Commercial Facility within Ulsan Taehwagang I-Park Complex Featuring Water View Draws Attention

- Commercial Properties with Water Views Still Popular in the Real Estate Market
- Highly Valued for Pleasant Natural Environment and Limited Location Scarcity

Commercial properties with water views continue to enjoy strong popularity in the real estate market. This is due to their unobstructed views and pleasant environments, as well as their limited locations adjacent to rivers, seas, or lakes, which make them highly rare.

In the industry, commercial properties with water views are generally composed of businesses related to leisure activities such as relaxation and culture, resulting in longer visitor dwell times. Leveraging these advantages, they are geographically well-positioned to attract nearby residential demand and visitors to waterfront parks, making them a selective choice for tenants and investors.

In fact, commercial properties offering water views often gain fame on various social media platforms (SNS), becoming popular landmarks. Representative examples include Alleyway Gwanggyo located in front of Gwanggyo Lake Park and Lake Como near Dongtan Lake Park. These places have become well-known destinations attracting visitors not only from nearby residential areas but also from other regions, maintaining steady commercial vitality.

An industry insider stated, “When choosing commercial properties, factors such as locational rarity and synergy with nearby businesses should be considered. If there is abundant water view and hinterland demand, it is advisable to secure the location before its value rises further.”

As a result, the commercial spaces within the ‘Ulsan Taehwagang I-Park’ complex, located in the Seongnam-dong area of Jung-gu, Ulsan, are attracting significant interest from buyers. The commercial area consists of 22 units spread across the 1st to 3rd floors.

Situated right in front of the Taehwa River, some units offer river views, and there is a riverside walking path that is advantageous for attracting visitors. Additionally, the eco-friendly ‘National Garden (Shilli Bamboo Grove)’ along the Taehwa River and Ulsan’s representative historic site ‘Taehwaru’ are nearby, enabling the absorption of tourism demand as well.

Nearby commercial facilities include Ulsan Youth Street, Megabox, Ulsan Museum of Art, Ulsan Hyanggyo Confucian School, and Culture Street. Furthermore, the ‘Ulsan Hydrogen Tram Line 1 (scheduled for 2029),’ which will connect Ulsan’s northern, central, and southern districts, is planned, and the floating population is expected to increase.

Moreover, the commercial spaces benefit from the fixed demand of 377 units of Taehwagang I-Park officetels, allowing for a diverse tenant mix. The hinterland demand from Ujeong Innovation City (with 10 resident institutions and approximately 19,900 residents) is also anticipated.

The promotional center for the ‘Ulsan Taehwagang I-Park Commercial Facilities’ is currently operating, and detailed information regarding subscriptions can be obtained through the website and the main contact number.