Ricardi Aston Cheongdam Confirms Sangji Caelum Co., Ltd. as Final Construction Company.
Astor Development, a real estate developer, has recently signed a construction contract with Sangji Caelum Co., Ltd. for the new “Ricardi Aston Cheongdam” project. Construction is set to begin in the first half of 2024, with completion scheduled for the second half of 2027.
Poised to become a new landmark in Cheongdam-dong, Gangnam District, Seoul, “Ricardi Aston Cheongdam” will feature a 20-story high-rise with 4 basement levels, consisting of 12 officetel units with exclusive areas ranging from 172 to 206 square meters. Notably, the design includes a super high-rise structure reaching a height of 105 meters, making it the tallest building along Yeongdong-daero.
Sangji Caelum Co., Ltd., the confirmed construction company, is recognized as a first-generation builder leading the luxury residential market in Korea. It owns prestigious brands such as Sangji Ritzville and Sangji Caelum, and has extensive experience in constructing landmark luxury residential complexes in prominent affluent areas such as Cheongdam-dong, Daechi-dong, and Seocho-gu.
Having completed nine luxury residential complexes in Cheongdam-dong alone, and with its headquarters also located there, Sangji Caelum Co., Ltd. is considered the construction company with the deepest understanding of the luxury residential culture in Cheongdam-dong. The company is highly trusted and preferred in the area due to its thorough post-construction services, including defect repairs and after-sales service management.
With Sangji Caelum Co., Ltd. confirmed as the construction company for “Ricardi Aston Cheongdam,” the project is expected to gain significant momentum.
“Ricardi Aston Cheongdam” is designed as a high-end residential space consisting of 12 luxury loft type single penthouses. Each floor houses one unit, maximizing privacy. The loft style design provides an impressive ceiling height of 7.3 meters for each unit.
The loft type layout ensures that even lower-floor units (starting from the 3rd floor) offer views comparable to the 10th floor of a typical apartment. In “Ricardi Aston Cheongdam,” all units can enjoy the Han River view, a privilege usually reserved for higher floors.
The project will also offer an "ALL-Customizing" service, allowing residents to choose everything from the floor plan to the design concept and finishing materials, excluding the main structural components. This service is tailored to meet the discerning tastes and preferences of affluent individuals, distinguishing it from other luxury residential complexes.
Recently, Seoul's regulatory changes have eased land transaction permit restrictions for properties other than apartments. As a result, “Ricardi Aston Cheongdam,” provided as officetels, allows for more freedom in acquisition and disposal. With fewer than 100 units available, immediate resale upon contract signing is also possible.
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