- Incheon Jung-gu with abundant population of financially strong 3040 generation, highest preference for small to medium-sized complexes
- Residential officetels as alternative products to small to medium-sized complexes gaining popularity amid population growth trends
Demanders in Jung-gu, Incheon City, have shown a strong preference for complexes with small to medium-sized areas.
On the 11th, an analysis of apartment sales transaction status by area over the past five years (2017?2021) by the Korea Real Estate Board revealed that among the total 10,639 apartments traded, the transaction ratio for small to medium-sized areas with exclusive use areas between 41 and less than 85㎡ reached 81.48% (8,669 units). This figure is higher than the nationwide small to medium-sized transaction ratio of 79.63% during the same period.
The real estate industry analyzes that this preference phenomenon is due to the abundant population ratio of the 30s and 40s age group in Jung-gu, Incheon City, who have strong purchasing power for housing.
According to the resident registration population by administrative district from Statistics Korea, the population of the 30s and 40s age group in Jung-gu, Incheon City, increased by 18% over five years, from only 39,812 in 2017 to 47,225 in 2021, showing an annual increase in the 30s and 40s population in the past five years within Incheon City. This contrasts with neighboring districts such as Dong-gu, Seo-gu, Namdong-gu, Bupyeong-gu, and Gyeyang-gu, where the 30s and 40s population is decreasing.
As many government offices and companies are concentrated in Jung-gu, Incheon City, the 30s and 40s population is expected to continue increasing, leading to ongoing preference for complexes with small to medium-sized areas.
In fact, Jung-gu, Incheon City, hosts various government offices linked to Incheon Port, such as the Incheon Main Customs Office, Incheon Regional Public Procurement Service, Incheon Regional Maritime Affairs and Fisheries Office, and Incheon Port Security Corporation, as well as the Jung-gu Office of Incheon City. Companies like CJ CheilJedang, Hyundai Doosan Infracore, Hyundai Steel, Dongkuk Steel, Doosan Industrial Vehicle, and industrial complexes such as Incheon General Industrial Complex, Incheon Machinery Industrial Complex, and Juan National Industrial Complex are also located there.
With the continuous increase of the 30s and 40s population in Jung-gu, Incheon City, interest is reportedly extending beyond small to medium-sized complexes to residential officetels that serve as alternatives.
Recently, the residential officetel ‘e-Pyeonhansesang City Hangdong Marina’ currently being sold in Jung-gu, Incheon City, features an exclusive area of 82㎡ with a 4-bay plate-type layout (excluding some units) rarely seen in officetels, along with specialized designs such as high ceiling heights.
Real estate experts say that ‘e-Pyeonhansesang City Hangdong Marina’ is attracting attention as it is the first residential complex supplied in the Jung-gu area since 1990 and serves as a residential complex backing the port redevelopment project in the Incheon Inner Port area, combining both residential and investment value.
‘e-Pyeonhansesang City Hangdong Marina’ is
DL E&C’s ‘e-Pyeonhansesang City Hangdong Marina’ is a residential officetel that, unlike houses, allows owners to maintain ‘non-homeowner’ status when applying for apartment subscriptions in the future. It also has the advantage of not being subject to regulations such as multiple home ownership, re-winning restrictions, residential area, or mandatory residence period.
This residential officetel ‘e-Pyeonhansesang City Hangdong Marina’ will be built in the Jung-gu area of Incheon City (Hangdong district unit planning zone) with 4 buildings from 3 basement floors to 39 above-ground floors, an exclusive area of 82㎡, and a total of 592 units. Being constructed up to the 39th floor, some units will have the advantage of sea views.
Inside the complex, an open dining kitchen combining the living room, kitchen, and dining space is designed to secure efficient flow (excluding some units). Outside the complex, facilities such as a weather station indicating fine dust levels, fine dust reduction plantings, mist spraying facilities, and air curtains at building entrances will be installed, promising a comfortable living environment.
Convenience facilities such as hospitals, large marts, and cultural centers, as well as elementary and middle schools, are located around the complex. The Suin-Bundang Line’s Sungui Station, Line 1’s Incheon Station, and Dongincheon Station are also accessible. Movement to various government offices, CJ CheilJedang, Hyundai Doosan Infracore, Hyundai Steel, Dongkuk Steel, Incheon General Industrial Complex, and Juan National Industrial Complex is convenient. The future construction of the Bupyeong Coastal Pier Line tram route is expected to improve transportation conditions.
‘e-Pyeonhansesang City Hangdong Marina’ is not subject to the DSR Level 3 regulations fully enforced from July, and offers a fixed first contract deposit benefit of 10 million KRW, minimizing cost burdens, so it is expected to be a popular choice among the 30s and 40s age group.
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