Popular Amid Uncertain Real Estate Market, Affordable Real Estate Product 'Gimpo Hangang New Town Huitraum' for Sale

- Bank of Korea Executes Big Step Rate Hike on 12th... Further Rate Increase Expected in November This Year
- Practical Real Estate Products Gain Popularity... Residential Office-tels Offering No-Interest Midterm Payments After Removing Price Bubbles Appear

As global economic uncertainties intensify this year, the domestic real estate market is also plunging into a fog. This is because the government's tightening policies and a high-interest rate trend are expected to continue for the time being.

Following the Bank of Korea's big step (a 0.5% point interest rate hike) on the 12th, housing mortgage loan interest rates are also expected to be significantly affected. Moreover, with another base rate hike forecasted for next month, tension is spreading in the real estate market.

There are market expectations that housing mortgage loan interest rates will exceed the upper limit of 8% for the first time in 14 years within this year. On the 11th, the fixed-rate mortgage loan interest rates of the five major banks?KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup?were already above 7%, ranging from 4.89% to 7.082% annually.

If the base rate rises again next month in addition to this month's big step, the era of housing mortgage loan interest rates surpassing 8% at the upper limit is expected to arrive. With the U.S. Federal Reserve widely expected to raise rates again next year, domestic housing mortgage loan interest rates could even approach the upper 10% range.

As housing mortgage loan interest rates rise sharply, opportunities for ordinary citizens to own their homes are gradually diminishing. The increased financial costs make it more difficult to enter the housing market.

The investment trend in the real estate market is also slowly changing. Until last year, when the real estate market was booming, investment tendencies strongly focused on realizing 'capital gains' upon sale. However, this year, investors aiming to generate high and stable rental income, similar to a pension, are increasing.

Among these, officetels introduced in Gimpo Hangang New Town with practical pre-sale prices that clearly eliminate price bubbles are attracting the attention of both actual users and investors. Since these are residential-type officetels resembling apartments, they offer both comfort and convenience, along with abundant surrounding development benefits.

The main subject is the residential officetel 'Gimpo Huutraum,' located in the Gurae-dong area of Gimpo City, Gyeonggi Province.

This officetel will be constructed with three basement floors and ten above-ground floors, totaling 169 units (exclusive area 27?36㎡). It offers 133 practical 1.5-room residential spaces with separate kitchens and bedrooms, and 36 two-room units suitable for 2?3 person households. The two-room units adopt a 3-bay innovative layout (36 units), similar to apartment floor plans.

The pre-sale price of the 1.5-room officetel (based on the 27㎡ exclusive area type) is set in the high 100 million KRW range. Considering that the 'Gimpo Hangang Truel Limited Edition' 28㎡ exclusive area units supplied in Gurae-dong in 2018 were priced around 190 million KRW, there is little difference compared to the prices four years ago.

Currently, the officetel is running a lowest price guarantee system. This system refunds the difference if a cheaper product is found than the one currently being sold.

Additionally, various financial benefits are provided, effectively allowing buyers to enjoy the effect of a price reduction simultaneously.

Given that housing mortgage loan interest rates are expected to surpass 8% annually within this year, the scale of interest-free benefits on intermediate payments is expected to increase. Moreover, if certain conditions are met at the time of contract, interest costs on the deposit will be supported up to 10%. A promotion allowing contracts with a 5 million KRW deposit is also underway.

Purchasing this officetel can also significantly reduce taxes. Housing priced under 100 million KRW (including officetels) is not counted as a housing unit when calculating acquisition tax. Therefore, even if you purchase another house later, the acquisition tax surcharge regulations related to this officetel will not apply.

Furthermore, this officetel applies a full-furnished system, so additional costs after moving in are expected to be minimal. System air conditioners are installed in the living room and bedroom, and built-in home appliances such as a refrigerator, drum washing machine (with drying function), and two-burner induction electric cooktop are provided. An island dining table, middle door, sliding door, and individual storage for each unit are also included as standard. Additionally, built-in wardrobes will be installed free of charge in the 1.5-room units, and dressing rooms in the two-room units.

'Gimpo Huutraum' boasts excellent location conditions and solid demand. Since the Gurae-dong area has been developed as a complex business district, numerous office and commercial facilities are concentrated there. In particular, knowledge industry centers line the area around the site, housing many companies, which is expected to ensure abundant fixed demand.

If the development of Daegot District (E-CITY), which is being promoted as an economic free zone, is completed, the value of 'Gimpo Huutraum' is expected to increase further. Also, the largest complex cultural shopping mall in Gimpo, World Guinness 622 Tower, is scheduled to be built nearby. This facility will include a theme park, indoor swimming pool, aquarium, and an 800-seat Lotte Cinema.

A sales promotion center is in operation, and if you make a reservation by phone before visiting, you can receive consultation immediately without waiting.