Consumers' needs for larger houses have been combined with deregulation of the housing markets by the government to give birth to a new type of housing spaces called 'mixed-use building complex' in the downtown areas. In addition, because such commerc...
Consumers' needs for larger houses have been combined with deregulation of the housing markets by the government to give birth to a new type of housing spaces called 'mixed-use building complex' in the downtown areas. In addition, because such commercial/ residential buildings are absolutely expensive, their constructors concentrate their marketing efforts on the high-income bracket of our society, while attempting to differentiate the spaces to meet their tastes. Nevertheless, the constructors or developers seem to focus only on the physical environment, neglecting the styles and tendencies of their target customers. With such a conception in mind, this study was aimed at reviewing the high-end marketing strategies for mixed-use building complexes.The purpose of this study was to review the process of the high-end marketing efforts for the mixed-used building complexes which began to be spotlighted as residents for the rich people, and thereupon, examine constructors' new management strategies in response to the changing housing commodity trend.A 'mixed-use building complex' involves a narrower concept of 'development of complex uses', while 'high-end marketing' refers to the marketing targeted at the upper class of our society. This study theoretically reviewed what marketing strategies would be used for the high-end marketing, a kind of de-marketing by stage (project analysis, advertisement, PR, etc.,) in terms of market segmentation, target marketing, positioning and marketing mix or 4 P's (price, product, place and promotion).The characteristics of the mixed-use building complex or the subject of this study can be summed up as follows;First, it provides access to diverse amenities including business, residence and other facilities. Second, since it is absolutely expensive, it provides for decent services that much. Third, it ensures privacy or anonymity as differentiated residence.The attributes of high-end marketing may be summed up as follows'First of all, it's a targeting toward high-grade market, and it's a systematic maintenance of customer relationship management as well. Finally, it's a management to put the emphasis on the upper class.Since mixed-use buildings were rapidly come into the spotlight in a real estate market, they had a few problems. Accordingly, this study tried to derive conclusions from high-end marketing cases as follows;The first characteristic is a targeting at a high-end product market. The second is a systematic management and maintenance of customer information, targeted at the high-income bracket. The third characteristic is a brand image management for a limited sales to the upper class.As a result of addressing the conventional marketing problems for the new marketing paradigm or the new real estate market for the mixed-used building complexes to find their solutions, the following high-end marketing strategies for the mixed-use building complexes could be drawn;First, it is essential to determine the scope of the potential buyers for the mixed-use building complexes through market segmentation. Second, it is necessary to set the target market precisely to position the mixed-use building complex commodities in the market. Third, for an effective positioning, it is desirable to survey the potential customers in view of their satisfaction with residence and investment to determine how they feel and assess the new real estate commodities, and thereupon, decide on their positioning. Fourth, it is essential to develop some product strategies meeting potential customers' needs with more decent finishing materials, diversified plans and high-end interior. Fifth, it is also necessary to use a differential pricing system depending on size, floor or view. Sixth, it is required to focus the marketing efforts on promising customers through an effective customer relationship management, and at the same time, use a prior reservation system to show them the model house to increase the earlier sales rate. Seventh, it is essential to construct a brand image befitting the commodity concept at the earlier stage of the project and intensify it phasedly and continue to promote it through differentiated and diverse media.The potential customers of the highest-end mixed-use building complexes no longer respond to the product or price strategies used by the conventional ordinary apartment housing developers. The highest-end customers wish to be differentiated from others by means of the symbol harbored by the multi-use building complex; here, the symbol hints location of the building, its spatial differentiation, comfort, anonymity and other social influences.Accordingly, in order to meet the potential customers' highest needs and investment satisfaction, it is deemed required of the mixed-use building complex to survey their consumer tendency and psychology and thereupon, design effective marketing management strategies.