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    Deal detail

    Browse Samjong KPMG's control sale, investment, and real-estate opportunities in one place.

    Quasi-residential-zone site approved for officetel development (B5/10F)Published real estate deal

    Mario E&C Cheongdam Building

    Immediately developable site with an officetel building permit and tenant vacancy process already completed

    Asset typeQuasi-residential-zone site approved for officetel development (B5/10F)
    LocationSamseong-dong, Gangnam-gu, Seoul
    AreaSite area: 275 pyeong; gross floor area: approximately 2,187 pyeong
    AskingKRW 90 billion
    Target buyerCompanies seeking to develop an officetel project in Gangnam-gu

    Investment highlights

    • Immediately adjacent to the Cheongdam Station intersection on Seoul Subway Line 7, offering value-appreciation potential as quasi-residential land prices continue to rise
    • Numerous major developments—including the Yeongdong-daero Transit Center, Jamsil MICE complex, former Prima Hotel site, and Hyundai Motor Group GBC—provide strong development catalysts

    Deal partner

    Kyungchan Kang, Partner