As the government’s stringent real estate measures and regulations continue to pour in, cooling the enthusiasm for apartment sales, investment demand is gradually shifting to the officetel market. The main reason is that officetel pre-sale rights are not counted as housing units, making them relatively free from various regulations and thus emerging as a new investment prospect.
Real estate policies such as the reduction of mortgage loan-to-value ratios for apartments, strengthening of comprehensive real estate taxes, and expansion of the pre-sale price ceiling system have been implemented. Additionally, the housing rental business registration system was revised in the July 10 measures announced this year. The key changes include the abolition of the 4-year short-term rental system, and for 8-year long-term rentals without public support, apartments cannot register as housing rental businesses. As a result, officetels, which allow housing rental business and face relatively fewer regulations, are expected to benefit from a balloon effect as practical options that combine both urban residential convenience and investment potential.
Moreover, with the rapid increase in demand for small households, attention is focusing on the multifunctional officetels within the Dongdaegu Station Woobang IU Shell complex, which offer convenient urban transportation and the potential for higher rental income.
Located at 70-1 Sincheon-dong, Dong-gu, Daegu Metropolitan City, the fully equipped multifunctional officetel ‘Dongdaegu Station Woobang IU Shell Officetel’ boasts a prime location right in front of Line 1 Dongdaegu Station, KTX Dongdaegu Station, Dongdaegu Integrated Transfer Center, and Shinsegae Department Store. Situated in the ultra-station area of Line 1 Dongdaegu Station, Dongdaegu Station Woobang IU Shell not only provides an unobstructed commuting environment but also allows convenient access anywhere in and outside Daegu city via Dongdaegu-ro, Dongbu-ro, and Sincheon-daero. Additionally, it is located in front of the Dongdaegu Integrated Transfer Center, a massive transportation hub where KTX, express buses, and intercity buses can be conveniently used, facilitating long-distance travel. Furthermore, with the planned Daegu Metro Line 3 EXCO Line (tentative name), the locational value of Dongdaegu Station Woobang IU Shell officetel is expected to increase even more in the future.
Its lifestyle convenience is also outstanding. The Shinsegae Department Store, a complex shopping space where shopping, leisure, dining, and culture such as an aquarium, Jurassic Theme Park, cinema, and cultural center can be enjoyed all in one place, is within walking distance, allowing residents of all ages to enjoy a rich life. Nearby are also Fatima Hospital, Hyundai City Outlet Daegu Branch, and E-Mart Manchon Branch, enhancing the living value. The complex allows safe walking school commutes to Sincheon Elementary School, and nearby are Cheonggu Middle and High Schools, Youngjin High School, Kyungpook National University, and the Municipal Dongbu Library, providing an excellent educational environment.
Additionally, composed of units sized 49 to 50 square meters, it features a specialized design targeting small households, gaining popularity. Especially in this area, with proximity to Daegu Trade Center, Daegu Technopark, Daegu Contents Center, Daegu Gyeongbuk Design Center, Chamber of Commerce, courts, and prosecutors’ office, business and legal districts as well as financial districts are nearby. While the influx of office workers, solo entrepreneurs, and commercial area workers is increasing, the supply of officetels within surrounding complexes remains insufficient, resulting in abundant rental demand and stable rental income potential. Moreover, with two bedrooms, a living room, and a dressing room, it is also ideal for 2-3 person families as residential housing.
A sales official stated, “Officetels in ultra-station areas within the city center, benefiting from abundant infrastructure centered around the station, are expected to become increasingly popular among actual users and investors.”
The Dongdaegu Station Woobang IU Shell Officetel sales promotion center is located at 20 Dongbu-ro 22-gil, Dong-gu, Daegu Metropolitan City.
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