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2.  In South Korea, a officetel (Korean:, a portmanteau of"hotel" and"construction") is a multi-use structure with residential and non-residential units. It is normally an apartment building. An officetel normally consists of two floors: the ground floor and one upper floor. The building is classified into different levels. The lowest level has the common features and insides of an apartment. The higher floors have various facilities including elevators, shops, conference rooms, game rooms and much more.
3.  An officetel typically has several floors, but one or two may be detached and used as a studio flat. A typical structure has three-story apartments on each level. Other types of office buildings, which also consist of flats, are sometimes classified as officetel. These include the offices of major corporations such as Kookai (a South Korean construction and outsourcing firm) and the Samsung Group.
4.  There are lots of reasons why people opt for Korean-style officetel. One of them is to enjoy the best of living in their home country while still preserving their own cultural identity. Another reason is to build a Seoul home right in one of the most vibrant cities in the world. The third and most popular reason is to construct a property which allows it to make a high return.
5.  The market statistics on South Korea's property are impressive. In the first five decades of this century, the number of apartments for rent is growing at a fast pace, as more people choose the benefits of living in a metropolitan area. With its abundance of well-connected points of interest, and its reputation for fostering company, Seoul is quickly becoming an economic hub. As a result of the influx of people into the metropolitan region, there's a continuous demand for housing in Seoul. https://gamsungop.com/gwangyang/ Many home owners and apartment complexes are now starting to cater to the needs of tenants by offering tenant flats and serviced apartments. In case you have your own Seoul home, you can provide a Seoul apartment to a prospective tenant, and in return, you can enjoy a wonderful profit.
6.  Exactly as with any other kind of real estate investment, investing in Seoul apartments requires you to know the ideal type of people to invest with. The target market includes salaried workers, those entering the job market, as well as retirees that are looking for somewhere to stay when they move to a retirement home. You may also choose to invest in apartments which are in close proximity to attractions such as sports complexes, restaurants, or other forms of entertainment. In Seoul, there is always something to entertain the renters as they look around their Seoul apartment.
7.  Aside from offering tenant flats and serviced apartments, you will find other investment options that you can explore if you would like to take advantage of the expanding property market in Seoul. One of those options is buying a piece of property at a central site. Some officetel complexes have their own golf courses and shopping malls. You can buy an apartment building that's centrally located so you won't have to worry about commute times. If you would rather get a piece of property that's not in a central location, you may consider picking a property that's not near any substantial residential or commercial development. Some Seoul property owners prefer to own property in areas where there are no major highways and buildings with tall, multi-storied buildings looming overhead.
8.  If you prefer to purchase apartments and condos in Seoul that are not in high-rise buildings, you'll find many Seoul properties that aren't in developed areas but are still strategically located around important districts in Seoul. If you are looking for a luxury apartment building or serviced apartment to rent, you need to keep your eyes peeled for property developments that are being proposed for the future such as the Samsung Plaza in the Central Business District or the Suwon Floor at Central Seoul. These complexes will be extremely expensive but will offer you everything that you need including excellent amenities like swimming pools, spa, elevators and more.
9.  If you're on a tight budget and just have a little spare cash, you need to be able to find a fantastic deal on a fantastic quality serviced apartment in Gyeongbok-do. These flats are serviced by the famed Suwon Floor in central Seoul. The apartments include well-furnished rooms with private bathrooms and have various amenities such as TV, internet access and other facilities that a resident could find useful. The lease for an apartment in Gyeongbok-do is generally quite affordable and is comparable to what you would pay for an apartment in New York City or London. If you're on a limited budget and are still interested in exploring other places around the world, you need to consider renting an apartment in Gyeongbok-do.
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