‘Sokcho Howard Johnson,’ a residential lodging facility with excellent transportation conditions that allow quick access not only throughout Sokcho but also to Seoul, is currently available for sale in Sokcho, Gangwon Province. This residential lodging facility is gaining attention for its superior accessibility to Seoul, and with the addition of a newly established major road nearby, it is expected to build a solid transportation network.
In fact, since the full opening of the Seoul-Yangyang Expressway, Sokcho City in Gangwon Province, where this residential lodging facility is located, has become quickly accessible from Seoul. Using this road, it takes about 90 minutes to reach Sokcho from Seoul and the metropolitan area. Additionally, public transportation infrastructure such as express buses is well established besides private vehicles.
Moreover, transportation benefits such as the Donghae Northern Line and the East-West High-Speed Railway are also forthcoming. The East-West High-Speed Railway connecting Seoul, Suncheon, and Sokcho is scheduled to open in 2027. With the opening of the KTX Sokcho Station, it is expected that travel time from Seoul to Sokcho will be reduced to about one hour. Furthermore, the number of KTX passengers using the Gangneung Line will increase, which is anticipated to boost tourism inflow to the East Coast.
There is another transportation benefit that local residents and Sokcho Howard Johnson pay the most attention to. It is the newly constructed four-lane major road in front of the project site. Joyang-dong, where the project site is located, is a section with heavy traffic as it is densely packed with Sokcho’s central commercial and residential areas. In March last year, Sokcho City announced the commencement of construction for an urban planning road with a width of 20 meters and a length of 333 meters between Donghae-daero and Joyang-ro. As a result, Sokcho Howard Johnson is expected to enjoy an additional four-lane major road besides the existing Donghae-daero.
Accordingly, the industry agrees that well-established transportation networks such as railroads and highways are important factors determining the value of a complex in the real estate market, and Sokcho Howard Johnson is expected to achieve significant value appreciation in the future. Especially in provincial areas where railroad transportation networks such as subways are somewhat lacking, wide major roads and other road transportation networks can create a clear difference in value.
With such a rapid transportation network, Sokcho Howard Johnson is located in the Joyang-dong area of Sokcho City, Gangwon Province, with a total of 476 units ranging from 22㎡ to 54㎡ in exclusive area. It offers various floor plan types so that demanders can choose according to their preferences, and some units provide natural views of Cheongcho Lake, the East Sea, and Seoraksan Mountain. Kyobo Asset Trust is the developer, and Daewoo Shipbuilding & Marine Engineering Co., Ltd. is responsible for construction.
In addition to the abundant transportation network, the area near the project site gathers various central infrastructures of Sokcho City, including residential, tourism, and shopping facilities. First, it is expected to attract many tourists as it is close to representative Sokcho tourist spots such as Sokcho Beach, Expo Tower, and Sokcho Central Market, as well as tourist facilities like Daepo Port, the planned marine cable car, the Daegwanryangcha ‘Sokcho Eye’ Ferris wheel, and theme parks. Also, large marts like E-Mart and Sokcho Express Bus Terminal are within walking distance, allowing convenient access to infrastructure.
Meanwhile, Sokcho Howard Johnson applies the Howard Johnson brand of the global hotel group Wyndham, which is expected to activate quickly in the future, enhancing its investment value. The global hotel brand Wyndham Group operates over 7,500 hotels with approximately 630,000 rooms in 66 countries worldwide, including Days Inn, Ramada, Wingate, and Wyndham Grand. They are scheduled to manage the operation, and with sales-centered management, it is attracting attention as a stable investment destination with guaranteed profitability transparency.
Currently, Sokcho Howard Johnson operates two showrooms in Gangnam, Seoul, and Sokcho, Gangwon Province.
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