South Korea
Real Estate News

South Korea's New President to Have Impact on Property Industry

South Korea's New President to Have Impact on Property Industry

This week the South Korean National Election Commission announced that Democratic Party candidate Moon Jae-in had been elected as the new President. Read More »


Global Retail Construction Rises, China and Mexico Lead the Way

Global Retail Construction Rises, China and Mexico Lead the Way

Developers completed more retail centers across the globe last year than in 2015, but momentum appeared to wane in many countries. Read More »

Miami's Lincoln Road Remains Among Top Global Retail Streets

Miami's Lincoln Road Remains Among Top Global Retail Streets

According to Cushman & Wakefield's latest Main Streets Across the World report, Miami's Lincoln Road remained the fourth most expensive retail street in the Americas with average rents of $325 per square foot per year. Read More »

Prime Asia Development Land Index Posts Mixed Results in 2016

Prime Asia Development Land Index Posts Mixed Results in 2016

A newly launched index that derives the price of prime residential and commercial development land in 13 major cities across Asia, saw mixed results in the first half of 2016. Read More »


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Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated May 12, 2017 9:00 AM ET

South Korea Property News

Chinese investors dominated Asian outbound investment in the first half of 2016, accounting for 60%, or $16.1 billion, of total investment.

According to the latest Skyscraper Index from Knight Frank, office rents in London's skyscrapers are rising faster than those in any other global city.

Innovation, liveability and the capacity to reinvent characterize the most dynamic cities in their third annual City Momentum Index (CMI).

Global accountancy network BDO predict 2016 will be a year of uncertainty for the Asian Real Estate market.

This week the Federal Open Market Committee (FOMC) raised U.S. interest rates for the first time since 2006. The 25-basis-point (bps) increase to the target federal funds rate was widely anticipated.

Cross-border property investment in Asia accounted for 36% of total turnover year-to-date - rising 36% quarter-on-quarter to $10.6 billion - marking this the highest total recorded since 2008.

Organizations all across Asia are now under pressure to drive down costs by increasing their workplace 'static density'--the space per sq. ft. per workstation.

A number of new and emerging business districts have begun to see stronger office leasing demand.

According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.

According to CBRE, investment in Asia's property sector turnover grew 12% quarter-on-quarter in Q2 2015 to US$21 billion, despite a 21% year-on-year decline in investment turnover against a strong 2014.

Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion.

The Bank of Korea (BoK) last week lowered base interest rates by a further 25 basis points to a historically low level of 1.50%, the fourth rate reduction since August 2014.

Overall commercial real estate investment continued apace in the second half of 2014, with volumes (excluding land sales) hitting US$72 billion.

Global shopping center development continues to grow with a total of 11.4 million sq. m. of new shopping center space opening in 2014.

CBRE reports this week that global shopping center development continues to grow with a total of 11.4 million square meters (122.7 million square feet) of new shopping center space opened in 2014,

Asian intentions to invest in commercial property assets will remain strong this year with Tokyo being the most active market in 2015.

International investment in commercial real estate is dominated by Asian interests in both Canada and the U.S.

Despite a slowing Asian economy, commercial property investing in the region is expected to remain strong in 2015 as appetite for prime core assets rises.


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