South Korea is a paradox in the world of commercial real estate.
The first quarter of 2017 has seen the global economy perform better than many anticipated.
The Korean residential market has historically been dominated by individual unit pre-sales. However changing demographics and the weight of capital chasing core real estate deals points to strong growth for institutional investment in the sector.
Songdo has established itself as one of the foremost examples of new city development globally.
Demand in the office market recorded a slight increase, and the transaction volume of prime buildings remained similar to that of the previous quarter.
Savills' South Korea: Asia Pacific Investment Quarterly
Persistent low interest rates, an increase in urban population and a flourishing economy brings a promising outlook for resi-sales.
A notable trend in our real estate market last year was a sharp increase in offshore investment activity. Local institutional investors and Asset Management Companies beefed up overseas investment teams and cross border activity jumped 68% y-o-y in 2015 to USD5.6 billion.
Savills World Research in Korea explores Seoul’s Retail sector for 1H 2016.
Savills World Research Korea investigates Seoul’s office sector for Q1 2016