In June, the government announced a policy limiting the maximum amount of mortgage loans for apartments in the Seoul metropolitan area and regulated zones (speculative, overheated speculation, and adjustment target areas) to 600 million won. This marked the introduction of strong regulations in the apartment market. The intention is to prevent certain demand from stimulating the overall market.
As these regulations have come into full effect, investor interest is gradually shifting from the apartment market to income-generating real estate. Products with less regulatory burden and the potential for stable rental income are emerging as alternatives.
In addition, expectations for a rate cut by the US Federal Reserve have fueled speculation about a preemptive rate cut by the Bank of Korea. As a result, investor sentiment, which had been subdued in the high interest rate environment, is gradually recovering. The combination of housing market regulations and interest rate cuts is making the inflow of capital into the income-generating real estate market even more pronounced.
Amid this trend, Gangwon Province is solidifying its position as a prime destination for income-generating real estate investment, thanks to an explosive increase in tourism demand. The ongoing influx of visitors seeking marine leisure and relaxation, coupled with accelerated improvements in accessibility such as the normalization of Yangyang International Airport, has brightened the long-term outlook for accommodation demand.
In particular, Yangyang is attracting attention as a location that offers both stable rental income and capital gains, thanks to the expansion of tourism infrastructure and rising regional value.
A local real estate expert stated, "With the recent combination of stricter regulations and interest rate cuts, investment demand is naturally shifting toward income-generating real estate. In particular, Gangwon Province is drawing more attention to income-generating real estate as accessibility has greatly improved with the expansion of tourism infrastructure and the normalization of Yangyang International Airport. Among these areas, Yangyang stands out as a region where investors can expect both stable rental income and future capital gains. With steady tourism demand throughout all four seasons, the area offers high long-term investment value."
As the number of tourists increases and regional value rises, interest in lifestyle accommodation facilities is growing in Yangyang. Among the most notable products is "Inscape Yangyang by Parnas."
Located in front of Naksan Beach in Yangyang, "Inscape Yangyang by Parnas" will be the tallest hotel-type building in Gangwon Province, standing 39 stories high and reaching 174.6 meters. Its sophisticated curved exterior, inspired by a lighthouse, is a distinctive feature. The rooftop lounge on the top floor offers panoramic views of Seoraksan Mountain and the East Sea.
The signature space, the glass-floor observatory "Glass Edge," offers a unique experience reminiscent of Hudson Yards in New York.
The rooms feature fan-shaped panoramic windows that take advantage of the building's circular exterior, allowing all rooms to enjoy expansive views of the East Sea. There are a variety of room types, including two-bedroom suites for families. In particular, the direct access to Naksan Beach, located right in front of the complex, is a unique advantage of "Inscape Yangyang by Parnas."
The 16th floor is equipped with high-end hotel amenities, including an outdoor infinity pool, indoor pool, private cabanas, poolside bar, and fitness center, allowing guests to enjoy premium leisure all year round.
"Inscape Yangyang by Parnas" is currently in its second phase of sales, following the completion of the first phase. The complex consists of a total of 393 units, with Daewoo Engineering & Construction responsible for the project, ensuring stability and high quality.
The sales promotion center can be visited by making a reservation in advance near Cheongdam Station in Seoul.
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