With the zero interest rate maintained, the popularity of shopping malls in the real estate market is exceptional. It is receiving great response from investors in that it can achieve a high rate of return compared to the bank interest rate, and it can collect stable monthly rental income unlike stocks or cryptocurrencies.
In the midst of this, experts advise that one way to do this is to look at the stores with a high initial contract rate, which have already been verified by investors.
Commercial facilities that achieved a high contract rate in the early stage are also highly evaluated for investment stability in that they have already been verified by consumers. In particular, the industry analyzes that the sooner the sale is completed, the faster the future commercial district is formed, and the risk of vacancy is low.
In fact, the commercial facility ‘Dongtan Lake Como’ supplied to Dongtan 2 New Town in 2016 sold out all rooms within 3 days of the contract. The commercial facility, which celebrated its 1st anniversary this year, has established itself as a landmark commercial facility in the region, with various stores such as Terra Rosa, famous for specialty coffee, Tingul Store, a select shop, and Arc and Book, a lifestyle bookstore.
An industry official said, “If you are a novice investor who has difficulties in analyzing the commercial area and identifying the floating population, it is good to pay attention to the remaining volume of commercial facilities that recorded a high contract rate in a short period of time. You can expect a profit from the market price as well,” he said.
A large-scale commercial facility recently introduced in a key location in Gwanggyo New Town has achieved a high contract rate in a short period of time, drawing the attention of investors.
The commercial facility ‘Hills Avenue Gwanggyo Jungang Station First’ to be built by Hyundai E&C in Suwon-si, Gyeonggi-do achieved a contract rate of over 70% within 4 days of contract start. Considering that it is a large-scale commercial facility with a total of 366 rooms, the initial contract rate is very high.
In particular, the first-floor room (the highest price of 10.3 billion won), which had the highest pre-sale price, also signed the contract smoothly, and the remaining rooms are expected to close quickly.
A sales official said, “There was strong demand from behind as public institutions such as the Gyeonggi Provincial Government building are scheduled to move in, and investors were interested in the fact that it was the only shopping mall to be directly connected to the subway in the Gwanggyo residential district. Since it is a commercial facility, it is expected to be sold out in the near future.”
‘Hills Avenue Gwanggyo Jungang Station First’, which is expected to be sold out in a short period of time, will be built at the forefront of Gyeonggi Convergence Town, which is considered a core development project of Gwanggyo New Town. In addition, the subway and bus transfer center are scheduled to be connected directly in the basement of commercial facilities, so it is expected to absorb floating population using public transportation first.
‘Hills Avenue Gwanggyo Jungang Station First’, located right in front of Gwanggyo Jungang Station on the Shinbundang Line, will be directly connected to Gwanggyo Jungang Station on the Shinbundang Line on the 3rd basement level and the bus transfer center on the 2nd basement floor. If the connection is confirmed, ‘Hills Avenue Gwanggyo Central Station First’ will be the only commercial facility directly connected to the subway in Gwanggyo New Town, and its value is highly evaluated.
The efficient design of the circulation line that maximizes the influx of passengers from Gwanggyo Jungang Station and the metropolitan transit center on the Shinbundang Line also attracts attention. With the installation of escalators and elevators that organically connect all floors, it is planned to be designed as an open street shopping mall with abundant floating population regardless of the basement and ground floors.
Gwanggyo Lake Park and Suwon Convention Center are nearby, so it is expected to absorb floating people who visit them. Nearby, around 2 million square meters of Gwanggyo Lake Park, there are numerous cultural complexes such as Suwon Convention Center where international conferences can be held, aquariums, department stores, outlets, and hotels.
In particular, according to the Gwanggyo district development plan (22nd) and the implementation plan (23rd) amendment plan, the ‘Gwanggyo New City Central Business District Street Space Plan’ is scheduled to create an underground passage connecting the Gyeonggi Convergence Town and Gwanggyo Lake Park. When the underground connection passage is completed, the demand for visiting cultural complexes concentrated in Gwanggyo Lake Park is expected to naturally lead to ‘Hills Avenue Gwanggyo Central Station First’.
‘Hills Avenue Gwanggyo Jungang Station First’, which will be created as a Hyundai E&C Hillstate brand shopping mall, has 3 basement levels, 3 stories above the ground, a total floor area of 42,776 m2, and a total of 366 rooms. .
Currently, some of the remaining rooms are being sold on a first-come, first-served basis, and the PR Center is located in Suwon-si, Gyeonggi-do. To prevent the spread of COVID-19, the PR Center is operating on a reservation-based visit system.
Correspondent Choi Bong-seok [email protected]
Source: 아시아경제신문 실시간 속보 by www.asiae.co.kr.
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