Pangyo Techno Valley, known as the heart of South Korea's advanced industries, recorded a total sales revenue of 107.2 trillion KRW last year, according to a survey conducted by the Gyeonggi-do Economic Science Promotion Agency from April to July on all companies residing in Pangyo Techno Valley, as reported by Gyeonggi Province on the 2nd.
Notably, last year's sales increased by 22.44% (19.7 trillion KRW) compared to 2018. This growth was driven by the entry of large corporations such as SK Telecom (11 trillion KRW) and Hankook Tire & Technology (3 trillion KRW), as well as significant sales increases from existing companies.
Samsung Heavy Industries' sales rose from 5 trillion KRW to 7 trillion KRW, and Nexon’s sales increased from 940 billion KRW to 1.25 trillion KRW. The top five companies leading the sales growth were SK Telecom (11.41 trillion KRW), LS Nikko Copper Refinery (7.4 trillion KRW), Samsung Heavy Industries (7.09 trillion KRW), Hanwha (4.4 trillion KRW), Hanwha Solutions (3.99 trillion KRW), and SK Gas (3.97 trillion KRW).
Among the resident companies, 941 firms, accounting for 74.74%, have their headquarters in Pangyo Techno Valley, and 674 companies operate research institutes there. The total number of employees at 1,259 companies was 64,497, an increase of 1,447 from 63,050 in 2018. Additionally, with the upcoming completion of HP R&D Hub, Bando Ivy Valley, and Hyundai Stella Foret, the workforce is expected to exceed 200,000 in the future.
As Pangyo Techno Valley enters its second heyday as the center of the 4th Industrial Revolution, significantly influencing the rise in real estate market values in the area, Golden Gate Pangyo, which boasts excellent demand potential with high future value, is gaining attention as the only officetel in the Godeung Commercial District of Seongnam.
Located in the core area of Pangyo, ‘Golden Gate Pangyo’ is a building with 114 residential officetel units and neighborhood living facilities, spanning from four basement floors to six above-ground floors. It offers specialized floor plans favored by actual users, including 1.5-room and 2-room layouts, the latest designs for single-person households, and built-in full options.
Golden Gate Pangyo is highly valued as an investment because it benefits not only from the abundant tenant demand of Pangyo Techno Valley but also from excellent transportation connections, providing proximity to workplaces in Gangnam, Pangyo, and Bundang.
First, Golden Gate Pangyo is adjacent to the Gyeongbu Expressway, Yongin-Seoul Expressway, 2nd Gyeongin Expressway, and the Seoul Metropolitan Area 1st Ring Expressway. It also offers easy access to nearby areas via the Bundang Naegok Expressway and Bundang Suseo Expressway, allowing entry to Gangnam and Songpa within approximately 10 minutes.
Moreover, it is the prime beneficiary area of the Gyeonggi-do Subway Line 3 extension project, jointly promoted by Seongnam City. This project, a major boost to the metropolitan transportation network in the southeastern metropolitan area, passes through the Godeung District, where the property is located, and upon completion, will make commuting to downtown Seoul more convenient.
Additionally, as the area was formerly a greenbelt, nearby Daewang Lake and waterfront parks are planned to be developed. With Pangyo Avenue France, Hyundai Department Store, Lotte Mart, and other shopping paradises in the southern metropolitan area, the living convenience environment is excellent, offering a truly pleasant residential environment.
In other words, the property is expected to have very high investment value as it offers abundant tenant demand, proximity to workplaces, excellent transportation, and a comfortable living environment, providing a one-stop lifestyle.
A representative of Golden Gate Pangyo stated, “The Godeung Commercial District in Seongnam suffers from a shortage of officetel supply, so the mere presence of this project brings high rarity and an unrivaled premium. It is a flawless officetel with no shortcomings in demand, transportation, location, or future value, and it is receiving many inquiries as a prime investment target in the sales market.”
Meanwhile, Golden Gate Pangyo allows home ownership with an actual investment of 80 million KRW. The promotional center is located at 487 Gangnam-daero, Seocho-gu, Seoul, and operates by prior appointment. Those who apply in advance will receive a premium safe upon converting to a formal contract.
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