Local Real Estate Market Summary in Pyongyang, Korea, North
1. Ryugyong Hotel
Unfinished skyscraper since 1987, now a symbol of Pyongyang's modernization.
- Inaccessible to Public: Due to its unfinished state, it is not open for public visitation.
- Height and Design: With a height of 105 stories and unique cylindrical design, it's an architectural marvel.
- Real Estate Potential: Once completed, it could become a lucrative real estate opportunity.
2. Maundy Mausoleum
Final resting place of Kim Il-sung, North Korea's founding leader.
- Security Measures: Extremely high security around the mausoleum due to its historical significance.
- Architectural Significance: A beautiful example of Korean architecture blended with socialist style.
- Tourist Attraction: An essential stop for foreign tourists visiting Pyongyang.
3. Kumsusan Palace of the Sun
Mausoleum of Kim Jong-il, successor to Kim Il-sung.
- Tourist Accessibility: Strictly controlled access for foreign tourists.
- Architectural Wonders: A remarkable blend of Korean, socialist, and classical European architectural styles.
- Historical Importance: An essential site for understanding North Korea's history and leadership.
4. Arch of Triumph
Larger than the Arc de Triomphe in Paris, built to honor the Korean People's Army.
- Size and Scale: The world's tallest triumphal arch, standing at over 60 meters high.
- Historical Significance: Celebrates the victory over Japanese colonial rule and the Korean War.
- Real Estate Potential: Potential for surrounding real estate development in future.
5. Juche Tower
Symbol of Juche ideology, representing the spirit of self-reliance.
- Height and Scale: 170 meters tall, offering a panoramic view of Pyongyang.
- Architectural Significance: A unique combination of Korean and modernist architectural styles.
- Real Estate Potential: Potential for real estate development around the tower in future.
6. Moranbong Street
Street lined with luxury apartments and high-end stores.
- Luxury Living: Home to the elite of Pyongyang, showcasing North Korea's wealth.
- Exclusivity: Access strictly limited to high-ranking officials and foreign dignitaries.
- Real Estate Potential: High demand for living space, with prices likely to be exorbitant.
7. Kim Il-sung Stadium
Largest stadium in North Korea, used for mass gatherings and sports events.
- Mass Gatherings: Site of large political rallies and mass games performances.
- Sports Events: Hosts national and international sports events, including the Arirang Festival.
- Real Estate Potential: Potential for real estate development in the surrounding area.
8. Koryo Hotel
Luxury hotel popular with foreign tourists.
- Foreigner-Friendly: Catering to the needs of foreign tourists, offering comfortable accommodations.
- Historical Significance: One of the oldest hotels in Pyongyang, with a rich history.
- Real Estate Potential: Potential for real estate development or expansion in future.
9. Rungna People's Pleasure Ground
Amusement park offering roller coasters, water rides, and other attractions.
- Recreation and Entertainment: Offers a fun-filled day of entertainment for both locals and tourists.
- Tourist Attraction: An essential stop for foreign tourists visiting Pyongyang.
- Real Estate Potential: Potential for real estate development around the amusement park.
10. Ryomyong Street
Modern street with shopping centers and residential buildings.
- Modern Infrastructure: Showcases North Korea's modernization efforts and urban development.
- Shopping Opportunities: Offers various shopping centers for locals and tourists alike.
- Real Estate Potential: Potential for real estate investment in future development projects.
11. Ryugyong Dental Hospital
Luxury dental hospital attracting foreign patients.
- Medical Tourism: Attracts foreign patients seeking affordable, high-quality dental care.
- High-Quality Care: Offers cutting-edge technology and experienced dental professionals.
- Real Estate Potential: Potential for real estate development surrounding the hospital.
12. Pyongyang Zoo
Home to a variety of animals, including an African elephant and giant pandas.
- Wildlife Conservation: Contributes to wildlife conservation efforts through breeding programs.
- Tourist Attraction: An essential stop for foreign tourists visiting Pyongyang.
- Real Estate Potential: Potential for real estate development around the zoo in future.
13. Munsu Water Park
Largest water park in North Korea, offering various water rides and attractions.
- Recreation and Entertainment: Offers a fun-filled day of entertainment for both locals and tourists.
- Tourist Attraction: An essential stop for foreign tourists visiting Pyongyang.
- Real Estate Potential: Potential for real estate development around the water park.
14. April 25 House-Victory Monument
Monument commemorating North Korean troops who liberated Pyongyang from Japanese rule.
- Historical Significance: Celebrates the victory over Japanese colonial rule and the Korean War.
- Tourist Attraction: An essential stop for foreign tourists visiting Pyongyang.
- Real Estate Potential: Potential for real estate development in the surrounding area.
15. Taedonggang River
The main river flowing through Pyongyang, important for city's water supply.
- Water Supply: Serves as the primary source of drinking water for Pyongyang residents.
- Recreation and Scenery: Offers beautiful scenery, with parks and walking paths along its banks.
- Real Estate Potential: Potential for real estate development along the riverfront.