Special Sale of Company-Owned Units at Taehwagang Ubora Complex Retail Space

- 100% Sell-Out of Residential Units and Completed Move-In Ensure Smooth Activation of Retail Space
- Taehwagang Riverside Corner Location with Demand from 20,000 Nearby Households

The 'Taehwagang Ubora Complex Retail Space' supplied by Bando Construction in the Taehwagang commercial district of Ulsan is attracting significant attention from investors due to expectations of rapid profit generation and stable operations.

As uncertainty continues in the real estate market, demand is surging for locations that guarantee immediate and stable revenue streams, rather than relying on the uncertain future value. The 'Taehwagang Ubora Complex Retail Space' has secured multiple advantages that meet these criteria.

First, as a retail space within the 'Taehwagang Ubora Palladium' complex (495 units), the shops are available for immediate operation upon contract, as the complex has already been completed and move-in has begun. In particular, the residential units have been 100% sold out and occupancy is complete, so the time required for the retail space to become fully active is expected to be short, backed by a fixed demand from all 495 households.

There is a consensus that the 100% sell-out of residential units is highly meaningful, especially given the recent trend where unsold residential units persist even after completion, leading to sluggish move-in and, consequently, high vacancy rates in the retail spaces, resulting in overall decline of the commercial area.

Another strength is the potential for rapid returns with a low initial price burden. As a newly built retail space, it is attractive to both investors and end users planning to operate directly, since there is no need to pay the premium (key money) that is typically required when purchasing existing shops in already active commercial districts?the sales price alone suffices.

The scale and design of the retail space also stand out, promising stable operations. The facility boasts a massive scale equivalent to 1.7 times a soccer field, raising expectations that it will become a regional landmark. Notably, the design features a ceiling height of up to 6 meters, and the third floor includes terrace shops, which provide a sense of openness and comfort, making it ideal for increasing customer dwell time and, consequently, boosting operational profits.

Additionally, the retail layout is designed as a lifestyle-oriented tenant mix that minimizes customer movement and encourages synergy between stores, which is expected to ensure a steady inflow of customers and reduce operational fluctuations caused by economic changes.

The surrounding demand base further enhances the value of the retail space. There is direct demand from approximately 2,000 households in the high-end residential-commercial belt along the Taehwagang River, as well as residential demand from Jung-gu's old downtown area, and the influx of about 20,000 permanent residents from the nearby Ujeong Innovation City is also anticipated.

The Taehwaru Intersection commercial district, where the retail space is located, serves as a gateway connecting Jung-gu and Nam-gu in Ulsan and has a consistently high floating population. In addition, the surrounding Taehwa General Market and Ujeong Market contribute to the area's vibrant foot traffic.

An industry official commented, "Recently, investors have become increasingly conservative, preferring complexes where expected returns are predictable and can be realized quickly. The Taehwagang Ubora Complex Retail Space is an attractive choice for both end users and investors, as it offers 100% sell-out of residential units, no premium for new construction, a lifestyle-oriented tenant mix, and a highly competitive location, making stable returns predictable."

Meanwhile, the 'Taehwagang Ubora Complex Retail Space' is being developed in Ujeong-dong, Jung-gu, Ulsan Metropolitan City, with a total floor area of 12,632.0856 square meters (3,821.2059 pyeong), comprising 99 units across three above-ground floors (1st to 3rd floors). A special sale is currently underway for company-owned units, and a promotional center has been opened on the first floor of the 'Taehwagang Ubora Palladium' complex retail space, where consultations for sales (investment) and leasing inquiries are available.