- 'Scarcity' with a low commercial facility ratio of 8.25%, and 'Stability' securing residential/office demand
- Interior support funds and rent-free support for tenants in some units, recruiting owners/tenants for those units
As the housing market, including apartments and officetels, freezes due to continued government real estate regulations, interest in commercial facilities, a representative type of income-generating real estate, is increasing even more. Investors expect not only steady monthly rental income but also asset value appreciation, leading to a rise in contracts among not only retirees but also younger people in their 30s and 40s recently.
However, as the number of investors increases, supply is also surging rapidly, making careful selection essential. If you invest in uniform commercial facilities, you can only expect the same returns as others. In this regard, experts recommend first checking the commercial facility ratio when evaluating commercial properties.
If the commercial facility ratio is high, the number of competing commercial facilities increases, leading to higher vacancy rates and difficulty in guaranteeing investment stability. On the other hand, if the commercial facility ratio is low, it is possible to secure stable demand based on scarcity.
An industry insider said, “As market uncertainty grows due to government regulations, the importance of careful selection in commercial facility investment is emphasized. At times like this, if you thoroughly consider the commercial facility ratio, hinterland demand, price, and support benefits, you can achieve a stable investment without vacancy concerns.”
- ‘Hyundai Terra Tower Gam-il Commercial Facilities’ embodying both ‘scarcity and stability’
Investors who recognized real estate investment early are paying close attention to ‘Hyundai Terra Tower Gam-il Commercial Facilities’ in the Songpa living area Gam-il district because it combines scarcity and stability.
‘Hyundai Terra Tower Gam-il Commercial Facilities’ is planned with fewer units (31 commercial units) compared to the knowledge industry center (335 units) built alongside it, giving an advantage to those who secure units early by capturing demand quickly. Especially, it is the first knowledge industry center supplied in about five years since the one in Munjeong-dong, Songpa-gu, and it is symbolically significant as it is supplied in the Gam-il district of the Songpa living area adjacent to Songpa-gu.
The real estate industry calls it the optimal commercial facility among those supplied in the Gam-il district of the Songpa living area.
Hyundai Engineering, the constructor of ‘Hyundai Terra Tower Gam-il Commercial Facilities,’ maximized the value of the commercial facilities by planning a low commercial facility ratio (8.25%) and applying specialized designs.
First, it secured a prominent main road location within the Gam-il district to prioritize visibility to the floating population. The floor height is designed to be over 7 meters to enhance comfort, and some units will even feature terrace designs.
Additionally, units that allow convenient shopping inside the building and units that maximize outdoor comfort are appropriately arranged to secure demand throughout all four seasons.
Moreover, a spacious parking area accommodating 466 vehicles, which is 219% higher than the legal standard, was designed to allow many customers to conveniently visit the commercial facilities. Open lounges (1st floor) and sunken gardens (basement 1st floor) are strategically placed to create a pleasant atmosphere.
As a result, the abundant surrounding demand is directly linked to profits, enabling investors to achieve more stable returns.
Looking closely at the location of ‘Hyundai Terra Tower Gam-il Commercial Facilities,’ about 2,200 apartment units, parks, cultural complex facilities, and religious facilities are located approximately 300 meters from the site, making it a place with abundant floating population. Additionally, there is fixed demand from about 14,000 residents who have already moved in or are planning to move into the Gam-il district.
In particular, ‘Hyundai Terra Tower Gam-il Commercial Facilities’ is positioned at a gateway to secure apartment hinterland demand, along with the office demand from the knowledge industry center built together, and it is expected to secure both residential and office demand by preemptively occupying the site of an officetown (planned) of about 19,000 square meters where many small-scale office buildings will be additionally supplied.
- Attractive with interior support funds and reasonable sale prices
Generous support and benefits for tenants and reasonable sale prices make entry into commercial facility investment easy.
Composed of a total of 31 units, ‘Hyundai Terra Tower Gam-il Commercial Facilities’ offers up to 100 million KRW in interior support funds (for some units) per unit, providing practical benefits to sellers and tenants. Rent-free periods (for some units) are also supported. Furthermore, the sale price is set reasonably even within the Songpa living area Gam-il district, allowing sellers and tenants to start anew with affordable monthly rents.
Since it offers the best opportunity to enjoy practical benefits like these, both sellers and tenants are expected to realize stable profits.
‘Hyundai Terra Tower Gam-il Commercial Facilities’ is supplied together with a knowledge industry center and support facilities on the self-sufficient facility land block 4 in the Gam-il district of the Songpa living area. The promotional center, which is officially open, provides related information and detailed sales consultations about ‘Hyundai Terra Tower Gam-il Commercial Facilities.’
The promotional center is located at Room 201, 2nd floor, Hongil Building, 1164 Yangjae-daero, Songpa-gu, Seoul (Olympic Park Intersection).
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