PROPERTY BRIEF · BANDALSEOM1-RO 4, ANSAN
A 27-story, 117.6-meter waterfront tower combining 456 residential officetels, 10 street-front retail units and dedicated above-ground parking at Sihwa Lake Bandalseom.
24 units per floor · Individually titled freehold suites
Direct street frontage on Bandalseom1-ro 4
Up to 34% lower common fee via Goldnus (michelan.kr)
Schedule a private walkthrough of available officetel and retail units at Bandalseom1-ro 4, or inspect live management bills online at michelan.kr.
COLLECTIVE BUILDING REGISTER SPECIFICATIONS
Registered as a new reinforced-concrete tower on 12 August 2024, Woongshin Michelan Morning (Building A) spans 29,991.5192 m² of gross floor area across B1 to 27F (building coverage ratio 69.87%, floor area ratio 798.17%).
Unlike conventional mixed-use towers where high maintenance charges erode rental returns, Woongshin Michelan Morning is managed by Goldnus Co., Ltd. (goldnus.com) with full monthly ledger disclosure at michelan.kr/overview.
FLOORS 9–27 · 456 RESIDENTIAL SUITES
Standard officetel units (~32 m² exclusive area) carry a monthly common management fee of KRW 125,913—20% below comparable units at nearby Complex M (approx. KRW 158,000/mo), saving tenants and owners roughly KRW 380,000 per year.
FLOOR 1 · 10 COMMERCIAL UNITS
Ground-floor commercial shops (~51 m² exclusive area) pay KRW 230,769/month in common fees compared with approx. KRW 306,000/month at nearby Complex M—saving approx. KRW 900,000 annually while serving 456 upstairs households.
QUESTIONS WE ANSWER
How do the 9F–27F residential officetel units and 1F street-front retail bays compare for yield and occupancy?
How does the 2F–4F above-ground parking deck support both resident convenience and commercial visitors?
Why does Woongshin Michelan Morning achieve 20%–34% lower common management fees than neighboring Bandalseom towers?
How can buyers and tenants verify monthly 47-item billing statements online at michelan.kr?
FULL BENCHMARK REPORT