"If you go in believing in the 'Samsung effect,' you'll fail." The vacancy rate in the Pyeongtaek...
Even a property with an appraised value of 100 million won is listed for 6 million won... "Worst in 21 years" The collapse of Gangbyeon Techno Mart
• 감정가 1억 매물도 600만원에…"21년 만에 최악" 강변테크노마트의 몰락
33 out of 40 spaces are vacant... The commercial district near Gwangmyeong Station is in a state of complete ruin
• 40곳 중 33곳이 공실…그야말로 쫄딱 망한 광명역세권 상권
Lowest competition rate in 31 years... Noryangjin collapses as civil service exam takers leave
• 31년 만에 최저 경쟁률…공시생 떠나자 폭삭 망한 노량진
The sad reason why a high-income earner who studied hard ends up losing money on a commercial investment
• 공부 엄청나게 한 고소득자가 상가 투자 폭망한 안타까운 이유
It's a popular area, so you'd think monthly rent of 350,000 would be easy, right? It's a total bust.
• 인기지역이니 월세 350 쉬울 것 같죠? 빼도 박도 못하고 폭망합니다
Rents have doubled in 4 years... The Unsung Cry of Seongsu-dong, a "Hot Spot"
• 4년 새 임대료 2배 폭등…'핫플' 성수동의 남모를 절규
90% Vacancy Due to the Straw Effect... Pangyo Commercial District Struggling in the "Department Store Black Hole"
• 빨대효과에 공실만 90%…'백화점 블랙홀'에 허우적대는 판교 상권
30 of 80 Garosu-gil Stores Vacant... Serosu-gil Also in Danger as Rent Quadruples
• 가로수길 점포 80곳 중 30곳 공실...임대료 4배 뛴 세로수길도 위험
The Shopping Mall Right in Front of City Hall Has Been Empty for 5 Years... Sejong Commercial District Where Not Even Ghosts Appear
• 시청 코앞 상가도 5년째 텅텅…유령도 안 다닐 법한 세종 상권
30 People Passing in an Hour... Why Cheongna Canal Way Was Inevitably Doomed to Fail
• 1시간 동안 오가는 사람 30명…청라 커넬웨이가 폭망할 수밖에 없던 이유
A 14-pyeong Commercial Unit Priced at 1.3 Billion Won? The Gwanggyo Station Area's Commercial District Is on the Verge of Collapse
• 14평 상가 분양가 13억?…무너질 수밖에 없는 '광교역세권 상권'
25 of 35 first-floor stores are empty... The Isan commercial district has been suffering from vacancy for seven years
• 1층 상가 35곳 중 25곳이 텅텅…7년째 공실 폭탄에 울부짖는 이대상권
"The subway is coming": Wirye commercial district sold for 100 million won per pyeong... but has remained empty for 10 years
• "전철 옵니다" 평당 1억 분양했는데...10년째 텅텅 빈 위례 상가
A whopping 50% vacancy rate... The Misa Station commercial district, which sold for 65 million won per pyeong, has collapsed after a period of high expectations
• 공실률 무려 50%…'평당 6500만원' 기세등등 분양하다 폭망한 미사역 상...
48 of 56 first-floor stores are empty... Daejang-dong, the "worst bedroom town" without a single Korean BBQ restaurant
• 1층 상가 56곳 중 48곳이 공실…그 흔한 고깃집 하나 없는 '최악의 베드...
A 150 million won store is now selling for 3.02 million won... Unimaginable vacancy rate, the worst Dongdaemun situation
• "장사 안돼 투잡, 쓰리잡 뛰어요"…상상초월 공실 폭탄, 최악의 동대문 상황
There were high expectations that the nearby commercial district would be revitalized after the Samsung Electronics semiconductor factory opened in Godeok New Town in Pyeongtaek, Gyeonggi Province, in 2015. The steady influx of workers from Samsung Electronics' Pyeongtaek Campus drove up both housing and land prices. However, eight years later, Pyeongtaek's commercial district is now rife with vacancy. Many of the stores, not just mid- to large-sized ones, but even the first floors of small commercial-residential buildings are vacant.
The Godeok Rodeo Street commercial district near Seojeong-ri Station, which leads to Godeok New Town, is lined with empty stores. The first floors of the eight parcels of land are occupied by restaurants, cafes, and real estate agents, but the second floor and above are still rife with rental advertisements. For example, all 165 of the 180 commercial units in Seojeong Tower 2 on Godeok Rodeo Street are vacant, with only 15 remaining.
Local real estate agents pointed to the high pre-sale prices as the cause of the vacancy, citing rising real estate prices and rising land values. The pre-sale price for Seojeong Tower 1 is 1.1 billion won for a 13-pyeong (approximately 43 square meters) unit on the first floor. Monthly rent is 4 million won, with a deposit of 50-70 million won. Landlords and prospective buyers who purchased these units at such high prices are finding it difficult to lower their rents due to the high interest rates.
The commercial district along the back street in front of the main gate of Samsung Electronics' Pyeongtaek Campus is also experiencing a slump in vacancy. The main street commercial district directly across from Samsung Electronics' Pyeongtaek Campus is bustling with cafes, restaurants, and mobile phone stores. However, if you venture into the back alleys, you'll find that most of the first-floor retail spaces in small commercial buildings remain vacant. Since the Samsung Electronics Pyeongtaek Campus opened, rents have risen sharply, particularly in this main street commercial district. An official at a K real estate agency near the Samsung Electronics Pyeongtaek Campus attributed the high vacancy rate to "high rents and an oversupply of commercial space." / Seo Ji-young, Land and House Reporter, [email protected]
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