Commercial Facilities Also Embrace the 'Gongsekwon' Trend... Why You Should Pay Attention to 'Elif Sejong 6-3 Commercial Facilities'

- Post-COVID Lifestyle Changes Highlight Gongse-gwon... Increasing Demand for Comfortable Environments Leads to Abundant Foot Traffic
- Elip Sejong 6-3 Commercial Facilities Adjacent to Oganangtteul and Gippeumtteul Neighborhood Parks Receive Continuous Inquiries as Gongse-gwon Commercial Spaces

As commercial facility transactions reach record-breaking volumes, commercial facilities located in ‘Gongsegwon’ areas are emerging as the trend, drawing significant attention. This is because, following COVID-19, there has been an increase in demand for pleasant environments such as parks, which has led to the formation of abundant foot traffic centered around these areas, creating expectations of benefits.

In fact, as the lifestyle trend of enjoying healing in natural urban environments has taken hold, interest in commercial facilities near parks has been continuous. The demand for visiting nearby commercial facilities for dining or shopping after leisurely spending time at parks has increased even more through the COVID-19 period.

Experts say this trend is closely related to the ‘retail therapy’ trend, which has emerged as a key keyword in the post-COVID-19 commercial real estate market.

Retail therapy is a combination of Retail and Therapy, meaning healing provided through shopping. As the culture of enjoying healing while surrounded by abundant greenery in shopping spaces gains popularity, industry insiders say that people are increasingly drawn to Gongsegwon commercial facilities that embrace natural environments.

As a result, Gongsegwon commercial facilities are becoming more preferred because they can stably secure foot traffic, which is one of the most essential factors to consider when selecting commercial facilities.

An industry insider said, “After COVID-19, demand for green spaces has increased more than ever, and commercial facilities near parks can absorb foot traffic such as visitors, so the vacancy rate tends to be low,” adding, “Minimizing vacancy rates when purchasing commercial facilities determines the success of investment, so interest in Gongsegwon commercial facilities will continue to rise over time.”

Meanwhile, the Gyeryong Construction consortium has completed the sale of Neighborhood Living Facility 2 in the ‘Elif Sejong 6-3’ commercial facility located in a Gongsegwon area, and the remaining units of Neighborhood Living Facility 1 are nearing final availability.

This commercial facility is part of ‘Elif Sejong 6-3,’ a complex being developed in M4 Block of the 6-3 Living Zone in Sejong Administrative City, consisting of 16 buildings from basement level 2 to ground level 29, with a total of 1,035 households ranging from 46 to 84 square meters in exclusive area. The commercial area within the complex comprises 40 units across 2 buildings (Neighborhood Living Facility 1 with 28 units and Neighborhood Living Facility 2 with 12 units). The sale price was set reasonably by reflecting the appraised value, making it competitive compared to nearby commercial facilities, resulting in high subscription rates with only a few units remaining.

The Elif Sejong 6-3 commercial facility boasts a pleasant location surrounded by green spaces such as Sejong Field GC, Gippeumtteul Neighborhood Park, and Oganangtteul Neighborhood Park. In particular, it is close to a planned cultural park walking trail spanning approximately 58,000 square meters, which is expected to attract foot traffic enjoying outings in a comfortable natural environment.

Additionally, it has secured fixed demand from residents of the large branded apartment complex of 1,035 households, as well as nearby residential demand of about 6,000 households including ‘Haemil Village 1st Complex Sejong Master Hills (1,990 households)’ and ‘Haemil Village 2nd Complex Sejong Master Hills (1,110 households).’

Excellent transportation infrastructure is also available. The BRT bus stop is located nearby, allowing quick access to the Government Sejong Complex and Osong Station and Daejeon Station, where KTX trains stop. Furthermore, National Route 1 is adjacent, and internal and external ring expressways within the Happy City and the Pocheon?Sejong Expressway are scheduled to open, which will further improve transportation conditions and attract more demand.

Moreover, the commercial facility is near the first integrated elementary and middle school in Sejong City, Sanul Elementary and Middle School (planned), and a campus-style high school is also about to open, promising diverse educational demand from students and faculty.

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