[Perspective view of Seosuwon 'Raonji Officetel,' gaining attention due to the Shinbundang Line development and the implementation of the 5-year lease guarantee system]
With the government's housing regulations and the prolonged low-interest rate environment, officetels or real estate priced below 100 million KRW, regardless of the number of houses owned, are gaining attention. According to data from the Korea Real Estate Board, the transaction volume of officetels in 2020 was 161,642 units, an increase of 7.8% compared to 149,878 units in 2019. The increase in transactions is attributed to the expectation of higher returns compared to savings and deposits, based on stable rental income.
Amid this trend, the 'Raonji Officetel' in West Suwon, which is attracting high interest from investors, is currently being sold successfully. This complex, located in Gwonseon-gu, Suwon-si, Gyeonggi-do, covers a site area of 1,213.6㎡ and consists of 136 units ranging from 29 to 59m² in exclusive area, spanning from 5 basement floors to 15 above-ground floors. Among the 136 units, 108 are south-facing. Parking is available for 130 vehicles.
Raonji Officetel has the advantage of being the first officetel supplied in the West Suwon area, which has suffered from a shortage of new supply, and it boasts excellent transportation networks. It is accessible within 5 minutes by car from Seosuwon IC, and it takes less than 30 minutes to reach Gangnam, enabling faster and more convenient commuting.
This complex is priced below 100 million KRW in standard market value, so it is not counted as a house in ownership, and requires a 10% down payment with up to 70% mortgage loans available from first-tier financial institutions. Currently, it is 100% leased, generating rental income immediately upon sale, and it operates a 5-year rental guarantee system that compensates monthly rent if vacancies occur or if the guaranteed yield falls below the promised rate. The yield is 10%. Considering that the average officetel rental yield in Suwon, Gyeonggi-do was 4.82% as of April according to Real Estate 114 data, this yield is more than double.
Raonji Officetel is leased mainly to students from Sungkyunkwan University, Suwon Women's University, and Dongnam Health University. It includes full options such as ceiling-embedded air conditioners, air purifiers, high-end built-in refrigerators, slim electric cooktops, and the latest TVs. The finishing materials are also premium eco-friendly materials rarely seen in typical officetels.
Guun Station, scheduled to open on the Shinbundang Line, is just a 1-minute walk away, and there are 44 city and intercity bus routes right in front of the officetel, making travel to Seoul Gangnam, Sadang, Ansan, Dongtan, and other areas very convenient.
Raonji Officetel is located 2 minutes from E-Mart, and is close to various convenience facilities such as Nonghyup Hanaro Mart, Seosuwon Terminal, and KTX Suwon Station. Within a 5km radius of the complex, there are various development benefits including Dangsu 1 District development, Suwon Industrial Complex, Suwon R&D Science Park, Smartpolis, Gwonseon Administrative Town, Deutsch Autoworld, and the commencement of Starfield, providing diverse and abundant tenant demand.
The sales promotion center is located in Gwonseon-gu, Suwon-si, Gyeonggi-do, and related information and inquiries can be made via the main phone number.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
