Daebang Elyum Prestige Commercial Complex Scheduled for Public Auction on March 22

- Pohang's First Economic Free Zone 'First Commercial Complex Within Penta City'
- Ground Floor Street-Type Shops in All Units of a Large Complex with 1,328 Households and Stable Demand

Daebang Industrial Development announced that it will hold a public competitive bidding for commercial spaces within the ‘Pohang Pentacity Daebang Elyum Prestige’ complex on Friday, March 22.

The commercial spaces within the ‘Pentacity Daebang Elyum Prestige’ complex cater to a fixed demand of 1,328 households and a surrounding demand of approximately 4,000 households from nearby apartment complexes. All units are street-type shops located on the ground floor, offering excellent accessibility and exposure, making them highly attractive for customer attraction.

‘Pentacity Daebang Elyum Prestige’ is the first apartment complex to be completed among the Pentacity residential complexes, and the commercial spaces within the complex will also benefit from this advantage.

Early move-in allows tenants to secure key business sectors first, as well as absorb demand from surrounding commercial areas, enabling them to establish a loyal customer base before the central commercial district is fully activated.

The number of commercial units within the complex is also a major advantage. The ‘Pentacity Daebang Elyum Prestige’ commercial area consists of a total of 22 units (planned), with a high scarcity value of 60.36 households per unit, making it a commercial space with no vacancy concerns.

Additionally, the starting price is set from the 200 million KRW range, and with the benefit of exemption from intermediate payments, contracts can be made with a 10% deposit, making it a safe investment even amid uncertain interest rate fluctuations.

Pentacity is Pohang’s first economic free zone new city, hosting the Gyeongbuk Provincial Eastern Office, public institutions, and a bio-health special zone, with full completion expected by 2024. Furthermore, with Pohang recently selected as a specialized secondary battery complex, contracts with related companies are being finalized, and expansion of Pentacity is under consideration to secure additional industrial land, making it a new city with abundant future value.

The commercial spaces within Pentacity Daebang Elyum Prestige will begin with the deposit payment of the bid bond (10 million KRW per unit) by the 21st, followed by sequential bidding and bid opening, with contracts signed simultaneously with the highest bidders.

Duplicate applications by the same person for the same unit are not allowed, but there are no restrictions on the number of units one person can apply for or eligibility requirements.

The model house for the commercial spaces in ‘Pentacity Daebang Elyum Prestige’ is located in Sangdo-dong, Nam-gu, Pohang City. The starting prices and detailed schedules can be obtained through the official website and the main contact number.

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