Multi-Station Accessibility Is the Key for Income-Generating Real Estate... ePyeonhansesang City Bupyeong Station Attracts Attention

In the income-generating real estate market, multi-station areas where two or more subway lines can be accessed are standing out. Multi-station areas are limited even in the metropolitan area, making them highly scarce, and they tend to have relatively abundant foot traffic compared to single-station areas, making it advantageous to secure demand from the surrounding population.

According to industry sources, among the 627 stations in the metropolitan area, only about 16.5% are multi-transfer stations. There are 89 double-transfer stations where two lines intersect, 9 triple-transfer stations, and only 5 quadruple-transfer stations, mainly centered around the metropolitan area.

Multi-station areas offer the advantage of easier commuting compared to subway stations with only one line, and infrastructure is well established around the stations, resulting in higher convenience for daily life. In particular, multi-station areas carry a premium due to their scarcity, leading to noticeable price increases and rapid sellouts amid high popularity.

For example, real estate price data shows that the sale price of a 25㎡ officetel unit in ‘Hangang Daewoo Trump World 3’ in Yongsan-gu, Seoul (occupied since April 2004) was 250 million KRW in February this year, up about 11.11% from 225 million KRW in February last year. The complex is within walking distance of Yongsan Station, a transfer station for Subway Line 1 and the Gyeongui-Jungang Line, and Sinyongsan Station on Subway Line 4.

Typically, officetel products that are difficult to sell out quickly show different results when located in multi-station areas. The ‘GIDC Gwangmyeong Station’ office, launched in 2018, completed contracts for all units within one month of the start of sales. This product is located in the Gwangmyeong Station area, where Subway Line 1 and KTX lines are accessible.

Meanwhile, a new complex near Bupyeong Station, where three lines are scheduled to intersect, is attracting attention. Daelim Construction Co., Ltd. and Daelim Corporation are simultaneously selling ‘e-Pyeonhansesang City Bupyeong Station’ officetels and offices in Bupyeong-gu, Incheon. The complex consists of three buildings with six basement floors and 20 above-ground floors, comprising 1,208 officetel units with exclusive areas ranging from 23 to 41㎡, 156 office units on the 2nd and 3rd floors, and 18 neighborhood living facilities on the 1st floor.

e-Pyeonhansesang City Bupyeong Station is a triple-station complex within walking distance of Bupyeong Station, a transfer station for Seoul Subway Line 1, Incheon Metro Line 1, and the planned GTX-B Line. Through these lines, it takes about 20 minutes to reach Gasan Digital Complex Station, about 40 minutes to Seoul Station, and about 40 minutes to Express Bus Terminal Station, making commuting to major business districts in Seoul convenient.

In particular, the opening of the GTX B Line is expected to further improve accessibility to Seoul. Bupyeong Station is scheduled to be a stop on the GTX-B Line and has the advantage of being closer to Seoul than Songdo Station, the planned terminus of the line. Once the line opens, it will be possible to travel from Bupyeong Station (planned) to Yeouido Station in about 10 minutes, making travel to downtown Seoul even more convenient.

The officetels are fully furnished with washing machines, refrigerators, and system air conditioners in each unit, and even the small 23㎡ units provide ample storage space with built-in closets including a pull-out laundry drying rack. Cutting-edge IoT and solar power systems have been applied for a convenient living environment and energy savings, and the complex also includes a fitness center for healthy leisure activities.

As for the offices, they are not just small offices but section offices with modular designs, allowing users to divide the space as much as they want. Because of the smaller area, the sale price is relatively affordable, and the initial investment cost is low, making it suitable for small-scale investments. Additionally, they have excellent liquidity and no restrictions on business types, allowing for flexible investment.

Furthermore, since they are not subject to regulations, resale of pre-sale rights is possible, and benefits such as a 10% down payment and full interest-free installment payments are provided.