Due to changes in the market, interest rate hikes, and rising prices, investment sentiment is favoring stable commercial properties with a solid fixed demand base. Additionally, as the government continues its real estate loan regulation policies, consumers are increasingly interested in real estate products that offer less financial burden and stable monthly rental income.
As the first residential complex in the Neunggok Redevelopment Promotion District, the ‘Daegok Station Doosan We’ve’ complex is attracting attention with its planned commercial spaces. It is located next to Daegok Station, a future stop on the GTX (Greater Seoul Metropolitan Express Railroad) Line A, and right in front of Neunggok Elementary School, boasting a strong demand base.
An official stated that commercial spaces within the ‘Daegok Station Doosan We’ve’ complex in the Neunggok Redevelopment Promotion District (also known as Neunggok New Town) will be offered for sale in mid-July.
The commercial spaces for sale in the ‘Daegok Station Doosan We’ve’ complex consist of a total of 30 units and will be supplied through a highest bid auction method in mid-July.
The sales representative said, “Located in the core commercial area of Neunggok and facing the main road at Neunggok Intersection, unlike typical commercial spaces next to the main entrance of apartment complexes, these commercial units can attract not only residents but also external demand. This makes them a valuable product with stable demand and rarity.”
They added, “In the context of rising interest rates and ongoing loan regulations, investors seeking stable rental income and end-users who will operate businesses within the complex are showing strong interest. Especially, as the commercial spaces are situated in front of Neunggok Elementary School, they are expected to be an optimal location for academies, cafes, and similar businesses, drawing significant attention.”
The bid deposit is 10 million KRW, with payment conditions as follows: a down payment of 10% of the winning bid amount, 10% as an interim payment, and 80% as the balance. The balance payment can be made after the scheduled completion date in September 2022 but before the move-in designation expiration date.
The ‘Daegok Station Doosan We’ve’ sales promotion center is currently operating.
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