“Height itself is a premium” ... Supertall landmark apartments continue to post record-high sales

[Financial News] Record-high sales have recently continued among supertall landmark complexes in the real estate market. While high-rise apartments with sea views are selling for tens of billions of won, new complexes of 40 stories or more are also being supplied in places including Uijeongbu, Ansan and Ulsan, drawing considerable interest.
On the 12th, according to the Ministry of Land, Infrastructure and Transport’s Actual Transaction Price Disclosure System, a 124.35-square-meter unit at Raemian Caelitus in Ichon-dong, Yongsan District, Seoul, sold for 5.5 billion won in May, setting a record high. That was 250 million won more than the 5.25 billion won paid for a unit of the same size in June last year. The complex is a supertall apartment building along the Han River, known for its views and name recognition in the area.
Supertall complexes also performed strongly outside the capital region. A 161.98-square-meter unit at LCT The Sharp in Jung-dong, Haeundae District, Busan, changed hands for 4.05 billion won in September. That was 970 million won more than the 3.08 billion won paid for a unit of the same size in March.
Supertall apartments offer more floors and better views than ordinary complexes, contributing to higher resident satisfaction. Their visibility from a distance and imposing exteriors can also make them landmarks that serve as reference points when describing an area. Because of the nature of supertall complexes, they are often developed as mixed-use projects, allowing residents to enjoy a range of amenities within the complex.
A real estate industry source said, “Supertall apartments are scarce, so there tends to be steady pent-up demand regardless of market fluctuations,” adding, “Because their straightforward advantage of views is combined with the symbolism of being local landmarks, they tend to maintain a relatively stable asset-value trajectory.”
Meanwhile, supplies of high-rise residential and commercial complexes are set to continue in major urban centers in the capital region and elsewhere by the end of this year.
Yangwoo Construction is currently marketing the “Uijeongbu Station Felice Tower Yangwoo Naeanae,” in the area around 424 Uijeongbu-dong, Uijeongbu-si, Gyeonggi Province.
The complex, whose model home opened on the 6th, will have six basement levels and up to 49 floors above ground. Of its 1,252 apartments, 414 units with exclusive-use areas of 59 and 84 square meters will be offered for general sale.
The complex is set to be developed as an all-inclusive facility combining apartments with office and retail functions. It is within walking distance of Seoul Subway Line 1, the Uijeongbu Light Rail and the Gyooe Line, making it a “triple station-area” location. A Capital Area Great Train Express (GTX)-C line is also planned for Uijeongbu Station, which is expected to greatly improve access to Gangnam.
Its high-quality design, featuring specialized planning, is another highlight. The standard ceiling height has been raised to 2.5 meters, and the design provides up to 2.6 meters with a recessed ceiling, creating a sense of openness. Planned community facilities include an indoor swimming pool, fitness center, indoor golf facility and small library. A breakfast service for residents is also planned.
GS Engineering & Construction plans to develop Armuze Xi in the area around 586 Seongpo-dong, Sangnok District, Ansan-si, Gyeonggi Province. The complex will have six basement levels and up to 49 floors above ground, with 984 apartments and 370 officetel units, for a total of 1,354 units. Nearby amenities include Lotte Department Store and Lotte Mart.
Hyundai Engineering also plans to unveil Hillstate Ulsan Station River Foret this month in Block M5 of the Ulsan KTX Station Area Mixed-Use Special Development District. The complex will have three basement levels and up to 40 floors above ground, with 436 apartments and 298 officetel units. Its location next to Ulsan Station offers access to regional rail services.

[email protected] Choi A-young Reporter