Small officetels attracting both residential and investment demand... 'Gwacheoncheongsa Station Hanyang Sujain' stands out with prime location and quality features

[Perspective view of Gwacheoncheongsa Station Hanyang Sujain]

With the rapid increase in single- and two-person households, demand for small-sized residential facilities is rising. In particular, compared to apartments, which have recently faced supply shortages and strict regulations, small officetels with lower entry barriers are attracting the attention of demanders.

According to population registration statistics from Statistics Korea, the proportion of single- and two-person households among all households nationwide has been steadily increasing: 60.57% in 2019, 62.65% in 2020, and 64.23% in 2021. As of June this year, the share of single- and two-person households was 64.93%, with an increase of 436,904 single-person households and 182,360 two-person households compared to the same period last year.

However, the supply of small apartments that can accommodate these households is insufficient. Especially in the Seoul metropolitan area, the number of apartments with exclusive areas of 60㎡ or less that were sold or scheduled for sale this year decreased by 81.39%, from 95,422 units last year to 17,758 units this year.

This concentration in the metropolitan area is analyzed to be caused by various factors such as real estate regulations, political instability due to regime change, rising interest rates, and deterioration of the macroeconomic and housing market environment.

Accordingly, real estate demanders are turning their attention to small officetels as alternatives to small apartments. Since subscription savings accounts are not required, younger generations with relatively low subscription scores and homeowners can apply for subscriptions. Additionally, the investment amount is lower than that for apartments or medium- to large-sized officetels, and liquidity is excellent, making them preferred by investors.

Meanwhile, small-sized officetels centered on compact floor areas are being supplied in Gwacheon, Gyeonggi-do, known as the ‘Jun-Gangnam’ area, attracting attention.

Hanyang Co., Ltd. has begun full-scale sales of an officetel complex located in Byeolyang-dong, Gwacheon-si, within walking distance of Government Gwacheon Office Station on Line 4. The complex consists of one building with 7 basement floors to 22 above-ground floors, offering units with exclusive areas ranging from 23 to 55㎡, totaling 288 units (254 for general sale). The complex combines officetels, offices, and neighborhood living facilities, with the officetels located from the 7th to the 22nd floor.

Gwacheon Office Station Hanyang Sujain offers a variety of floor plans to meet the increasing demand from single- and two-person households, ranging from studio types to two-room types suitable for newlyweds, broadening the selection options.

Notably, high-end finishing materials, which are generally included as paid options, are provided as free options to enhance the quality of the space. The entrance step is constructed with engineered stone for all unit types, kitchen countertops and walls are finished with ceramic or engineered stone, and flooring in the living room, kitchen, and corridor (for type 23, studio and corridor flooring) can be chosen between porcelain tiles or engineered hardwood.

Additionally, a full-furnished system (excluding some types) is applied, providing basic amenities such as a system air conditioner, built-in combo refrigerator, electric oven, washing machine, dryer, and three-burner induction cooktop, enhancing product competitiveness. Furthermore, to improve residential convenience, individual storage rooms for each unit are placed on every floor to safely store bulky items or seasonal goods.

Gwacheon Office Station Hanyang Sujain, which accepted subscription applications on August 2, will conduct official contracts at the model house over three days from August 8 to 10.

This content was produced with the assistance of AI translation services.