In Seoul's exclusive Banpo dong neighborhood in Seocho gu, Raemian One Bailey offers four bedroom, three bathroom residences with 1,959 square feet of modern living space. Priced at $9.5 million, the property sits ideally near Express Bus Terminal Station with access to subway lines 3, 7, and 9, providing seamless connectivity throughout Seoul's vast metro system. The location puts you steps from premium shopping destinations and Seoul St. Mary's Hospital, one of Korea's leading medical facilities. This is luxury apartment living designed for families and professionals who want the best of Seoul's Gangnam area without compromising on space, amenities, or convenience. The building combines modern elegance with practical urban living in one of the city's most desirable addresses.
The exclusive residence features top tier amenities including a 25 meter swimming pool and state of the art fitness facilities that rival private clubs. These aren't afterthought amenities but carefully designed spaces that residents actually use daily. Banpo dong's reputation as a family oriented neighborhood is supported by its concentration of renowned schools, making this location particularly attractive for Korean families prioritizing education. The area balances residential tranquility with urban energy, offering tree lined streets along the Han River while maintaining quick access to Gangnam's business districts, luxury shopping in Apgujeong, and entertainment options throughout southern Seoul.
Living in Banpo dong means being part of Seoul's established wealthy enclave, where generations of successful Korean families have maintained homes. The neighborhood sits along the Han River, providing park access, riverside bike paths, and open space rare in dense Seoul. The Express Bus Terminal location is particularly valuable, as it connects not just to Seoul's subway network but also to intercity bus services for travel throughout Korea. For international residents or Korean families with global connections, the area offers good access to international schools, Western style supermarkets, and expat communities. The combination of Korean tradition and international amenities creates a comfortable environment for diverse residents.
Seoul's luxury apartment market, particularly in Gangnam area districts like Seocho gu, operates under unique dynamics shaped by Korea's education obsession, chaebols (family owned conglomerates), and intergenerational wealth transfer patterns. Apartments in prestigious complexes like Raemian developments have become de facto stores of wealth for upper middle class and wealthy Koreans, with prices in top tier buildings showing minimal correlation to actual construction costs and instead reflecting school district quality, brand reputation, and social status. Banpo dong specifically sits within Seoul's "Daechi dong education belt," where apartments can command premiums of 40 to 60% over comparable units just blocks away due to school district boundaries. South Korea has the world's highest household debt to GDP ratio at 104%, much of it driven by real estate purchases in neighborhoods like this, where families leverage heavily to secure housing in top school districts. The Korean government's repeated cooling measures (over 25 different policy interventions since 2017) have failed to meaningfully impact prices in premium Gangnam area locations, which have actually appreciated 91% over the past decade despite these restrictions. Interestingly, the buyer profile for units above $5 million in Banpo is shifting, with 31% now purchased by individuals under age 40, up from just 12% in 2015, reflecting wealth creation in Korea's technology and entertainment sectors (gaming, K pop, cosmetics) that rewards youth and innovation over traditional corporate ladder climbing.
