- Large-scale hot spring facilities and supply of highest quality hot spring water lead to high guest satisfaction
- Popular investment destination with potential for dividend income through free use or consignment operation
‘Chestertons Sokcho,’ a residential lodging facility emerging as a hot spring resort destination in Sokcho, Gangwon Province, is currently conducting a special sale of company-held units in the Gyodong area of Sokcho City, attracting significant attention from second house buyers and investors.
The residential lodging facility ‘Chestertons Sokcho’ was constructed with a total of 968 units spanning from three basement floors to 12 above-ground floors, with unit sizes ranging from 28 to 120 square meters. As the largest residential lodging facility in Sokcho and the Gangwon region, it has received favorable reviews for its differentiated facilities and diverse ancillary programs.
This complex features a massive 300-pyeong (approximately 991 square meters) hot spring swimming pool, an open-air hot spring, and a hot spring sauna, supplying top-quality hot spring water that has garnered positive responses from guests. According to officials, the sudden cold weather has drawn many tourists eager to enjoy the hot springs, resulting in a zero vacancy rate and high popularity.
Moreover, residents can fully enjoy the scenic views of Cheongcho Lake, Sokcho Sea, and Seoraksan Mountain within the complex, with a rooftop relaxation space on the top floor offering panoramic views of Cheongcho Lake. Additionally, abundant community facilities such as a shared kitchen, barbecue zone, outdoor performance hall, and welcome food station provide various pleasures for residents staying within the complex.
Various events are also prepared for guests. Currently, in collaboration with professional companies, a rich event program under the theme ‘Chestertons is Relaxation’ is offered, including yoga programs for kids and families, DIY classes, cooking classes, aqua recreation, and concerts featuring classical music, DJing, and busking performances.
The living spaces, designed with the convenience of residents in mind, are another advantage. Each unit is equipped with a full furniture system, and a variety of life care programs such as housekeeping, delivery services, and babysitting are provided to maximize convenience.
The living environment outside the complex also drives the popularity of the residential lodging facility ‘Chestertons Sokcho.’ First, it is praised for its excellent accessibility. In particular, the opening of the Seoul-Yangyang Expressway (East-West Expressway) in 2017 has made travel to Seoul much more convenient. Within a 30-minute drive, Yangyang International Airport, which operates 25 international routes including Japan, China, and Taiwan, as well as three domestic routes, is accessible.
Further improvements in transportation infrastructure are planned, promising even better convenience. In 2027, the East-West High-Speed Railway connecting Seoul Yongsan, Chuncheon, and Sokcho is scheduled to open, allowing travel between Sokcho and Seoul Yongsan in about 1 hour and 15 minutes. Similarly, the KTX-Eum line connecting Busan Bujeon, Gangneung, and Jejin is also set to open in 2027, enabling travel to Busan Bujeon in three hours.
The proximity of various tourism infrastructures near the complex is another noteworthy point. Near ‘Chestertons Sokcho’ are Sokcho Central Market, Sokcho Beach, and Cheoksan Hot Spring Resort Village, creating potential synergy effects. As domestic and international tourism becomes more active in the future, Sokcho’s status as a marine leisure hub is expected to strengthen. This complex is also anticipated to see an increase in future value, drawing growing interest.
‘Chestertons Sokcho’ is also gaining recognition as a stable investment destination among investors. First, contract holders can freely book stays whenever they wish. In particular, those who have purchased units can make reservations earlier than general users and enjoy lower prices. Conversely, if not used and left vacant, the units can be entrusted to a professional management company to generate dividend income.
Another advantage is that, due to the nature of residential lodging facilities, ownership does not count as owning two houses under one household. It is exempt from comprehensive real estate tax and capital gains tax surcharges, and there are no resale restrictions. The fact that a subscription savings account is not required also lowers the entry barrier for investment. Many investors are paying attention to the ease of ownership and use without burden.
Furthermore, ‘Chestertons Hotel & Residence,’ entrusted with management, is a global real estate brand boasting a 217-year history and enjoys high trust in the industry. Currently operating over 200 branches in 29 countries worldwide, its extensive experience and know-how help reduce the investment burden even for first-time real estate investors.
Meanwhile, the sale prices for ‘Chestertons Sokcho’ start from around 160 million KRW for studio units, 280 million KRW for two-room units, and 400 million KRW for suites.
‘Chestertons Sokcho’ is currently operating a promotional center.
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