‘Bokhyeon Belltower’ Commercial Space Attracting Wide Range of Customers from Students to Elderly

- Prime Location and Advanced Design... Expected as the New Bokhyeon Ogori Landmark
- Medical & Education Specialized Commercial Facility Attracting Investor Attention

▲ Perspective view: Provided by the sales advertising agency Siseon Communication Co., Ltd.

The 14-story high-end commercial facility ‘Bokhyeon BIEL Tower’ at Bokhyeon Five-way Intersection is becoming a hot topic.

‘Bokhyeon BIEL Tower’ is a medical & education specialized commercial building consisting of 79 units across 14 floors, offering various merits that are quickly gaining word-of-mouth among nearby investors.

The biggest advantage of ‘Bokhyeon BIEL Tower’ is its abundant hinterland demand. Large apartment complexes such as Bokhyeon Xi, I-Pyeonhansesang Bokhyeon, and Bokhyeon I-Park are located in front of the commercial building, and reconstruction and redevelopment are underway throughout Sinam-dong. Therefore, ‘Bokhyeon BIEL Tower’ is expected to become a commercial facility with strong customer attraction power, absorbing not only the long-time residents already settled here but also the demand from approximately 15,000 new households coming into Bokhyeon and Sinam-dong.

What deserves attention is that ‘Bokhyeon BIEL Tower’ is the only premium commercial facility in the Bokhyeon Five-way Intersection commercial district. While Bokhyeon Five-way Intersection has a large floating population from residential areas, Kyungpook National University, and Yeungjin College, there has been no decent commercial facility. With the emergence of the 14-story building featuring a sleek exterior, ‘Bokhyeon BIEL Tower’ is expected to become a new landmark of Bokhyeon-dong.

The fact that Bokhyeon-dong has a large elderly population also contributes to increasing the value of ‘Bokhyeon BIEL Tower’.

According to data from Daegu Buk-gu Office, the aging rate in Bokhyeon 1 and 2-dong is close to 14%. The aging rate indicates the ratio of the population aged 65 or older per 100 people, and a higher figure means a larger elderly population. Looking closely at the aging rate in Bokhyeon-dong, Bokhyeon 1-dong shows 14.62%, and Bokhyeon 2-dong shows 13.19%, indicating a high proportion.

Since the importance of medical and healthcare services naturally increases with a larger elderly population, the value of the medical & education specialized commercial building ‘Bokhyeon BIEL Tower’ is also highly recognized.

However, ‘Bokhyeon BIEL Tower’ does not secure demand solely from the elderly population. There are many schools nearby, including Bokhyeon Elementary, Gyeongjin Elementary, Bokhyeon Middle, Daegu Buk Middle, Yeungjin High, Kyungpook National University, and Yeungjin College, providing abundant student demand from elementary to university levels.

Thus, ‘Bokhyeon BIEL Tower’ attracts a broad demand base ranging from the elderly to students, making it a highly valuable investment. Industry experts agree that commercial properties with good locations like ‘Bokhyeon BIEL Tower’ tend to have relatively low vacancy rates and high returns, increasing in value over time.

Another point to note about ‘Bokhyeon BIEL Tower’ is its parking design.

It boasts an outstanding 104 parking spaces, combining both self-parking and mechanical parking, which is significantly more than typical commercial buildings. Additionally, a dedicated parking lot for tenants has been designed to separate parking spaces for tenants and visitors. This allows tenants to park more safely and conveniently, while visitors can enjoy smooth parking circulation.

A representative of ‘Bokhyeon BIEL Tower’ stated, “Whether in terms of location or product, it is undoubtedly the best at Bokhyeon Five-way Intersection.” They added, “With real estate regulations tightening day by day, investors are increasingly turning their attention to commercial properties, resulting in many inquiries about ‘Bokhyeon BIEL Tower.’”

‘Bokhyeon BIEL Tower’ is currently under construction in Buk-gu, and the promotional center next to the site is open and thriving, with continuous inquiries from customers interested in purchasing commercial units.