Popular Downtown Office-tels Near Workplaces with No Commuting Stress

- Within walking distance of Oryu-dong Station on Line 1, convenient for commuting to nearby Seoul Digital Industrial Complex work areas
- Benefits including interest-free intermediate payments offered

As the housing market heats up recently, officetels located close to workplaces in urban areas are gaining popularity.

In particular, in areas where young workers in their 20s and 30s?who prioritize proximity to work?are the main demand group, residential preference tends to be high. This is because they can reach their workplace within 30 minutes and enjoy a variety of surrounding infrastructure such as transportation, education, and convenience facilities, enabling a one-stop lifestyle. Moreover, due to the shortage of sites for new officetels near workplaces in urban areas, the supply is limited, increasing the scarcity value of these urban workplace-proximate officetels.

Officetels near workplaces in urban areas have also seen steady price increases. Last year, while nationwide housing prices recorded the highest growth rate in about nine years, Seoul’s Guro-gu attracted attention by recording the highest increase. Guro-gu is close to Gasan Digital Complex and the Yeongdeungpo and Yeouido business districts, making it a place with steady inquiries from actual buyers.

According to the Korea Real Estate Board’s ‘Weekly Apartment Price Trend’ data from the last week of August last year, the area with the highest cumulative apartment sale price increase over eight months was Guro-gu (2.26%). This was followed by Gangbuk-gu (1.67%), Nowon-gu (1.55%), Dobong-gu (1.51%), Gwanak-gu (1.35%), Dongdaemun-gu (1.28%), Yeongdeungpo-gu (1.13%), Geumcheon-gu (1.11%), and Jungnang-gu (1.04%).

Additionally, Hana Financial Research Institute analyzed changes in domestic real estate transactions over the past 10 years using court registration data. As a result, in 2019, Guro ranked first as the most popular area for first-time buyers of collective buildings (apartments, multi-family houses, row houses, officetels, etc.) among people in their 30s, 40s, and 50s.

A real estate market official stated, “Guro area is expected to have large-scale workplace-proximate demand due to its proximity to industrial complexes. Along with relatively low housing prices within Seoul and easily accessible residential facilities with small capital, these factors have attracted demand.”

As the value of workplace-proximate residential facilities rises, attention is focusing on ‘Guro Yemiji Urban Core,’ which is about to be launched near Guro-gu, an area with abundant underlying demand.

Guro Yemiji Urban Core secures abundant underlying demand from IT industry workers in the Seoul Digital Industrial Complex (Gasan/Guro Digital Complex). It is also conveniently located just a 7-minute walk from Oryu-dong Station on Subway Line 1, making it a prime station-area complex with excellent transportation conditions. Furthermore, premium-grade living infrastructure is fully equipped nearby, making it highly preferred for actual residence.

Moreover, the area where this officetel is located has long suffered from a shortage of 2-room and 3-room units, so it is expected to absorb a large number of rental demands from office workers and newlyweds. Oryu-dong, where the officetel will be built, offers convenient transportation to major Seoul business districts such as Yeongdeungpo and Yeouido, as well as Gwangmyeong City in Gyeonggi Province, making it one of the areas with abundant office worker demand. Yeouido is also accessible within 30 minutes. The complex is conveniently accessible by car via Oryu IC, which connects easily to Nambu Beltway and Olympic-daero.

Guro Yemiji Urban Core offers diverse living infrastructure including shopping, medical, cultural, and administrative facilities. Near the project site are government offices, hospitals, and large marts, and within a 1km radius are Gocheok Dome Stadium, Costco (planned), Kim’s Club (Guro branch), Guro Seongsim Hospital, as well as abundant green spaces such as Gaebong Neighborhood Park and Gaewoongsan Park, making leisure activities easy.

The sales conditions also minimize initial costs for contract holders with options such as contract deposit loans and interest-free intermediate payments, attracting significant interest from newlyweds hoping to own a home and investors.

The sales office is located in Gangseo-gu, Seoul.