New Medical Clinics Booming

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New Medical Clinics Booming

Recently, a new trend has emerged in the Korean real estate market. Small buildings are being converted into medical clinics, with each floor offering various services.

One such clinic is located inside Kangdong Building (4 stories). There is a medical drugstore on the first floor, a radiology and child clinic on the second floor, a urology, dental, and internal disease clinic on the third floor and an obstetrics, gynecology, ear, nose and throat and oriental medicine clinic on the fourth floor. The building opened on April 13 and became a specialized medical center.

Park Bong-woo, the owner of the Yonsei real estate agency, handled the lease agreements for Kangdong building. "I persuaded the owner of the building to market it as a theme building, saying it would be attract more attention. We started gathering leaseholders in August of 1999 and finished after only 3 months."

The owner of Jun-oh building, located in the same area as Kangdong, is looking for a drugstore to move in on the first floor. A pain-relieving clinic, children's clinic, oriental medicine clinic and dental clinic are already leased on the third and fourth floor.

Real estate agents predict that building and leasing clinic buildings in commercial areas like Yongin, Yangju, Namyangju, and Uijongbu will attract a great deal of money in the future.

by Kim Nam-joong

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