- General supply volume decreases, causing competition rate to continue rising...
- Attention on ‘Gwacheon Xi Ella Edition’ residential officetel sale news
With the upcoming Chuseok and the arrival of September marking the start of the autumn moving season, the number of nationwide subscription applicants is surging. According to Real Estate R114, the number of first-priority subscription applicants, which was only 13,158 in February this year, has steadily increased for six consecutive months, reaching 173,401 in August. This figure represents an increase of 81,072 applicants compared to 92,329 in July, nearly doubling in just one month.
Recently, alongside the shortage of housing supply and a 1.7% additional rise in the basic construction cost, buyers’ expectations that new apartment prices will continue to soar have coincided with the autumn moving season, intensifying the activity of those aiming to purchase their own homes. In fact, during the same period, the number of general supply units decreased by 1,524, but the subscription competition rate more than doubled from an average of 9.35 to 1 in July to 20.77 to 1 in August.
In this context, residential officetels are attracting attention not only from investors but also from actual residents. Since officetels can reduce the economic burden caused by rising sale prices, many are turning to residential officetels instead of apartments. In particular, Xi S&D (Xi S&D) is set to launch the ‘Gwacheon Xiella Edition’ officetel in October, located in Galhyeon-dong, Gwacheon-si, Gyeonggi-do (Gwacheon Knowledge Information Town Commercial 4BL), drawing significant attention.
‘Gwacheon Xiella Edition’ is situated at the heart of Gwacheon Knowledge Information Town, allowing residents to enjoy abundant and convenient infrastructure within the designated Knowledge Information Town area. It also boasts excellent transportation networks, including the planned Gwacheon Information Town Station, Gwacheon-daero, and the 2nd Gyeongin Expressway, as well as various development benefits such as the planned GTX-C line, promising a secured future vision.
Moreover, approximately 118 companies will move into the knowledge-based industrial complex near the project site in Gwacheon Knowledge Information Town, focusing on promising future technologies, the 4th industrial revolution, and 19 future growth engine technologies. Large corporations such as Pearl Abyss and Netmarble, which have already moved in, as well as pharmaceutical and bio companies like Anguk Pharmaceutical and Kyungdong Pharmaceutical, are either in the process of moving in or have completed relocation, creating abundant job opportunities nearby and providing convenient commuting conditions with close proximity to workplaces.
A sales representative stated, “This project is optimally located near Seocho and Gangnam and at the center of Gwacheon Knowledge Information Town. It features specialized designs such as terraces and attics (in some units), residential-customized space designs like 3Bay and 4Bay layouts, and the introduction of a fully furnished built-in system, adding Xiella’s high-quality design to create an excellent product. Inquiries have been increasing before Chuseok, and we expect continued strong interest after the holiday.”
The ‘Gwacheon Xiella Edition’ officetel will be offered in a total of 98 units on floors 4 through 10 of the building, which spans from basement level 4 to the 10th floor. The units come in various floor plans, including 82m², 84m², 89m², 90m², 92m², and 103m². Commercial facilities on floors 1 through 3 are currently available for sale.
The model house for the ‘Gwacheon Xiella Edition’ officetel is located on Beolmal-ro, Dongan-gu, Anyang-si, Gyeonggi-do.
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