"‘Double Subway Access at Ujangsan & Hwagok!’…69 Billion KRW Medical Building with Pharmacies and Clinics, Bought for ‘This’"
Investing in healthcare-related buildings offers unmatched stability even in worse markets.
Recently, a 6-story medical building in Hwagok-dong, Gangseo-gu, Seoul, featuring double subway access, was sold for 6.9 billion KRW. The key to success in this investment lies in stability.
‘Double Subway Access’ Power: Ujangsan Station + Hwagok Station
- Date of transaction: June 2019
- Sale price: 6.9 billion KRW (approx. 47.89 million KRW per 3.3㎡)
- Key points:
- Located between 5-line Ujangsan Station and Hwagok Station, attracting foot traffic from both
- Corner lot on a 6-lane main road, offering exceptional visibility
‘Pharmacies & Clinics’ – Reliable Tenants
The building’s tenant mix includes hospitals, pharmacies, and oriental clinics – healthcare businesses less sensitive to economic fluctuations. This ensures steady rental income with minimal vacancy risk.
Investing in ‘Stability’
This transaction exemplifies a sturdy real estate investment strategy.
“Rather than chasing flashy capital gains, invest in the ‘double subway access’ location and premium healthcare tenants that guarantee stable rental returns, even in uncertain times.”
Such strategies shine most brightly during volatile market conditions.
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