- Base Rate Cut and Jeonse Fraud Accelerate Shift from Jeonse to Monthly Rent
- 'Hanyang The Chamber Parklogia' in Gamil District Gains Attention for Excellent Seoul Accessibility
Due to the base interest rate dropping to the 2% range for the first time in 2 years and 6 months since August 2022, the interest rates on representative one-year deposit products at Korea's five major banks have fallen below 3% per annum. As a result, there is an increasing number of demanders seeking income-generating real estate to receive monthly rent from tenants. At the same time, the preference for monthly rent is rising due to the impact of jeonse fraud, accelerating the conversion from jeonse to monthly rent.
According to an analysis of lease transactions by housing type conducted last year by the real estate information platform Dabang, jeonse transactions decreased by 9% compared to 2023, while monthly rent transactions increased by 10% for officetels. This trend indicates that officetels are gaining attention as attractive investment destinations and reasonable housing alternatives. According to KB Real Estate, the rental yield of officetels in the metropolitan area recorded the highest level in 6 years and 10 months since 2018. This is interpreted as investors turning their attention to income-generating real estate and demanders seeking secure monthly rent flocking to officetels.
Against this backdrop, residential officetels in promising areas with excellent accessibility to Seoul are drawing attention, with a representative example being 'Hanyang The Chamber Parklogia' in the Gam-il District. 'Hanyang The Chamber Parklogia' is being developed in Gam-il District, Hanam-si, Gyeonggi-do, with 6 basement floors and 10 above-ground floors. It is a complex residential facility that includes high-end residential officetels, multi-offices, and commercial facilities. It is located in a prime spot in Gam-il District, which is evaluated to have better accessibility to Seoul than Wirye New Town and Misa District.
Gam-il District is adjacent to Songpa and can fully enjoy Songpa's abundant infrastructure, so it is also called the 'Songpa living area' or 'New Songpa.' Above all, it boasts excellent accessibility to downtown areas such as Gangnam, offering high work convenience and residential satisfaction. Thanks to its stable infrastructure and outstanding transportation convenience, it is a location with high demand for both investment and actual residence.
The residential facilities of 'Hanyang The Chamber Parklogia,' located in the core area of Gam-il District with abundant demand, mainly consist of rare small- to medium-sized floor plans within Gam-il District. It introduces various custom options allowing space configuration choices, and some floor plans offer individual terrace spaces, attracting the attention of demanders with its unique specialized design.
The offices also offer various sizes and option selections according to demand and can be used as offices, residential spaces, or showrooms as needed. Various communities for residents and tenant companies are established, enabling comfortable work and living environments. The commercial facilities are also located in the main central street of Gam-il District, and it is analyzed that customer inflow will be active.
As a representative residential complex facility of Gam-il District, this product is adjacent to a cultural history park and close to Cheonma Park and Geumam Mountain, allowing residents to enjoy a pleasant natural environment. It also boasts excellent educational environments such as Dansem Elementary School, Shinwoo Elementary School, and Gam-il High School, enhancing its investment value. With differentiated space configurations, a location close to downtown workplaces, high cultural life infrastructure, and high-end residential spaces, 'Hanyang The Chamber Parklogia' is evaluated to satisfy both investment and occupancy demand.
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