Incheon Urban Corporation, Bupyeong Sipjeong The Sharp and Songlim Park Prugio Commercial Space Sale
[Asia Economy Reporter Park Hyesook] Incheon Urban Corporation will sell a total of 41 units through an open competitive bidding (Onbid) on the 16th, including 26 commercial units within Bupyeong Sipjeong The Sharp (5,678 households) and 15 commercial units within Songnim Park Prugio (2,562 households).
The commercial units at Bupyeong Sipjeong The Sharp (216 Sipjeong-dong, Bupyeong-gu) are street-type shops, consisting of a total of 219 units across 9 buildings from the 1st to the 4th floor.
It has a fixed demand base of 5,678 households, the largest complex in Incheon, and abundant floating population in the background. It is adjacent to Dongam Station and Incheon Subway Lines 1 and 2 (Ganseok Ogeori Station, Gajaeul Station). With abundant green spaces such as Baegun Park and Sipjeong Green Park, it is expected to help revitalize the commercial area along with increased mobility demand.
The commercial units at Songnim Park Prugio (185 Songnim-dong, Dong-gu) consist of 39 units in one building from the 1st to the 2nd floor.
As a monopoly commercial area absorbing 2,562 households, it secures fixed demand, and is also adjacent to Dongincheon Station, Songhyeon Market, and Jayu Park, making it easy to secure floating population not only on weekdays but also on weekends.
This sale includes units with exclusive areas ranging from 30 to 58㎡, and some commercial units that can secure stable tenant demand due to abundant floating population and large apartment complex residents will be sold first, with additional sales planned next month.
The corporation plans to announce the successful bidders on the 23rd and sign contracts on the 29th and 30th.
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An official from Incheon Urban Corporation stated, "Due to the government's strong real estate regulations recently, income-generating real estate that creates stable rental demand is gaining popularity," and added, "The commercial units for sale this time are located in large apartment complexes near stations with fixed demand, so the investment risk is low and the value is expected to increase further."
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