Recently, due to various factors such as interest rate hikes and rising prices, the real estate market has been on a downward trend, leading investors to turn their attention to the small officetel market in the Seoul metropolitan area. This shift is attributed to several advantages of officetels, including their good locations, suitability for residential use amid the expanding rental housing shortage in the metropolitan area, relatively lower investment amounts, and high liquidity.
In this real estate market, the ultra-station area ‘Metroville Officetel,’ located just a 2-minute walk from Cheolsan Station and offering high convenience, has announced its sale.
The ‘Cheolsan Station Metroville Officetel,’ newly supplied near Cheolsan Station for the first time in about 20 years, will be built on 12 lots in Cheolsan-dong, Gwangmyeong-si, Gyeonggi-do. It will be developed on a scale of three basement floors to 17 above-ground floors. Inside, a total of 142 units will be supplied, including 122 general units and 20 neighborhood commercial facilities. The parking facilities can accommodate all private vehicles of the households.
Cheolsan Station boasts the highest foot traffic in Gwangmyeong-si and has the largest commercial area. The Cheolsan Station Metroville Officetel is located about a 2-minute walk from Line 7 Cheolsan Station, making it highly visible and accessible.
Additionally, near the Cheolsan Station Metroville Officetel are Gwangmyeong City Hall and various government offices, as well as concentrated lifestyle convenience facilities such as financial institutions, medical centers, shopping, and cultural amenities. These advantages are expected to meet the demand of actual residents.
Furthermore, the surrounding residential complexes located right next to the project site are designated as Gwangmyeong New Town District 12, consisting of about 2,100 households, and are undergoing redevelopment, which adds development benefits and raises expectations for future value.
A sales representative stated, “Officetels with a publicly announced land price below 100 million KRW are excluded from the housing count, which is increasing interest in officetels.” They added, “Metroville Officetel is attracting significant attention as a new officetel due to its advantage of being near Cheolsan Station and the development benefits such as the designation of Gwangmyeong New Town District 12.”
Meanwhile, construction and sales of Cheolsan Station Metroville are underway, and detailed information can be obtained through the main contact number.
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