Exploring the Trendy Hub of Gangnam: Sinsa-dong
Sinsa-dong in Gangnam-gu is a unique area known as a mecca for trendsetters and the heart of fashion and gastronomy in South Korea. Nearby, the renowned Garosu-gil and Serosu-gil streets have become global tourist attractions, attracting both domestic and international visitors eager to experience sophisticated flagship stores, concept shops, and chic cafes. Recently, high-end dining establishments and luxury brand stores near Dosan Park have emerged as key points of interest, evolving the area into a more upscale cultural space.
Especially, the trendy alleyways connecting to Apgujeong Rodeo Street are popular among the younger crowd, while the nearby Han River Citizen Park is cherished by locals who enjoy urban night views and leisurely walks.
Location: 510 Sinsa-dong, Gangnam-gu, Seoul, Case No: 2025-102253(1)
Auction Overview
Case Number: 2025-102253(1)
Location: 510 Sinsa-dong, Gangnam-gu, Seoul
Type: Neighborhood Facility
Building Area: 2,052.47㎡ (620.87 pyeong)
Land Area: 834.9㎡ (252.56 pyeong)
Appraised Value: 44,541,117,000 KRW
Starting Bid: 35,632,893,600 KRW (80%)
Deposit: 3,563,289,360 KRW
Bidding Court: Seoul Central District Court
Bidding Date: March 10, 2026
Building Structure
This building, approved for use in October 1981, consists of one basement level and four above-ground floors. It is designed with a reinforced concrete structure and concrete roof, and the exterior is finished with sturdy stone cladding, harmonizing with the aesthetics of the Gangnam area. The interior walls are treated with paint over mortar and some tiled finishes, and the windows are practical sash structures.
Floor Utilization
The total floor area is approximately 616.63 pyeong, with all floors utilized as neighborhood facilities.
Basement 1 (approx. 124.25 pyeong): Currently operating as a spacious neighborhood facility.
1st Floor (approx. 127.14 pyeong): Used as accessible commercial space.
2nd Floor (approx. 125.23 pyeong): Designated for neighborhood facilities.
3rd Floor (approx. 125.23 pyeong): Commercial and office space similar to the 2nd floor.
4th Floor (approx. 114.80 pyeong): Utilized as a neighborhood facility.
Key Facilities
The building is equipped with elevators for tenant convenience and basic sanitary and plumbing facilities. Fire safety measures include a fire hydrant system. The first floor also features a parking management office and a multipurpose room, both of which are considered auxiliary structures. This property is situated in a residential area with a land area of about 252 pyeong, managed with a building coverage ratio of 50.34% and a floor area ratio of 194.96%.
Located near the trendy Sinsa-dong Garosu-gil, this property benefits from high foot traffic and is strategically positioned in a vibrant commercial district.
Images:
Source :https://blog.naver.com/asa3471/224148888341
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