Mok-dong Yunseul Xi
Overview
Mok-dong Yunseul Xi is a large-scale apartment complex built by GS E&C in the Mok-dong area of Yangcheon-gu, Seoul. The complex was newly built by reconstructing old deteriorated apartments in Mok-dong, and it is evaluated as having revived “Mok-dong’s pride” by achieving excellent subscription results in its 2024 sale. The name “Yunseul” is a pure Korean word meaning the beautiful moment when sunlight sparkles on clear water, reflecting the complex’s landmark character with views of the Han River and Anyangcheon Stream.
Main Details
Location and Transportation
Mok-dong Yunseul Xi is located in the central living zone of Mok-dong, Yangcheon-gu. Mok-dong Station and Yangcheon-gu Office Station on Seoul Subway Line 5 are within walking distance, and access to the Seobu Urban Expressway, Olympic Expressway, and Gangbyeon Expressway is also excellent, making travel to downtown Seoul convenient. Residents can share the abundant living infrastructure of the Mok-dong New Town, and the complex is also close to landmark buildings such as nearby Hyperion.
Complex Composition and Design
The apartment complex consists of 3 basement levels and up to 49 above-ground floors, with about 1,300 households across approximately 8 buildings. Exclusive floor areas range from 49㎡ (small) to 178㎡ (very large), and in particular the 84㎡ and 114㎡ types, as the main housing types, attracted great interest from buyers. Each household combines 4-bay flat-type and tower-type layouts, with some buildings arranged to allow Han River views. Community facilities are planned to include a large fitness center, golf simulators, study rooms, a daycare center, and a guesthouse.
Union Project and Sales Process
Mok-dong Yunseul Xi was created through a fast-track integrated planning project to reconstruct low-rise residential areas in Mok-dong. After receiving union establishment approval in 2022, the contractor was selected in 2023, and the housing supply rules were approved in early 2024 before sales proceeded. At the time of sale, the general sale supply totaled about 400 households, and winners were determined through document screening. In particular, in the subscription held in the first quarter of 2024, the average competition rate exceeded 50 to 1, demonstrating strong demand for new apartments.
Sale Price and Market Reaction
Sale prices by area were set at about KRW 1.2 billion for exclusive 84㎡, a relatively reasonable level compared with nearby new complexes. This was possible because the sale price was formed at 70–80% of the surrounding market price due to the sale price upper limit system and the fast-track integrated planning. As end users and investors rushed to compete, inquiries using subscription savings accounts poured in, and on the first day of contracts the event venue was crowded with people. Despite the resale restriction period applied after the sale, expectations for the formation of premiums remain in the market.
Surrounding Environment and Educational Infrastructure
The Mok-dong area has excellent school districts and many parks, making it highly preferred for residential living. Elementary, middle, and high schools are within walking distance of the complex, and Mok-dong’s famous private academy district and cultural facilities (Mok-dong Baseball Stadium, Mok-dong Community Center, shopping malls, etc.) are also easily accessible. Various bus routes make public transportation convenient, and the large landscaped area within the complex enhances comfort.
Latest Trends
After its 2024 sale, Mok-dong Yunseul Xi is accelerating preparations for move-in following the successful completion of contracts. Ahead of the move-in scheduled for the second half of 2025, structural work and interior finishing are currently in full swing, and GS E&C, conscious of safety incidents in recent years, is strengthening safety management and quality-related procedures. Reflecting the sales market situation, as the government pursued deregulation at the end of 2024 and some absolute sale price caps were lifted, attention is being paid to whether the supply of remaining households will be adjusted. In addition, once move-ins begin, the complex is expected to have a considerable impact on jeonse prices in the Mok-dong area and to become a new benchmark for the local real estate market. In the local community, there are expectations that the move-in of this complex will give further momentum to the promotion of reconstruction of existing old housing. Market experts analyze that the price and move-in trends of Mok-dong Yunseul Xi will serve as a barometer for the reconstruction market in the southwestern part of Seoul.
Related Topics
- [[Mok-dong New Town Apartments]]
- [[Yangcheon-gu]]
- [[GS E&C]]
- [[Reconstruction Project]]
- [[Pre-sale Apartments]]