South Korea
Seoul retail rents continue to rise in Q3
Rents in Myeongdong saw the largest growth of 1.8%.
6 days ago
Seoul retail rents continue to rise in Q3
Rents in Myeongdong saw the largest growth of 1.8%.
6 days ago
Seoul’s new hotel supply pipeline remains muted
There were only 1,058 rooms completed in the first nine months of 2023.
Seoul’s Grade A office leasing market remains healthy despite negative absorption
Demand in Gangnam reached record highs since Q1 2022.
Seoul’s Q3 industrial net absorption reaches record highs
Net absorption was at 77% of the total figures recorded in 2022.
South Korean property investment markets to remain subdued till year-end
Investors are still highly selective.
Seoul adds over 1,000 new hotel rooms in H1
This includes a luxury project with more than 600 rooms.
Seoul shopping mall rents inch up 0.8% in Q2
High street rents also slightly increased by 0.6%.
Seoul industrial vacancy rate rises for the sixth consecutive quarter
Vacancy stood at 16.0% in Q2.
Seoul’s Grade A office vacancy rises for the first time since 2021
The vacancy rate grew by 94 bps to 2.0% in Q2.
Seoul’s hotel supply pipeline concentrated in provincial markets
Around 3,000 new hotel keys are expected to be added this year.
Seoul industrial vacancy rate hits 5-year high of 12.6% in Q1
This is the highest vacancy rate since 2018.
Seoul’s Grade A office vacancy now at an all-time low of 1.1%
The vacancy rate has been steadily decreasing since 2021.
Why Seoul’s office transaction volumes crashed in Q1
The city’s KRW989.5b transaction in Q1 is a mere 26% of the volumes recorded the previous year.
Seoul prime office rents record highest increase since 2008
Face rents grew 8.1% in the first quarter of 2023.
Here’s what to expect from Seoul’s office property sector this year
Find out which projects are slated for completion.
Net absorption in Seoul CBD’s office sector falls for the first time since 2021
It stood at -2,700sqm in Q1 2023.
Seoul office net absorption still on a positive streak for 11 consecutive quarters
The city’s Q4 net absorption was at 14,800 pyeong.
Most Read
1. Tokyo overall industrial vacancy rate rises for the first time in two quarters 2. Singapore new private home sales more than tripled in November 3. Hanoi to see 90,600sqm of new retail supply by year-end 4. Two new malls slated to be completed in Kuala Lumpur by year-end 5. Seoul retail rents continue to rise in Q3Resource Center
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Real Estate Asia Awards 2024 opens nominations for exceptional projects, developments
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Co-Written / Partner
Shine a spotlight on your groundbreaking projects and initiatives that redefine excellence in Asian real estate.
Shine a spotlight on your groundbreaking projects and initiatives that redefine excellence in Asian real estate.
