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Title'50 billion' Golf practice range, up for sale (Sales advisory: Remax Prime One)2024-08-27 09:18
Writer Level 10

Golf practice range '50 billion won' up for salePlanning Management Area/Growth Management Area, Sales Advisory Remax Prime One

Reporter Jeon Ki-ryongPublished 2024-08-27 07:56:57
This article was last updated on August 26, 2024 at 07:22 thebell This is an article that appeared in . 
A large golf practice range located in Ilsanseo-gu, Goyang-si, Gyeonggi-do, is up for sale. It is an asset that can secure the demand for the back-up areas of Unjeong New Town, Ilsan New Town, and Deokji District. Considerable demand is expected in that it is a planned management area and a growth management area in terms of zoning, allowing for new construction for various purposes.

According to the relevant industry on the 26th, 'Plaza Golf Club' located in 1038 Deoki-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do is looking for a buyer. The asking price has been set at 50 billion won. The sales advisory company, RE/MAX Prime One, is handling the transaction through an exclusive contract.

Plaza Golf Club has a land area of 16,798㎡, a total floor area of 3,022㎡, and is 3 stories above ground and 1 story underground. It was approved for use in January 1995. The building coverage ratio and floor area ratio are 7.2% and 16.7%, respectively. It is largely composed of an outdoor golf practice range, a short game range, and a building. The building has a lobby, a putting practice range, and a screen practice range.

Since it is a planned management area in terms of use, various uses are possible. In the case of a planned management district, it is possible to increase the building-to-land ratio and floor area ratio by up to 40% and 100%, respectively, according to the ordinance. In addition, considering the incentives applied to the growth management area, it is possible to build up to a building-to-land ratio of 50% and a floor area ratio of 125% by simple calculation.

The demand in the back is also considerable. The total population of Goyang City, where Plaza Golf Club is located, is 1,071,339. If the area is expanded to include Paju Unjeong New Town, an additional demand of about 650,000 people can be secured. It is also evaluated as having a considerable residential and influx population, as it is only 35km away from Mapo-gu, Seoul and Yeouido.

Development windfalls are also expected to have high demand. Despite the noise, the 'Goyang Tourism and Culture Complex (K-Culture Valley)' project, led by Gyeonggi Province, is still being promoted continuously. Recently, the Gyeonggi Provincial Council announced legislation for the 'K-Culture Valley Creation and Activation Support Ordinance' to ensure smooth progress of related projects.

If the 'Ilsan Techno Valley', 'Broadcasting and Video Valley', and 'Janghang Industrial Housing District' are fully developed, an industrial belt will be formed. In addition, it is expected that many corporations will settle in, as the GTX-A Line of the Seoul Metropolitan Area Express Railway is scheduled to be fully opened in the future and the Deok-i Station is scheduled to be newly built near Jasan.

A market official said, "This is an asset that can be expanded for various purposes in the future as it is included in the planned management area or growth management area," and "high demand is expected in terms of development benefits as well." He added, "Thanks to public transportation such as the GTX-A line, the entry of corporate companies is also expected to increase."

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