Due to stringent regulations in the housing market, investors are turning their attention to commercial properties. Among these, it is important to focus on commercial spaces within complexes that secure a fixed demand to maximize profitability. Commercial properties located in optimal commercial areas with fixed demand from residents, as well as excellent transportation and living infrastructure, can attract abundant secondary demand, enabling stable operation even during the COVID-19 pandemic.
The commercial spaces at the currently available ‘Songdo Haneulchae Ivy Square’ are drawing attention. A large-scale development with a total of 161 units, it is evaluated as a highly stable commercial property due to its fixed demand and numerous secondary demand sources.
A sales representative stated, “With a solid fixed demand from 336 apartment units, it has excellent competitiveness and also encompasses a large-scale residential secondary demand of about 15,000 units nearby, including ‘Songdo The Frau.’ Built with a Grand Street Mall concept, it also boasts outstanding visibility and customer attraction.”
Expectations for the surrounding secondary demand are also high. Within Songdo International City, various foreign investment companies and multinational corporations such as POSCO Construction, Celltrion, Samsung Biologics, and Kolon Global are established, and companies like Ostem Global and SK Bioscience are scheduled to relocate there. Shinjeong Elementary, Myeongseon Elementary, Yeonsong Elementary, Shinjeong Middle, Yeonsong High, POSCO High, and Chadwick Songdo International School are also located nearby, attracting a large demand base including office workers, students, and faculty members.
Positive reviews continue regarding the transportation network enabling fast movement. Benefits are expected from the development of the Seoul Metropolitan Area Express Train (GTX) GTX-B line, and the area enjoys various transportation advantages such as the 2nd Outer Ring Expressway, KTX, and Suin Line, which are expected to attract a wide range of demand.
Meanwhile, Kolon Global is responsible for the construction of ‘Songdo Haneulchae Ivy Square,’ and related inquiries can be made through the model house.
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