Large-Scale Commercial Facility in the Core Commercial Area of Cheongnyangni Station
Hanyang Launches 'Sujain Art Forest' for Sale... Move-in Scheduled for May Next Year
'Cheongnyangni Station Hanyang Susajin Art Forest' bird's-eye view / Photo by Hanyang
View original image[Asia Economy Reporter Hwang Seoyul] A large-scale commercial facility is set to be established in the main commercial district of Cheongnyangni Station, which is becoming a key commercial area in northern Seoul.
According to industry sources on the 18th, Hanyang plans to sell commercial facilities called ‘Cheongnyangni Station Hanyang Sujain Art Forest’ in Cheongnyangni, which is emerging as a core commercial district in northern Seoul this month. This commercial facility, located in Yongdu-dong, Dongdaemun-gu, Seoul, consists of a total of 219 units, with a total exclusive area of approximately 12,993㎡ and a gross floor area of 30,344㎡, making it a large-scale commercial facility. It is situated from the basement 2nd floor to the 3rd floor above ground of the residential-commercial complex ‘Cheongnyangni Station Hanyang Sujain Graciel (up to 59 floors, 1,152 households)’, which is scheduled for occupancy in May next year.
In particular, Dapsimni-ro nearby is planned to be expanded from the current two lanes in both directions to eight lanes, so Cheongnyangni Station Hanyang Sujain Art Forest will face the main road. Dapsimni-ro is emerging as a new main commercial district in Cheongnyangni along with the formation of a high-rise residential-commercial skyline. A public underground parking lot (135 spaces) is also planned in the park to be created in front of the commercial facility. Adjacent Cheongnyangni Station currently operates six lines including Line 1, Suin-Bundang Line, Gyeongui-Jungang Line, Gyeongchun Line, and Jungang Line, and four new lines including GTX-B Line, GTX-C Line, Myeonmok Line, and Gangbuk Transversal Line are scheduled to be added.
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Recently, commercial facilities have been attracting attention in the real estate market. According to the Korea Real Estate Board, commercial facilities recorded a historic high with 215,816 transactions last year. In particular, investment in commercial facilities is actively being made mainly by high-income groups. According to the ‘2022 Korean Wealth Report’ announced by Hana Financial Group last month, the proportion of commercial real estate held by high-income groups at the end of 2021 was 38%.
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