Yongsan real estate faces fundamental changes
Realtor Jee KimBy Jon DunbarAs the U.S. military continues moving out and construction companies begin drawing up redevelopment plans, foreign residents of Yongsan-gu in central Seoul are likely to notice changes, but realtor Jee Kim advises against panic. She works for World Real Estate Company providing real estate services for foreigners from around the world, mainly military personnel, corporate employees and embassy personnel. Her office is in Hannam-dong, just uphill from Soonchunhyang University Hospital and a stone’s throw from the recently demolished towers of Hannam Village, a former U.S. military housing compound. A sign over her office window offers services in Pyeongtaek where the U.S. military is relocating, as well as Godeok New Town, a redevelopment project in southeastern Seoul.Many realtors are following the military south, but Kim, who grew up in Yongsan-gu, continues to serve the area, especially Hannam, Itaewon, Haebangchon and Gyeongnidan, where housing ranges from cheap hillside hovels and affordable walk-ups to luxurious high-rises.“Actually becaus
Dec 12, 2017