- Popular Residential Accommodation Facilities Enjoy Convenient Transportation Environments such as Subway Station Areas and Bus Transfer Centers
- Byeollae's Representative Residential Accommodation ‘Byeollae Xi The Star’ Executive Features Triple Station Area Location
Recently, residential lodging facilities located at transportation hubs where various transit networks intersect have been attracting attention. These residential lodging facilities are highly valued for their transportation convenience, as they encompass not only subway and train station areas but also extensive road networks.
In particular, these residential lodging facilities are gaining popularity as spaces that can meet the demand of commuting office workers based on excellent transportation networks, as well as serve as temporary accommodations for business trips, leading to a continuous increase in demand.
In fact, recently supplied residential lodging facilities have been provided in downtown station areas convenient for commuting, multi-station areas accessible to complex transfer centers, GTX, KTX, and other wide-area transportation networks, or triple station areas where three subway lines intersect, drawing significant interest.
Last year, ‘Angsana Residence Yeouido Seoul,’ supplied in Yeouido, Seoul, gained popularity due to its convenient transportation network and accessibility to downtown areas such as Yeouido. This residential lodging facility features a convenient transportation network within walking distance of Yeouido Subway Station and Yeouido Transfer Center, as well as abundant infrastructure including IFC Mall, Hyundai Department Store The Hyundai Seoul, Yeouido Park, Saetgang Ecological Park, and Hangang Citizen’s Park.
In Byeollae New Town, Namyangju, Gyeonggi Province, the residential lodging facility ‘Byeollae Xi The Star’ Executive, supplied last year near Byeollae Station, is attracting attention. This complex is highly regarded for its outstanding transportation merits.
First, it features a triple station area that makes travel to central Seoul convenient. Byeollae Station is a triple station area where the currently operating Gyeongchun Line Byeollae Station, the Byeollae Line (planned for 2023) extending Subway Line 8, and the GTX-B Line (planned) intersect. Once the Byeollae Line and GTX-B Line open, it is expected to facilitate easy access to major business districts such as Gangnam, Seoul Station, Yongsan, and Yeouido.
It also has road networks that allow convenient travel to metropolitan cities. Through the nearby Byeollae IC and Toegyewon IC, users can access the Metropolitan Area 1st Ring Expressway, and via Nambyeollae IC, the Sejong (Guri) Pocheon Expressway is accessible. Especially, once the Sejong-Guri section of the Sejong-Pocheon Expressway, currently under fiscal project development, opens, it will enable rapid travel from the eastern metropolitan area to northern Gyeonggi Province. This section, considered a core project in establishing the national key transportation network and often called the 2nd Gyeongbu Expressway, is currently being developed in segments from Guri to Anseong and Anseong to Sejong.
As such, ‘Byeollae Xi The Star’ Executive is attracting attention for its diverse usability that absorbs not only commuting and business trip demand but also short- and long-term demand such as temporary relocation demand due to reconstruction and redevelopment, thanks to its excellent wide-area transportation network. It is a customized product that can naturally meet the 2-3 year residential gap caused by reconstruction and redevelopment concentrated in Seoul, leading to a natural influx of demand.
Robust product quality is also cited as another competitive advantage. ‘Byeollae Xi The Star’ Executive is equipped with a full-furnished system and offers hotel-style breakfast, lunch, and dinner at reasonable prices, as well as various concierge services such as housekeeping for dual-income and elderly couples. Considering the recent increase in households with pets, pet care services are also provided.
A real estate expert explained, “Recently supplied residential lodging facilities tend to be located primarily in station areas with very convenient transportation access. When transportation networks are convenient, commuting demand, business trip demand, and relocation demand due to reconstruction and redevelopment can naturally be met, leading to steadily increasing demand.”
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