Simultaneous Sale of 59 Commercial Units in Cheomdan 3 District Complex

- Advanced 3 District 3 Blocks Approximately 4,000 Households Expected Fixed Demand for 1st Floor In-Complex Commercial Spaces
- All Units 1st Floor Roadside Commercial Spaces, Strong Exposure Effect

As approximately 4,000 apartment units in the ‘Cheomdan 3 District’?all sold out due to high competition?secure a fixed demand, simultaneous sales of commercial spaces within the Cheomdan 3 District complex in Gwangju are attracting significant attention from buyers.

Gwangju Cheomdan 3 PFB Co., Ltd. is preparing for the simultaneous sale of a total of 59 commercial units within the complex in July, including 30 units in the ‘Hillstate Cheomdan Central’ commercial area in A1 Block, 22 units in the ‘Cheomdan 3 District Jeil Punggyeongchae’ commercial area in A2 Block, and 7 units in the ‘Cheomdan 3 District Jeil Punggyeongchae’ commercial area in A5 Block.

This is the first commercial space sale within the ‘Cheomdan 3 District,’ where all three apartment blocks were sold out with high competition rates, and it is evaluated to have solid demand, excellent product quality, and future value.

An industry insider stated, “Cheomdan 3 District recorded outstanding competition rates, such as an average of 5.89:1 in A5 Block, 5.39:1 in A2 Block, and a peak of 11.47:1, resulting in complete sell-outs, verifying its excellent location and future value. The commercial spaces within the complex are also expected to yield high profitability, so fierce competition for winning and contracting is anticipated.”

The commercial spaces offered simultaneously are all located on the front side of the first floor, providing excellent visibility and convenient access for customers. Additionally, with a planned population of approximately 18,900 and about 7,800 households (planned) within the Cheomdan 3 District, stable underlying demand can be secured.

The commercial facilities in A1, A2, and A5 Blocks, supplied for the first time in Cheomdan 3 District, have high scarcity value and carry brand premiums such as Hillstate and Jeil Punggyeongchae. Furthermore, with about 4,000 households (A1: 1,520 units / A2: 1,845 units / A5: 584 units) about to move in, securing abundant demand is a significant advantage.

A1 Block is adjacent to the central commercial district and the research and development complex, and is expected to be a bustling commercial area 365 days a year as demand from the main commercial zone is linked. The brand-centered MD (merchandise distribution) composition recommends promising business types such as real estate, cafes, bakeries, beauty salons, tutoring centers, snack bars, and fast food.

A2 Block, adjacent to the central park and schools, is a street-front commercial area with abundant foot traffic, recommending convenience stores, dessert cafes, and pet shops with a high-attention MD composition.

A5 Block, near school zones and residential areas including detached houses and multi-family housing sites, has abundant potential demand and is noted as a demand-exclusive commercial area with only seven units, offering high scarcity value. The MD composition focuses on essential daily life facilities considering the location characteristics, favoring businesses such as laundromats, beauty salons, and side dish shops.

The area around the project site is rich in development benefits that can be expected to boost regional development and future value. The Cheomdan 3 District development project involves a total investment of 1.2 trillion KRW and plans to establish an AI-based science and technology startup complex (scheduled for 2026), one of the 10 major national tasks, and Korea’s first National Cardiovascular Center (planned). Additionally, with the planned relocation of the AI gifted high school and the Jungbu Police Station, upon completion, it is expected to become Gwangju’s largest residential-industrial complex new town with 135,000 residents, together with Cheomdan 1 and 2 Districts.

Regarding transportation, three new stations are planned in Cheomdan 1 District and one in Cheomdan 2 District along Gwangju Subway Line 2 (Phase 2 project, scheduled for completion in 2029). A new road connecting Sangmu District and Cheomdan Industrial Complex is scheduled for completion in 2026. The Honam Expressway and Gwangju Outer Ring Road are also easily accessible.

A sales official stated, “Inquiries from investors are rapidly increasing ahead of the first simultaneous sale of commercial spaces within the Cheomdan 3 District complex. Since stable profits and future value appreciation are possible, it is expected to sell out quickly after sales begin in July.”

The promotional center for the simultaneous sale of commercial spaces within the Cheomdan 3 District complex is located near Sangmu Station on Gwangju Subway Line 1.

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