- Gwacheon Jijeongta at the Core Location Connecting Gangnam-Pangyo, Situated on a Main Road in a Station Area
- Securing a Back-Demand of 90,000 Including 8,400 Jijeongta Households, About 7,800 Old Town Households, and 50,000 Knowledge Industry Center Workers
The domestic base interest rate was raised by 0.5 percentage points in a single 'big step,' causing the housing market to contract. Amid this, investors are turning their attention to commercial properties in prime locations, which have fewer regulations and are expected to see stable rent increases.
Industry experts predict that despite reduced yields due to the interest rate hike, demand for commercial properties in prime locations will continue. A real estate industry specialist said, "From an investor's perspective, as interest rates rise, rents also increase, offsetting the interest burden. Commercial properties are less regulated compared to housing, so investment enthusiasm is expected to remain strong, especially in prime locations."
Accordingly, commercial facilities in Gwacheon Knowledge Information Town have recorded competition rates as high as 1,616 to 1 and an average of 168 to 1, selling out within just three days, making Gwacheon Knowledge Information Town's commercial properties a 'hot' investment destination. Additionally, ‘Gwacheon i-Plex,’ located near a station, is generating anticipation ahead of its commercial property sale.
‘Gwacheon i-Plex’ is located in Block 1 of the public housing district in Gwacheon Knowledge Information Town, Gwacheon-si, Gyeonggi Province. It is planned to be a building with four basement floors and ten above-ground floors, with commercial facilities on floors 1 to 3, multi-offices on floors 8 to 10, and parking lots on basement levels B4 to B1 and floors 4 to 7.
The most distinctive feature is the well-established demand environment. Gwacheon i-Plex, situated in the only central commercial district within Gwacheon Knowledge Information Town, secures a rich hinterland demand of approximately 8,400 households. By 2024, 4,527 households are expected to move into Knowledge Information Town, and it can also absorb demand from employees of about 100 companies located in the knowledge-based industrial site (knowledge industry center). Including the 8,400 households moving into Knowledge Information Town, about 7,800 households in the old downtown of Gwacheon, and approximately 50,000 employees of the knowledge industry center, a total of 90,000 people can be considered as hinterland demand.
It is also notable that it is located in an attractive area with excellent access to Seoul Gangnam and Seocho, at the core of the knowledge-based industry extending from Gangnam to Pangyo and Gwacheon. It is adjacent to business zones such as Gwacheon old downtown, Anyang, Pyeongchon, and Indeogwon, providing a favorable working environment. Additionally, floating populations from Anyang and Pyeongchon areas can also flow in.
Moreover, it is a super-station area close to Knowledge Information Town Station (scheduled to open in 2025), and with the upcoming opening of the GTX-C line and the Wolgot-Pangyo double-track railway, accessibility to Gangnam and the metropolitan area is expected to improve further. Proximity to the Seoul Ring Expressway and the 2nd Gyeongin Expressway is also an advantage, allowing quick travel throughout the metropolitan area by car.
A sales official stated, "Gwacheon i-Plex is a commercial facility located in a highly scarce designated core location within Gwacheon, securing hinterland demand not only from surrounding residential complexes but also from knowledge industry center employees. Being a super-station commercial property on a main road, it offers high visibility and abundant foot traffic, enabling stable investment returns, which has led to continuous inquiries from investors."
The down payment for the commercial facilities and multi-offices at ‘Gwacheon i-Plex’ is 10% and 20%, respectively, with interest-free benefits on intermediate payments. In the case of multi-offices, small offices, retail facilities, and commercial facilities can be freely used without restrictions on tenant business types.
‘Gwacheon i-Plex’ is currently operating a sales promotion center.
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