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There's a store that's empty even in downtown Seoul.a cold wind-churning mall [Anchor Report]

2024.10.22 PM 07:01
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Did you know that Korea Land and Housing Corporation, LH, provides not only housing but also shopping malls?


Neighborhood living facilities in LH long-term rental housing complexes are provided for up to 10 years at a lower price than the surrounding market price.

LH has set a goal of supplying more than 300 units nationwide this year.

In particular, it is evaluated as having good price competitiveness by supplying half of the market price to young people or career-interrupted women and 80% of the market price to small business owners.

In addition, because it moves in the LH rental housing complex, there is a lot of demand behind the scenes as residents.

However, despite these advantages, the supply of hope shopping malls in the metropolitan area continues.

Recently, Taean, Bibong, Bucheon, and Siheung Janghyeon Hope Shopping Center in Hwaseong, Gyeonggi Province were also attracted to resupply.

Nationally, the contract rate of Hope Shopping Center has averaged only 27% over the past five years.

With the exception of Myeong-dong, the shopping mall vacancy rate is double-digit.

As the vacancy rate increases, the number of commercial sales on the auction market is also increasing.





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