.10㎡, consisting of 6 basement floors to 22 above-ground floors, with a total of 399 officetel units. The units are composed of Exclusive Area A Type 56.42㎡ (105 units), A-1 Type 56.42㎡ (42 units), B Type 59.83㎡ (147 units), C Type 69.51㎡ (21 units), and D Type 56.16㎡ (84 units).

The complex features a design divided into two towers considering pedestrians and the surrounding environment. The first floor is designed with an 8-meter-high arch-shaped pilotis, with a garden space under the arch providing a pleasant street environment.

Inside, there are four types tailored to the lifestyles of 2-3 person households. Each type applies a 2ROOM, 2BATHROOM layout that aligns with the latest residential trends, and offers ample storage space such as walk-in closets to maximize space efficiency. Top-grade interior finishes are provided free of charge.

Community facilities for residents include a fitness club, swimming pool, rooftop garden, and neighborhood living facilities with a bakery space accommodating about 180 seats, enhancing both convenience and cost efficiency for residents.

‘ZIZEL LIFE GRAPHY SEOCHO’ is an officetel planned in a prime location in Seocho-dong, Seoul, boasting excellent transportation networks, superior educational environments, and residential convenience as its greatest advantages.

The complex is located within a 5-minute walk to a triple station area with Seoul Subway Line 3’s Nambu Terminal Station and Line 2’s Seocho Station and Gyodae Station nearby. It also offers easy access to major transportation routes such as the Gyeongbu Expressway, Seocho IC, and Nambu Sunhwan-ro. Furthermore, the ‘Gyeongbu Expressway Underground Project’ scheduled for the section between Hannam IC and Yangjae IC is expected to alleviate chronic traffic congestion upon completion, making the residential environment even more convenient.

In addition to transportation, various infrastructures for daily convenience are densely located around the complex. Shinsegae Department Store, National Library of Korea, Catholic University Seoul St. Mary’s Hospital, and Seoul Arts Center are nearby, facilitating shopping and daily life needs. Moreover, the natural environment including Umyeonsan Mountain and Seoripul Park adds to the location’s competitiveness.

The complex also boasts a prestigious school district within the ‘Gangnam 8 School District,’ known as the top academic zone in Seoul. It is adjacent to schools included in the 8 School District such as Seocho High School, Seoul High School, and Sangmoon High School. Various prestigious schools, academies, and study rooms are also nearby, making it ideal for families with school-age children in their 30s and 40s.

The future value of the area is also excellent. The former Information Service Command site in Seocho-gu is being developed into an eco-friendly cultural and arts complex town. This project, covering an area of 96,795㎡?equivalent to 13 soccer fields?is expected to create about 30,000 jobs and establish a cultural cluster linked with the Seoul Arts Center, Lotte Chilsung and Kolon sites, Seoripul Park, and Saebitseom.

Additionally, R&CD developments are underway in the Yangjae, Umyeon, and Gaepo areas. Seocho-gu expects that upon completion of the Yangjae R&CD Special Zone project, approximately 15,000 high-quality jobs will be created, including positions for global companies and university researchers.

Currently, the ‘ZIZEL LIFE GRAPHY SEOCHO’ gallery house is located in Seocho-dong, Seocho-gu, and operates by prior visit reservation.