Office Complex 'Jewel Estate Gamileok Station' Now Leasing

Centered on abundant hinterland demand, stable price increase and profit generation, exempt from DSR Phase 3 regulations
‘Jewel Estate Gamill Station’ with abundant hinterland demand accessible to Songpa within 15 minutes by car

In the real estate market, abundant underlying demand provides optimal conditions for both actual demand and investment demand. Areas with abundant underlying demand are advantageous not only for housing demand but also for securing foot traffic, making officetels and commercial facilities popular. This often leads to an increase in the complex's market price and stable rental income, attracting the attention of buyers.

According to the Korea Real Estate Board's Subscription Home, last year’s officetel with the highest competition rate, ‘Hillstate Gwacheoncheongsa Station,’ located in the center of Gwacheon city, attracted 124,426 applicants for 89 units, showing an average competition rate of 1,398.04 to 1 and sold out successfully. This complex benefits from abundant underlying demand as it is located next to Government Gwacheoncheongsa Station on Subway Line 4.

Seoul accessibility is also worth noting. For mixed-use business complexes, proximity to Seoul’s central business district is essential, and many demand to have their living area in Seoul, so the better the accessibility to Seoul, the more attention it attracts from buyers.

In fact, last year, the eastern Gyeonggi area including Hanam City (Gamil, Misa, Gyosan New Town) and Wirye New Town received attention, and the population has been steadily increasing, centered on demand moving out of Seoul due to excellent accessibility to Seoul.

Furthermore, with the third phase of the DSR regulation set to be implemented from July, it is expected that buyers will hurry to purchase units in complexes that are sold before the regulation takes effect. If the resident recruitment announcement is made before the regulation is applied, the complex is exempt from the regulation, reducing the burden on buyers.

A real estate expert stated, “Places with excellent Seoul accessibility and abundant underlying demand can secure solid rental demand and expect regional revitalization.” He added, “Also, with the DSR phase 3 regulation starting in July, attention should be paid to complexes being sold this month.”

Meanwhile, Shinyoung Construction is currently selling ‘Jewel Estate Gamil Station’ in Gamil District, Hanam City, Gyeonggi Province, which has the best accessibility to Seoul.

‘Jewel Estate Gamil Station’ consists of 77 officetel units with exclusive areas of 41 to 47㎡ on floors B5 to 10, 91 section office units with exclusive areas of 31 to 39㎡, and 87 neighborhood living facilities from B1 to 3 floors.

The complex is located in the immediate vicinity of Gamil Station, where the extension of Subway Line 3 is planned, and within a 5 km radius are Jamsil business district and Olympic Park, allowing easy access to Gangnam and Songpa living areas within about 15 minutes by car.

Abundant underlying demand is also expected. In addition to fixed demand from residents and offices within the complex, Gamil District, where the complex is located, has an underlying demand of 13,797 households. Moreover, a mini-new town population of 33,373 people is planned.

Since it is not subject to the DSR phase 3 regulation (expanded to borrowers with total loans exceeding 100 million KRW), buyers can relatively easily purchase a home or invest.

The sales promotion center for ‘Jewel Estate Gamil Station’ opened on the 17th and is currently operating.