- 'Ochang Central Hub' Enhanced with Full-Furnished System for Increased Marketability
- Attracts Attention with On-Site Commercial Facilities and Ample Rest Areas
Recently, lifestyle accommodation facilities are transforming from simple residential spaces into complexes equipped with commercial facilities, enabling a 'one-stop life.' These complexes are mostly developed in commercial areas and attract investors' attention due to the presence of large corporations and office towns nearby.
In particular, young professionals tend to prefer residences close to their workplaces and subway stations. However, since most office facilities and subway stations are located in commercial zones where apartments cannot be built, lifestyle accommodation facilities serve as an ideal alternative that fits this trend, experts explain.
An official from the sales industry stated, “Complexes that offer a ‘one-stop life’ where shopping, culture, and leisure can be enjoyed all at once are gaining popularity in the sales market,” adding, “This also influences market prices, which is why investors are highly interested.”
Meanwhile, in Ochang, Cheongju, a one-stop life complex perfectly equipped with both residential and commercial facilities is scheduled to be developed. The lifestyle accommodation facility 'Ochang Central Hub' has abundant demand from workers employed in nearby industrial complexes and is well-equipped with commercial facilities, enabling all activities to take place within or near the complex.
Ochang, where the complex will be located, supports approximately 87,000 tenants from 12 industrial complexes and research and public institutions. Furthermore, with the introduction of the 4th generation synchrotron radiation accelerator project, an employment creation effect of about 137,000 people is expected. This secures a total tenant demand of approximately 220,000 people.
A large-scale logistics center will also be established nearby. Coupang plans to build a logistics center in Cheongju for the central region. The investment alone amounts to 400 billion KRW, with a site area of 89,000㎡ and a total floor area of 284,000㎡.
Ochang Central Hub will consist of five basement floors and 22 above-ground floors, with street-type commercial spaces planned for the 1st to 3rd floors. A flower garden connected directly to the commercial facilities will be located on the 3rd floor. Additionally, a sky park providing pleasant views and relaxation spaces is planned.
The lifestyle accommodation facility comprises a total of 1,064 units, designed as small specialized layouts of 23 to 26㎡ tailored for 1-2 person households. The complex offers views of the lake park and central commercial district.
Using eco-friendly finishing materials, it provides a healthy living environment, and an indoor ventilation system expels polluted air while supplying clean air. It also plans to offer an unmanned parcel delivery system, built-in electric cooktops, and bidet-equipped bathrooms.
Since Ochang Central Hub is a lifestyle accommodation facility, no subscription savings account is required, and there are no restrictions on resale of pre-sale rights. It is not subject to comprehensive real estate tax or capital gains tax surcharges. The facility can be operated by a management company to generate long-term and short-term rental income, or it can be directly operated as lodging facilities like hotels or condominiums.
Not only is it exempt from comprehensive real estate tax, but rental business registration, lodging business registration, and individual registration are also possible. Additionally, benefits such as a 10% down payment and interest-free interim payments are applied, increasing interest among both actual users and investors.
The complex is located in the central commercial district within the Ochang Science Industrial Complex, offering excellent living infrastructure. Large marts and cinemas are nearby, allowing residents to enjoy cultural life and convenience facilities. The surrounding area is rich in green spaces such as Ochang Lake Park, Central Park, and Yangcheong Park, providing a relaxing environment.
The Ochang Central Hub promotional center is located throughout Cheongju city.
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