Office-tel with low vacancy rate ‘Eyes’

Office-tel with low vacancy rate 'Eyes'

Supply volume is also increasing significantly as consumers’ interest in officetels that can make profits along with housing convenience increases.

The most important thing in studio investment is ‘rental demand’. This is because even if the location is excellent and the price is expensive, low demand increases the vacancy rate and lowers the return, which reduces the value as an officetel.

According to the real estate industry on the 27th, attention is being paid to the surrounding areas where Sangam DMC in 강남안마 추천, Seoul, and large business districts such as Yongsan International Business District and Songdo International Business District.

Dongbu Engineering & Construction is selling an “Asterium Yongsan” officetel in the third district near the International Building in Hangang-ro 2-ga, Seoul. Yongsan International Business District is a complex development project that combines work, commerce, and culture on 566,800㎡ of land, and the officetel consists of two buildings with seven basement floors and 32 floors above ground, and a total of 207 rooms with a dedicated area of 49㎡. Sinyongsan Station on Subway Line 4 is directly connected to the complex, and Yongsan Station on Subway Line 1 and Samgak Station, a transfer station on Line 4 and 6, are nearby.

In addition, the Gyeongui Line double-track subway from Yongsan Station to Sangam DMC Station will open this year, and the Gangnam-Yongsan Shinbundang Line will also open in 2017.

Yojin Construction Industry is selling “Gangdong Y City” in Gil-dong, Gangdong-gu, Seoul, where there is a high demand for rent behind the scenes such as Gangil High-tech Business Complex, Cheonho New Town, and 2nd Lotte World. Samsung Engineering’s new building, which can accommodate 7,600 employees, was recently completed in nearby Sangil-dong. The size of Gangdong Y City is 288 households, including 216 urban living houses and 72 officetels on the second basement floor to 18 floors above ground. The second floor above the ground will be equipped with community facilities for residents, including rest areas and fitness centers, and green areas such as Ssamji Park and rooftop mini gardens in the complex will also be prepared. It is available on foot to Gangdong Station and Gildong Station on Subway Line 5, and offers benefits such as a flat rate system of 10 million won and interest-free intermediate payments.

Officetel supplies are also available in the nesting area in Gangnam, Seoul. Daewoo Engineering & Construction will sell “Gangnam Prugio City” in blocks 7-1 and 7-2 of Gangnam Bogeumjari District in May. This place is convenient to move to Gangnam Teheran-ro as well as rental demand around Suseo Station. The size consists of 401 rooms of 24-44㎡ dedicated to it. It is only 1.3km from Bogeumjari District to Suseo Station of Subway Line 3, so transportation is convenient. In addition, a 380,000㎡ complex transfer center in Suseo Station area, which faces Daemosan Mountain to the north, is expected to be opened in 2014. The sale price per 3.3 square meters is around 10.7 million won.

International Trust is selling “Gongdeok Opista” officetels in Gongdeok-dong, Seoul. It consists of 100 rooms with a dedicated area of 14-24㎡ and has six universities, including Sookmyung Women’s University, Ewha Womans University, and Yonsei University, within a 2km radius, so it is worth expecting fixed demand from students and professors.

In addition, it is located in the downtown area and has abundant demand for office workers, and can be used on foot to Seoul Station on Subway Line 1, Sookdae Station on Line 4, Gongdeok and Aeogae Station on Line 5, and Hyochang Park in front of Line 6. The sale price is around 11 million won per 3.3 square meters.

Daewoo Engineering & Construction is also planning to sell its “Songdo Global Campus Prugio” officetel in Incheon Songdo District’s 5th district Rm 1 block in the first half.

It consists of a total of 606 rooms with a dedicated area of 24 to 84㎡, and is located in the Songdo Global Campus Complex, where 10 foreign universities will be located. It is expected to become a residential facility behind companies and researchers, teachers, administrative personnel, and students who will migrate from around the world in the future.

Yang Ji-young, head of Real Today’s team, said, “In the case of officetels behind business districts, investment is safe because they support fixed demand for business districts,” adding, “Optels in large business districts, which are recently being developed in Seoul and new cities, are worth looking forward to stable rental profits and capital gains.”