Corner Commercial Space Located in a High-Demand Area with Over 13,000 Households... 'U-Square' Features Specialized Design Reflecting the Latest Trends
As the government implements various regulations targeting the housing market, the volume of commercial facility transactions is on the rise. Amid this trend, `Gamill Station Bando Youth Square` is gaining attention. It is a branded commercial complex located in the only commercial district of Hanam Gamill District, with contracts being signed one after another.
According to the ‘Transaction Status by Building Use’ announced by the Korea Real Estate Agency, the total number of commercial/office real estate transactions nationwide from January to July this year was 193,190. This is an increase of 19,639 transactions (11.32%) compared to 173,551 transactions during the same period last year. In particular, 37,159 transactions were recorded in July this year, marking the highest since March 2018.
With demand surging, the newly launched commercial facility Gamill Station Bando Youth Square is also continuing smooth contract signings.
Gamill Station Bando Youth Square is a corner commercial complex located in the only commercial district within Gamill District. It boasts excellent accessibility and visibility, and nearby, approximately 3,000 direct demand households such as ‘Hanam Gamill Sweet City’ and about 10,000 indirect demand households are expected to move in, providing a rich hinterland demand. Moreover, with six school sites located within Gamill District, there is considerable expectation for inquiries about academies opening within the commercial complex.
During the development of Gamill District, Baekje Tomb relics were discovered, and a historical park and museum are planned right next to the project site, which is expected to actively attract visitors and increase foot traffic in the future.
Excellent transportation infrastructure is another advantage. Using the Seoul Outer Ring Road (Seo Hanam IC), access to Jamsil and Songpa is convenient. It is also easy to travel to nearby business/residential dense areas such as Munjeong, Wirye, and Pangyo. With the Seoul-Sejong Expressway (scheduled for 2024) and the Wirye New Town connecting road planned, the transportation network will improve further.
The Hanam Gamill District, where Hanam Gamill Station Bando Youth Square is located, has a commercial land ratio of about 0.74%, which is significantly lower than nearby Hanam Misa District (3.34%) and Wirye New Town (1.68%). Due to its rarity value, it is expected to generate stable profits without fierce competition.
The product value of The Unicorn’s ‘Youth Square’ brand is also noteworthy. Reflecting recent trends, it applies specialized interior and exterior designs preferred by consumers to maximize space utilization.
Gamill Station Bando Youth Square will be developed with a total floor area of 5,965㎡ on commercial land 3-1BL in Hanam Gamill District, consisting of one building with 58 units from basement level 2 to ground level 6. The 1st and 2nd floors will house lifestyle-oriented MDs, while floors 3 to 6 will accommodate hospitals, health & beauty facilities, and specialized academies. The construction is handled by Bando Construction, ranked 14th in construction capability, which has successfully supplied branded commercial complexes like Karim Avenue in new towns such as Dongtan 2, Sejong, and Gimpo Hangang, adding to the trustworthiness.
A representative from The Unicorn sales team said, “Gamill Station Bando Youth Square is located in Hanam Gamill District, where the ratio of commercial facility land is significantly lower compared to nearby housing districts,” adding, “As a corner commercial complex facing the main road of the central commercial area, its investment value is highly evaluated.” They further stated, “Situated in a jar-shaped commercial area with a hinterland demand of about 13,000 households nearby, it is expected to secure abundant floating population.”
The Hanam Gamill Station Bando Youth Square sales office is located at 128 Beobwon-ro, Songpa-gu, Seoul, and the move-in is scheduled for November 2021.
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