Officetels in small complexes with less than 99 rooms, which avoid restrictions on resale, are gaining popularity.  The photo shows officetels in Yeoksam-dong, Gangnam-gu, Seoul.  (Maekyung DB)
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“Restrictions on resale if more than 100 rooms”… Officetels with less than 99 rooms are popular.

Officetels in small complexes with less than 99 rooms, which avoid restrictions on resale, are gaining popularity. The photo shows officetels in Yeoksam-dong, Gangnam-gu, Seoul. (Maekyung DB)

The popularity of ’99 rooms or less’ officetel sales is hot. This is because there are no restrictions on resale under the current law, making it highly attractive for investment. There was a competition ratio of hundreds to one at most for such small officetel subscriptions.

According to the Korea Real Estate Agency subscription home, the ‘Yongsan Two Weni First 99’ officetel subscription in Yongsan-gu, Seoul in March ended with a competition ratio of up to 386 to 1. It is an ultra-small officetel with only 22 households in total. 324 and 386 people, respectively, flocked to the preferential sale of type A and type C residents, each supplying one room at a time. The C-type general sale also recorded a 139.2 to 1 competition.

‘Hillstate Cheongnyangni Metroble’ in Dongdaemun-gu, with a total of 96 households, also recorded high competition in the subscription held in February. The competition ratio of 899.75 to 1 was achieved in the priority sale for residents of the 40OA type that supplies Room 4. In the same type of general supply, the competition ratio was 246.3 to 1.

Dongdaemun-gu ‘Sinseol-dong Station Zairne Officetel’, which announced the winner on May 2, recorded a competition rate of up to 266 to 1. It is also a small officetel with 95 households. For those in District 2, the number of supply rooms is only 4, but 1,066 people flocked to it.

This year, the officetel subscription market has been underdeveloped and sluggish, but small officetels with less than 99 rooms are continuing their ‘undefeated march’. Last February, ‘Eluk Seocho’ closed its subscription with 108 out of 330 households in short supply. In the same month, 133 out of 399 households fell short of the ‘Giselle Lifegraphy Seocho’ subscription.

The reason officetels with less than 99 rooms are gaining popularity is because they avoid restrictions on resale. The Enforcement Decree of the Building Sales Sales Act (Enforcement Decree of the Building Sales Act) restricts resale of officetels with 100 or more rooms.

[윤은별 기자]
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Reference-www.mk.co.kr

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