[서울=뉴스핌] Reporter Oh Gyeong-jin = An officetel that can receive tax benefits according to the January 10 real estate measure announced earlier this year is attracting attention near Yeongdeungpo Rotary, a living area in Yeouido, Seoul. SHD Holdings, a sales agency, is selling ‘Yeouido High & 1st’ in the area of Yeongdeungpo-dong 3-ga, Yeongdeungpo-gu, Seoul. This officetel consists of a total of 85 rooms, with a total floor area of 4816.86㎡, 2 underground floors and 20 above-ground floors. By type, there are 34 rooms in 29B, 17 rooms in 29C, and 34 rooms in 45A.
One of the many advantages of Yeouido High & 1st is that it is virtually the only officetel in Yeongdeungpo, Seoul that can benefit from the 1/10 measure, which allows the government to exclude the number of houses when calculating acquisition tax, transfer tax, and comprehensive real estate tax to small non-apartment houses.
Through the 1/10 real estate measure announced earlier this year, the government imposed an acquisition tax upon initial purchase for small officetels with an exclusive area of 60㎡ or less (KRW 600 million in the metropolitan area and KRW 300 million in regional areas) to be completed from January 2024 to December 2025. It was decided to provide a discount of up to 50%. In addition, it was decided to exclude it from the number of houses when calculating acquisition tax, transfer tax, and comprehensive real estate tax.
Accordingly, during this period, if a two-home owner, including a residential officetel, acquires another home and becomes a three-home owner, a tax rate of 1 to 3% is imposed on the person as a two-home owner. In particular, Yeouido High & 1st is scheduled to be completed in February 2025 and is attracting great investor interest as it is almost the only building in the Yeongdeungpo area of Seoul that meets the conditions to benefit from the 1/10 measures.
Benefits can also be expected from the demolition of the Yeongdeungpo overpass near the complex. On October 25, Seoul City and Yeongdeungpo-gu began demolition of the Yeongdeungpo Rotary overpass as part of the ‘Yeongdeungpo Rotary structural improvement project.’ Seoul City and Yeongdeungpo-gu plan to create green spaces such as parks and plazas on large-scale unused land secured through the demolition of the Yeongdeungpo overpass.
There are also high expectations that the value of surrounding real estate will increase when the Yeongdeungpo elevated roadway is demolished and traffic and residential conditions improve. In particular, when the Yeongdeungpo overpass is demolished, it will be possible to conveniently travel to Yeouido within a 10-minute walk, and there are many predictions that the prices of surrounding apartments will rise as it becomes much easier to use the subway Singil Station and Yeongdeungpo Station.
Another attraction is that the future value is high due to the abundance of large-scale development opportunities nearby. First, near the complex, the Shinansan Line, with a total length of 44.7km connecting Ansan, Siheung, Yeongdeungpo, and Yeouido, is under construction with the goal of opening in 2027. The GTX-C route, with a total length of 82.8km connecting Incheon~Bupyeong~Yeouido~Yongsan~Seoul Station~Cheongnyangni~Mangwoo~Byeolnae~Maseok Station, is also scheduled to begin construction in 2024 and be completed in 2030. The area around Yeongdeungpo Station’s brothel and residential areas is being developed into a large complex with commercial, office, and residential functions.
Transportation is also convenient. Yeouido High & 1st is a triple subway complex conveniently located within a 5-minute walk from Singil Station, a transfer station for subway lines 1 and 5, and Yeongdeungpo Station, line 1, allowing quick access to major business areas in Seoul. It is also easy to use the metropolitan road network, including Olympic-daero, Gangbyeonbuk-ro, and Jemulpo-gil underpass.
The surrounding living infrastructure is also well-equipped. Within a 1km radius, there are Yeongdeungpo Station commercial districts and Yeongdeungpo Market, and within a 2km radius, a large commercial complex is formed with various convenience facilities such as various department stores such as Times Square, E-Mart, Shinsegae, and Lotte Department Store, hypermarkets, hospitals, and food alleys. there is.
The surrounding residential environment is also expected to become more pleasant. This is because Jungmaru Park and Yeongdeungpo Park are a 1-minute walk away, and the Yeongdeungpo overpass in front of the complex is scheduled to be demolished and transformed into a large green space.
As it is a complex adjacent to direct ownership, demand for rentals in the rear is also expected to be solid. Surrounding the complex is the central commercial district of Yeongdeungpo, where workers from various industries work, and Yeouido, an office-dense area for large corporations and financial institutions, is also nearby.
The interior space design customized for 1-2 person households also attracts attention. Yeouido High & 1st is designed as a single-story (20 rooms) and duplex-type (65 rooms) officetel with an exclusive 29.14~45.01㎡, 1.5-room and 2-room 3-bay structure, which is popular among small-sized households.
Reasonable sales prices are also attracting attention. The selling price for type 29 is from the high 300 million won range, and the selling price for type 45 is from the low 600 million won range. This price is lower than the surrounding officetel market price as well as the sale price.
Subscriptions will be accepted at the Korea Real Estate Board’s subscription homepage from December 2nd to 6th. Yeouido High & 1st is currently operating a cyber model house on its official website, and there is a model house on the 8th floor of the site. The sales promotion center is operated in Gyeongin-ro, Yeongdeungpo-gu, Seoul.
