Prospects of Windfall Gains from Real Estate Regulation Balloon Effect, Growing Interest in ‘Cheongna Ace Hightech City’

Knowledge Industry Centers Avoiding 23 Rounds of High-Intensity Real Estate Regulations

Recently, the biggest concerns in the real estate market are tax savings and avoiding regulations. This is because most real estate, including apartments, has been significantly impacted by real estate regulations. Recently, following the real estate measures announced on July 10, the officetel market, which is included in the number of houses when calculating acquisition tax, has also shown a clear slowdown.

In this context, knowledge industry centers, which allow tax savings and avoid regulations, are emerging as a niche market. The first purchasers of knowledge industry centers receive tax reduction benefits of 50% on acquisition tax and 37.5% on property tax. Since they are built on relatively inexpensive land such as national industrial complexes or semi-industrial areas with high floor area ratios applied, the sale prices are also relatively affordable.

Moreover, through policy fund loans, it is possible to obtain long-term low-interest loans for up to 80% of the sale price, making it actually cheaper to purchase a knowledge industry center than a regular office to establish a company building.

Additionally, neighborhood living facilities and business support facilities within the complex enhance both work efficiency and convenience, and since they are not heavily affected by real estate regulations, they are also widely chosen for rental business purposes.

In this situation, much attention is focused on the sale of ‘Cheongna ACE High-Tech City,’ the first knowledge industry center in Cheongna International City, Seo-gu, Incheon Metropolitan City.

Cheongna ACE High-Tech City is a large-scale knowledge industry center consisting of 4 buildings with a site area of 15,787m² and a total floor area of 106,165.19m², ranging from 2 basement floors to 10 above-ground floors. It includes 512 knowledge industry center units, 219 dormitory units, and 49 neighborhood living facilities. While Cheongna International City has had many individual supplies of commercial facilities, officetels, and apartments, the development of knowledge industry centers has been nonexistent, making this project highly rare.

Located within the IHP Urban Advanced Industrial Complex, it offers an optimized business environment through excellent location conditions. With the planned operation of various companies including the headquarters and factory of Hyundai Movex and R&D research centers, it is expected to induce a large influx of population near the business site with an employment effect of about 27,000 people.

Cheongna ACE High-Tech City is adjacent to the Gyeongin Expressway, providing excellent access to Seoul, and is located at a midpoint directly connected to the 3rd Yeonryuk Bridge linking Cheongna and Yeongjong, serving as a transportation hub connecting the airport and Seoul. It is also equipped with outstanding metropolitan transportation networks such as the extension of Seoul Subway Line 7 to Cheongna and the 2nd Ring Expressway (Gimpo~Incheon).

For more detailed information about ‘Cheongna ACE High-Tech City,’ which is expected to develop as a regional boundary marker, consultations are available by visiting or calling the sales promotion center.