Booyoung to Lease Commercial Spaces at 'Jinju Forest Booyoung' Next Month

Aerial view of 'Jinju Forest Booyoung' in Jinju, Gyeongnam (Provided by Booyoung Housing)

[Asia Economy Reporter Lee Chun-hee] Booyoung Housing announced on the 18th that it will supply the commercial spaces within the 'Jinju Forest Booyoung' complex, located in Jinju Innovation City, Gyeongnam, next month.

These commercial spaces are located in Block A11 of Jinju Innovation City, Gyeongnam, within Jinju Forest Booyoung. They consist of a single building with 5 stores spread over the 1st and 2nd floors above ground. The units are mainly small-sized, with sale areas ranging from 57 to 115㎡ (exclusive areas of 38 to 77㎡).

Booyoung Housing plans to first supply 3 stores located on the 1st floor, while the 2nd floor units will be retained by the company for future sale. Since Jinju Forest Booyoung is a post-sale complex supplied after completion, business operations can begin immediately after contract procedures are completed.

Jinju Forest Booyoung, where the commercial spaces are located, is a 10-year public rental apartment complex consisting of 11 buildings ranging from 2 basement floors to a maximum of 25 floors above ground, with a total of 840 households of 59㎡ exclusive area (Types A and B).

The supply schedule includes a public auction at 9:30 AM on the 10th of next month. The auction will be held on the 2nd floor of the commercial building on site. Contracts will be signed on the 11th. The tentative sale price is set at 12 to 13 million KRW per 3.3㎡ for the 1st floor units.

A Booyoung official stated, "Considering the size of the complex, the number of commercial stores is small, so stable profits are expected," and added, "Prices are lower compared to surrounding market prices, leading to many inquiries from investors."

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