Prime Location Near Samsung Station in Gangnam, 'Parkten Samsung Commercial Facility' Attracts Attention
Successful Sale of Parkten Samsung Officetel... Growing Interest in Commercial Facilities
As government housing regulations tighten and the benchmark interest rate remains in the 0% range, commercial facilities, which are relatively free from regulations, are emerging as alternative investment destinations. In particular, there is a high preference for commercial facilities with excellent locations, as they can generate stable income due to solid fixed demand from residents and can also absorb nearby secondary demand.
An industry insider said, “Commercial facilities in prime locations representing the region are highly valued for investment because they can convert abundant nearby secondary demand into effective demand. Also, commercial facilities within complexes are preferred over those in commercial districts because they can maintain commercial zones seven days a week.”
Meanwhile, the ‘Parkten Samsung Commercial Facilities’ in a prime location in Gangnam-gu, Seoul, has announced its sale. The commercial facilities will be located at lots 158-20 and 158-22, consisting of a total of three floors from basement level 1 to ground level 2.
Parkten Samsung Commercial Facilities are close to Samsung Station, known for its high floating population, as well as having fixed demand from officetels. Located on a main road, it can attract office workers from major Gangnam offices as secondary demand, and is also near popular gathering spots such as COEX Mall, Hyundai Department Store, and the Trade Center branch.
Within walking distance, the Global Business Center (GBC) being constructed by Hyundai-Kia Motor Group is under construction, which is expected to increase demand from high-income office workers in the future. Additionally, the Gangnam area complex transfer center, where two lines of the Metropolitan Area Express Railway (GTX) A and C, as well as Lines 2, 9, and the Wirye-Sinsa Line will stop, is planned to be developed underground along Yeongdong-daero, adding to the development benefits.
The luxurious exterior also stands out. Parkten Samsung’s building exterior is finished with white marble and curtain wall vertical louvers, giving it an urban feel, and a dynamic pedestrian space is provided on the lower floors, making it prominent even from Teheran-ro. Parkten Samsung Commercial Facilities are expected to emerge as high-end commercial spaces within this exterior, and safety is secured with seismic design inside the building.
A sales representative for Parkten Samsung said, “After the officetels gained great popularity and successfully completed sales based on excellent location and luxurious product quality, inquiries about the commercial facilities have increased even more. The commercial facilities are located in an area that can absorb both fixed demand from residents and abundant nearby secondary demand, so they seem to be attracting a lot of interest.”
The Parkten Samsung Commercial Facilities promotional lounge is located in Gangnam-gu. It is scheduled to open in February and will operate on a 100% reservation basis in accordance with COVID-19 prevention guidelines.
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