'Siheung Janghyeon Cityfront Avenue' Attracts Investors with Triple Station Accessibility Location

Due to the government's stringent housing market regulations and historically low interest rates in the 0% range, investors are showing strong interest in income-generating real estate investments. In particular, commercial properties located in station areas with abundant foot traffic are gaining popularity for their ability to secure stable sales.

Commercial properties situated in station areas not only attract the flow of subway passengers but also often benefit from nearby large residential complexes such as apartment towns, securing a fixed customer base. Additionally, station areas are likely to attract high-traffic facilities such as department stores, large supermarkets, cinemas, and shopping malls, which is advantageous for revitalizing the commercial district.

Especially in transfer station areas where two or more subway lines intersect, the number of subway users is relatively higher compared to single-line station areas, allowing these properties to absorb more foot traffic as a hinterland demand. This results in not only high investment returns but also promising future capital gains.

Thanks to these advantages, vacancy rates in station area commercial properties tend to be low, and investment returns are relatively high. According to data from the Korea Real Estate Board's Commercial Real Estate Lease Trend Survey, the vacancy rate for medium-to-large commercial properties near Gongdeok Station?served by four lines: Subway Line 5, Line 6, Airport Railroad, and Gyeongui-Jungang Line?was 5.5% in the first quarter, which is 3.4 percentage points lower than the Seoul-wide average vacancy rate of 8.9% for medium-to-large commercial properties. Furthermore, the investment return rate was recorded at 2% in the first quarter, surpassing Seoul's average investment return rate of 1.81%.

The vacancy rate for medium-to-large commercial properties near Suwon Station in Gyeonggi Province, served by Subway Line 1 and the Bundang Line, was 3%, significantly lower than the Gyeonggi Province average of 9.9%. The investment return rate was also higher at 2.26%, compared to the Gyeonggi average of 1.89%.

An industry insider stated, "With the ultra-low interest rate environment and housing market regulations driving large sums of money into income-generating real estate, transfer station area commercial properties are considered fail-safe investments because they offer both low vacancy rates and high investment returns. Especially, commercial properties near areas where subway lines will increase to form double or triple station areas have high expectations for future value, making them advantageous for capital gains."

Amid this, the station area commercial property 'Siheung Janghyeon Cityfront Avenue' near Siheung City Hall Station on the Sosa-Wonsi Line is attracting investors' attention. Although the Sosa-Wonsi Line, which opened in 2018, currently passes through, the upcoming Shinansan Line (scheduled for 2024) and Wolgot-Pangyo Line (scheduled for 2025) will also pass through, completing a triple station area. This offers high future value potential by allowing early market capture.

Additionally, various favorable developments nearby are drawing investors' interest. By 2024, a complex administrative town including Siheung City Hall is planned, featuring various public offices such as a health center, central library, cultural center, and citizen cultural welfare center. Moreover, a complex transfer center combining a bus terminal, parking lot, and commercial facilities is planned near Siheung City Hall Station, expected to benefit from these development advantages.

Furthermore, Siheung City has recently been included in the 4th National Railroad Network Plan with the confirmation of the 2nd Gyeongin Line and Shinguro Line, which is expected to greatly improve overall transportation convenience in Siheung. Notably, the Shinguro Line will start at Siheung Daeya Station, pass through Hangdong, and connect to Mokdong in Seoul, shortening the distance between Siheung and Seoul.

With excellent location conditions and development prospects, 'Siheung Janghyeon Cityfront Avenue' also boasts a rich hinterland demand. It benefits from both the Siheung City Hall Station commercial district and the commercial district right in front of Siheung City Hall, covering two commercial areas. It is expected to form a stable commercial district bustling seven days a week, attracting not only subway passengers but also high-income demand from affiliated businesses centered around City Hall, as well as fixed demand from 561 office units.

Meanwhile, 'Siheung Janghyeon Cityfront Avenue' is a commercial facility developed together with the landmark office building 'Siheung Janghyeon Cityfront561,' located right in front of Siheung City Hall. Situated in Siheung, Gyeonggi Province, it boasts the largest scale in the Siheung Janghyeon district with two buildings, 561 office units, and 87 commercial units. Block 5 features 420 office units and 64 commercial units from three basement floors to ten above-ground floors, while Block 6 includes 141 office units and 23 commercial units from four basement floors to ten above-ground floors.