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Seoul luxury apartments near $3 million mark go on sale
🇰🇷 South Korea /Economy & Trade

Seoul luxury apartments near $3 million mark go on sale

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • The 'Summit The Hill' apartment complex in Heukseok-dong, Seoul, is holding a no-substitute (musunwi) sale for three units.
  • These units are priced close to 3 billion won, making them accessible only to those with significant financial resources.
  • The sale is attracting considerable interest from potential buyers.

The 'Summit The Hill,' a prominent apartment complex in Seoul's Heukseok New Town, is drawing renewed attention as it offers a no-substitute (musunwi) sale for three remaining units. Located in Dongjak District, the development is considered a flagship property in the area.

Despite the small number of units available, the high price point is a significant factor. Each of the three units is priced at nearly 3 billion won (approximately $2.1 million USD). This substantial cost means that only individuals with considerable liquid assets can realistically consider applying for these properties.

The sale, which commenced on July 6th, is being conducted through the official Korean real estate platform, Apt. Special attention is being paid to this sale due to the property's prime location and the limited number of units available, creating a competitive environment for prospective buyers.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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