Investment Demand Surges for Coliving House 'Gasan Mobius Tower'

- 'Coliving House', Strengthened Private and Shared Spaces Due to Ministry of Land, Infrastructure and Transport's Building Act Revision... Low Vacancy Probability Due to High Demand
- Equipped with Various Community Activity Spaces Including Full-Furnished System, Sky Lounge, and Coworking Space, Enhancing Resident Satisfaction

[Gasan Mobius Tower Coliving House Community Facility / Photo by Fides Development]

As the number of single-person households in their 20s and 30s increases recently, 'co-living houses,' a type of shared housing, are gaining attention.

According to the Administrative Safety Statistical Yearbook released by the Ministry of the Interior and Safety at the end of last year, the recent population of single-person households is 9,724,256 households. Among them, single-person households in their 20s and 30s increased by 3.26% compared to the previous year, reaching 3,155,788 households, accounting for 32.45% of all single-person households.

In particular, young office workers in their 20s and 30s prefer 'proximity to workplace' as a factor in choosing their workplace, and centered on this group, the number of single-person households in their 20s and 30s is steadily increasing. In fact, single-person households in their 20s and 30s have increased by an average of 6.94% annually over the past five years (2018?2022).

Along with the increase in single-person office worker households, the monthly rent of officetels, which have been responsible for housing single-person households, is also on the rise. According to the Korea Real Estate Board, the nationwide officetel monthly rent price index steadily rose from 102.73 in May to 102.93 in September.

Against this backdrop, 'co-living houses' are attracting attention as a new housing alternative. Compared to existing one-room apartments or officetels, they offer relatively lower costs, safety in terms of security management, and various community facilities beyond those of apartment complexes, resulting in high demand.

Thanks to abundant demand, from an investor's perspective, 'co-living houses' are recognized as a new alternative for income-generating real estate. Earlier this February, the Ministry of Land, Infrastructure and Transport revised related building laws to establish the 'rental dormitory' use, enabling large-scale supply and lowering vacancy rates, thus allowing for stable income expectations.

An industry insider explained, "Rental dormitory-type co-living houses have rents positioned between officetels, one-room apartments, and goshiwons, and they are equipped with various community facilities, resulting in high tenant satisfaction. Therefore, vacancy rates are low and contract renewal rates are high."

◇ Urban-type ‘Co-living House’ in Gasan G-Valley with Abundant Demand Gains Attention

Recently, the urban-type co-living house ‘Gasan Mobius Tower Co-living House’ located in the Seoul Digital Industrial Complex (G-Valley), where many young office workers in their 20s and 30s gather, has attracted attention.

The Seoul Digital Industrial Complex (as of 2021) is the largest IT industrial complex in Korea, housing 12,663 resident companies and 143,522 workers. Especially, about 54% of the total workers are in their 20s and 30s, making it a young industrial complex with high demand for co-living house occupancy among young office workers.

‘Gasan Mobius Tower Co-living House’ was designed as an ‘urban lifestyle center-type co-living house’ with three solutions: ‘compact private rooms, abundant community facilities, and services by a professional operator,’ synthesizing various co-living house cases and domestic trends. Notably, it incorporates practical spatial planning reflecting the ‘WE DO,’ ‘All in Vill,’ and ‘All in Room’ trends from the ‘7 Major Space Trends’ announced by Fides Development.

Private spaces vary in size from 10.6 to 28.33 square meters of exclusive area. Most private spaces have ceilings expanded to over 3 meters (3.7 to 3.1 meters), designed to enhance creativity. Lofts are applied in duplex units, and combined with service balcony areas, the actual usable space can be about 1.5 to 2 times larger than the exclusive area.

The full-furnished system also draws attention. Built-in wardrobes and storage cabinets, kitchens equipped with sinks, system air conditioners, refrigerators, washing machines, and portable hobs are provided as standard. Additional daily necessities can be accessed through various services offered by the professional operator according to tenants’ needs.

The community activity spaces are located on comfortable and scenic ground floors, which is a major advantage. They are diversely and three-dimensionally arranged across several floors by purpose, providing differentiated facilities and professional operation management services.

The second floor houses active community spaces. A spacious kitchen equipped with high-end appliances and dining tables of various sizes offers a comfortable dining area, and the laundry room is equipped with large washing machines and dryers, making it easy to handle bulky laundry. The fitness room (home gym) boasting rooftop garden views and an outdoor garden perfect for fresh air are community facilities that enhance lifestyle.

The top floor, the 20th floor, features a sky lounge and co-working space where residents can use seats for one person, two to three people, or large meeting rooms for telecommuting, meetings, or reading. The outdoor rooftop terrace offers views of Anyangcheon, allowing gatherings or relaxation.

From the 5th to the 17th floors, pocket lounges are installed every three floors in five locations, enabling residents on nearby floors to easily use them. These are furnished as reception rooms and lounges that can be used like living rooms for inviting friends, and home cinemas with large screens for immersive experiences.

The basement floor includes parking and seasonal storage available for residents’ use as needed. Residents can conveniently and affordably use all community spaces within the building without going outside their private spaces. To this end, Share House Wooju Co., Ltd., which has abundant know-how in shared housing, manages the entire community operation as the ‘Cellipgadi’ branch.

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