- Core Commercial Facilities Attract Attention for Stable Rental Income
- Scarce Central Seoul Location Offers Abundant Foot Traffic
As the real estate market has recently entered a wait-and-see phase, there is growing interest in investment products that offer stable rental income rather than capital gains. In particular, commercial properties with solid underlying demand and high foot traffic are attracting investors' attention.
Against this backdrop, commercial facilities in central Seoul are gaining even greater value due to their scarcity. Seoul already has vibrant commercial districts and a dense subway network, making it easier to secure stable rental demand based on abundant foot traffic.
Amid this market trend, 'Gyeonghuigung Ubora Park Mall,' located in a prime area of central Seoul, is drawing attention. This commercial facility is situated directly across from Dongnimmun Culture Park and is directly connected to Yeongcheon Market, offering unrivaled accessibility. Its location allows it to naturally absorb a large volume of foot traffic, including both users of Yeongcheon Market and visitors utilizing the public parking lot at Dongnimmun Culture Park. Out of a total of 64 units in this commercial facility, 55 units are being offered for general sale.
To maximize these locational advantages, Bando Construction plans to implement pedestrian circulation designs that consider visitor inflow and further enhance convenience for vehicle visitors by linking the facility with the public parking lot. This is expected to effectively channel the surrounding foot traffic into the commercial facility, contributing to a vibrant commercial atmosphere.
Additionally, the property boasts a double-station location, accessible from both Dongnimmun Station on Line 3 and Seodaemun Station on Line 5, providing excellent public transportation access. There is also a robust underlying demand from more than 12,000 nearby households, as well as direct and indirect business demand from nearby institutions such as Samsung Hospital and the National Police Agency, supporting expectations for stable commercial activity.
The value of the 'Gyeonghuigung Ubora Park Mall' location has already been proven in previous apartment sales. In fact, the 'Gyeonghuigung Ubora' apartments achieved a high first-priority subscription competition rate, with an average of 124.4 to 1, and all units were sold out in the first round. Notably, the 59-square-meter exclusive type recorded a peak competition rate of 164.2 to 1, demonstrating strong demand.
The promotional center for 'Gyeonghuigung Ubora Park Mall' is located on Songwol-gil in Jongno-gu, Seoul. For more details, please refer to the official website.
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