THE PEAK DOSAN, 633-3 Sinsa-dong, Gangnam-gu, Seoul

 

The Peak Dosan, in Partnership with DL E&C, to Achieve 'Artful Living'.

Herzog & de Meuron's First Residential Project in Asia, with DL E&C Confirmed as the Construction Company

Designed by World-Renowned Architects Herzog & de Meuron, Winners of the Pritzker Architecture Prize, Often Referred to as the 'Nobel Prize of Architecture'

Comprising a Total of 26 Units, Final Contracts to Begin Mid-October... Operating a 'Private Gallery' Near Dosan Park

‘The Peak Dosan,’ which has garnered attention as the first residential project in Asia by the world-renowned architects Herzog & de Meuron, has confirmed DL E&C (Daelim Industrial Construction) as its construction company and is accelerating its development.

On the 19th, developer RPSD announced that it recently signed a business agreement with DL E&C for the Peak Dosan project. Industry experts believe that the direction of the Peak Dosan project, which aims to achieve ‘Artful Living,’ aligns well with this partnership. The project has seen successful preliminary marketing efforts, including operating a private gallery and collaborations with Michelin-starred chefs, contributing to the smooth selection of the construction company.

DL E&C, the chosen construction company, has a history of delivering landmark high-end residential projects across the country, including Lucian Dosan 208, Layer Cheongdam, and the Jeju Parnas Hotel. Their portfolio also includes luxury constructions such as the Grand Josun Hotel, Sheraton Gangnam Hotel, Glad Yeouido Hotel, and Maison de Glad.

To mitigate risks associated with design changes and project delays due to the separation of design and construction phases, DL E&C plans to implement the Integrated Project Delivery (IPD) method, leveraging its experience in design, construction, maintenance, and operation. This approach aims to ensure the highest quality of construction. Additionally, DL E&C will support the project through pre-construction (Pre-Con) activities, including obtaining building permits, conducting safety assessments, and securing project financing (PF).

Meanwhile, The Peak Dosan is Set to Rise in Gangnam, Seoul with 26 Units Spanning 5 Basement Levels and 20 Above-Ground Floors

‘The Peak Dosan,’ located along Eonju-ro in the Gangnam district of Seoul, is planned to be a hyper-luxury residential complex, featuring 26 units across 5 basement levels and 20 above-ground floors. Designed exclusively by Herzog & de Meuron, this project aims to introduce a unique form of residential architecture that has never been seen before, with a focus on transforming living spaces into art. The current site, occupied by the POSCO Gallery, is under demolition, and final contracts are expected to begin in mid-October.

The design concept for The Peak Dosan revolves around the idea of a 'Stacked House,' which maximizes the experience of both horizontal and vertical living. This approach diverges from monotonous floor plans, providing a bespoke living space tailored to the residents. Inspired by the idea of stacking individual house-like units vertically within an urban environment, this innovative structure allows residents to enjoy the feel of a private home with garden access, combined with the benefits of city views and the convenience of urban living.

A project spokesperson commented, “This collaboration with a world-renowned architect positions The Peak Dosan as a ‘hyper-luxury residential project’ that appeals not only to traditional affluent clientele but also to younger wealth holders. With the involvement of a major construction company now confirmed, we are committed to creating a landmark that represents not only Korea but all of Asia.”

Currently, The Peak Dosan is operating a private gallery located directly in front of Dosan Park, where potential residents can experience the tranquil and serene lifestyle that the development promises. This space offers more than just information about the project; it also provides visitors with an opportunity to engage with content from leading artists across various fields, creating an immersive and unique experience.

PH129, Cheongdam-dong, Gangnam-gu, Seoul

 

The Penthouse Cheongdam (PH129) in Cheongdam-dong, Gangnam-gu, Seoul, Named South Korea's Most Expensive Apartment for Four Consecutive Years; Eterno Cheongdam Ranks Second.

The Penthouse Cheongdam (PH129), located in Cheongdam-dong, Gangnam-gu, Seoul, has been identified as the most expensive apartment in South Korea for the fourth consecutive year. This was followed by Eterno Cheongdam, which started occupancy earlier this year and ranked second.

According to the Ministry of Land, Infrastructure, and Transport's published data on the official property prices of joint residential properties for this year, PH129's 407㎡ units were valued at 16.4 billion KRW (approximately $12.7 million USD). This marks its fourth year as the nation’s most expensive property. The assessed value increased by 160 million KRW from last year’s 16.24 billion KRW. PH129 consists of 29 units in total, with only two of these being the 407㎡ units located on the top (20th) floor. The remaining 27 units (273㎡ each) recently recorded a transaction price of 14.5 billion KRW in April 2022.

This prestigious apartment is known to house several celebrities, including actor couple Jang Dong-gun and Ko So-young, renowned entrance exam tutor Hyun Woo-jin, and golfer Park In-bee. Since its completion in August 2020, PH129 has consistently held the top spot for the highest appraised value of any joint residential property in South Korea.

Eterno Cheongdam, also located in Cheongdam-dong, Gangnam-gu, debuted this year in second place. This luxury residential complex started occupancy earlier this year and also consists of 29 units. The decision to build such high-end apartments with only 29 units is strategic; constructing joint residential properties with fewer than 30 units in overheated speculation districts allows developers to avoid price cap regulations and public lottery requirements. As a result, many ultra-luxury apartments in areas like Cheongdam-dong are designed to have just 29 units.

The official price for the sole penthouse unit on the top (19th) floor of Eterno Cheongdam, which measures 464㎡, is set at 12.86 billion KRW (approximately $10 million USD). This complex was designed by Rafael Moneo, a Spanish architect and Pritzker Architecture Prize laureate. The building also attracts celebrities; singer IU reportedly purchased a 244㎡ unit for 13 billion KRW, while actor Song Joong-ki acquired one for 15 billion KRW.

Nine One Hannam in Hannam-dong, Yongsan-gu (244㎡), previously ranked second, dropped to third place this year with an official price of 10.67 billion KRW. Hannam The Hill (244㎡), which was third last year, fell to fourth place with an assessed value of 9.892 billion KRW. Acro Seoul Forest in Seongsu-dong 1-ga, Seongdong-gu (273㎡), maintained its position at fifth place with a valuation of 9.087 billion KRW.

Parc Hannam in Hannam-dong, Yongsan-gu (268㎡), ranked sixth with an official price of 8.946 billion KRW, while Galleria Foret in Seongsu-dong 1-ga, Seongdong-gu (271㎡), took the seventh spot at 7.769 billion KRW.

Among large complexes with over 1,500 units, Acro River Park in Banpo-dong, Seocho-gu (234㎡), is the only one in the top 10, ranking eighth with a valuation of 7.498 billion KRW. However, there is only one 234㎡ unit in the entire 1,612-unit complex, located on the 35th floor. The I-Park Samsung in Samseong-dong, Gangnam-gu (269㎡), which is in 10th place with an official price of 7.151 billion KRW, has just two units in the complex. These units, being top-floor penthouses, offer a panoramic view of the Han River.