Cheonwang Station Moaelga Treview with Proximity to Work and Residence, Special Sale Conducted

- Convenient commuting environment close to Guro and Gasan Digital Complex... Near Gwangmyeong Traditional Market
- Pleasant residential environment expected with multiple urban environment improvement projects including Cheonwang Station area

‘Cheonwang Station Moa Elga Treview,’ currently being sold in the Oryu-dong area of Guro-gu in the southwestern part of Seoul, is attracting great attention from buyers due to its excellent proximity to workplaces. Amid the recent downturn in the real estate market, buyers are focusing on selecting a ‘smart single property,’ with proximity to work being a key factor.

The complex is located in Oryu-dong, Guro-gu, adjacent to Cheonwang-dong, which hosts the Guro Digital Complex and Gasan Digital Complex, where about 150,000 workers are employed, providing an excellent commuting environment. It takes about 10 minutes by subway from the complex to Gasan Digital Complex, and it is also about 20 minutes away from Guro Digital Complex.

Additionally, the mammoth-scale commercial facility, Gwangmyeong Traditional Market, which spans Guro-gu, Geumcheon-gu, and Gwangmyeong City, is located on Urban Railway Line 1. The Bupyeong Korean GM factory is also about 20 minutes away by subway toward Incheon, broadening the range of workplace proximity.

‘Cheonwang Station Moa Elga Treview’ also offers convenient access to major business districts in Gangnam. The complex is located about a 1-minute walk from Cheonwang Station on Seoul Subway Line 7. Using Cheonwang Station, it is possible to reach major business districts such as Gangnam Express Bus Terminal Station and Nonhyeon Station directly within 30 minutes. It is also easy to transfer to Seoul Subway Line 1 at Onsu Station, just one stop away from Cheonwang Station.

Furthermore, transportation improvements are underway, promising even more convenient metropolitan transit networks in the future. Several railway projects, including the Daegok-Sosa Line and the New Guro Line, are planned near the complex, and the GTX-B line (planned) is also becoming a reality. Car travel is convenient via Nambu Beltway and Seoul Outer Ring Road.

The complex also has numerous educational facilities, attracting interest from parents. Nearby are Oryu Nam Elementary School and its affiliated kindergarten, Onam Middle School, Wooshin Middle and High School, and Sejong Science High School, among many other elementary, middle, and high schools.

Various lifestyle infrastructures are also well established. Commercial and cultural facilities such as large supermarkets, Homeplus Express, and Lotte Cinema are available, along with many public offices including Cheonwang Police Station, Oryu Health Center, and Guro Post Office. Additionally, Cheonwang Mountain and Gaewoon Mountain are nearby, offering pleasant leisure activities. Within Cheonwang Mountain, there is a family camping site of about 27,550㎡ and Cheonwang Urban Natural Park, while Gaebong Park and Gaewoon Mountain Park are adjacent within Gaewoon Mountain. Notably, the Guro Olle Trail leading to Cheonwang Mountain is close by, providing excellent accessibility.

In addition to this excellent residential environment, ‘Cheonwang Station Moa Elga Treview’ offers special benefits to contract holders. First, a staggered payment system for the down payment reduces the financial burden. Second, interest-free payments on interim payments alleviate concerns about loan interest rates. Balcony expansions are also provided free of charge, further reducing costs for buyers. Moreover, for the 84㎡ type, additional loans are available depending on individual credit ratings, expanding the scope of interest-free benefits.

Positive effects from the real estate measures announced by the government on November 10 are also anticipated. The measures advanced the planned easing of LTV regulations from early 2023 to December 2022 and relaxed tax support conditions for first-time homebuyers. In particular, to expand support for actual buyers, exceptions to acquisition tax reduction recovery were strengthened, lowering tax burdens.

The expansion of LTV limits within regulated areas is also a positive factor. Loan limits for actual buyers were increased from 400 million KRW to 600 million KRW. Under government leadership, new loan products have also been introduced. A special Bogeumjari Loan, which expands housing price and income requirements compared to the existing Bogeumjari Loan, is expected to be operated.

A sales official explained that ‘Cheonwang Station Moa Elga Treview’ is expected to attract higher interest than before as it directly benefits from the government’s recent real estate measures.

The sales official of ‘Cheonwang Station Moa Elga Treview’ advised, “This complex offers excellent proximity to workplaces as well as abundant financial benefits, making it an attractive new development for buyers during the downturn. While the existing infrastructure is excellent, numerous redevelopment projects are expected to improve the residential environment, giving the area potential for significant premium growth in the future.”

Convenient living within the complex is also possible. The complex features about 222 pyeong (approx. 733 m²) of a separate three-story public daycare center, about 600 pyeong (approx. 1,983 m²) of a two-story public library, reading rooms, a book caf?, kids’ room, fitness center, G/X room, and other abundant community facilities.

Meanwhile, ‘Cheonwang Station Moa Elga Treview’ is being developed on a scale of 440 households across four buildings, ranging from 67 to 84㎡, with 140 units for general sale, spanning from four basement floors to 26 floors above ground. A housing exhibition center is currently in operation.

This content was produced with the assistance of AI translation services.