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Commercial Office Building Transaction Value Plunges 44.6% in May
Commercial Office Building: Concentration in Seoul–Gyeonggi Deepens; Only 2 High-Value Deals Nationwide Drop in Volume and Value: Commercial Office Building In May, nationwide commercial-office building transactions totaled 1,137 deals, down 16.0% from April’s 1,353, while transaction value plunged 44.6%, from ₩3.7277 trillion to ₩2.0641 trillion. Compared to last May, volume fell 10.3% and value 15.2%,…
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SparkPlus OfficeB Achieves 100% Occupancy
All Three Gangnam Locations Fully Leased: SparkPlus OfficeB Turnkey, Ready-to-Move-In Offices: SparkPlus OfficeB SparkPlus OfficeB offers standalone, fully furnished floors—combining interior fit-out, office furniture, and OA equipment—so tenants can move in and start operations immediately without any setup hassle. Targeting SMEs with fewer than 50 employees, it has gained traction for its rapid availability and…
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May Commercial & Office Building Transactions Plummet 44%
Concentration in Seoul & Gyeonggi…High-End Buildings Clustered Nationwide Volume & Value Dive According to real estate big-data firm RealPlanet, May 2025 saw just 1,137 commercial & office building trades nationwide—a 16.0% drop from April. Total transaction value plunged 44.6%, from KRW 3.73 trillion to KRW 2.06 trillion. Among Korea’s 17 provinces, 12 saw declines in…
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Cafe Boom and Bust: The Flip Side of Korea’s Coffee Market
Experimenting with Sustainable Spaces: Maha Hannam, Cafe Boom and Bust Cafe Oversupply and Rising Closure Rates Cafe Boom and Bust: In 2024, 10,720 cafes opened nationwide, while 12,246 closed—more closures than openings. From sprawling weekend hotspots to study cafés (“cafègongjok”), diverse outlets thrive, yet many shutter quickly. Architect Kim Dong-hyun attributes this to spaces being…
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Price Surge Spreads Beyond Gangnam
Price Surge Spreads: Panic Buying & Pre-DSR Phase 3 Price Surge Spreads Beyond Gangnam: Price Surge Spreads Price Surge Spreads: Seoul’s property price boom has spread beyond the “Gangnam 3” to areas like Mapo and Seongdong along the Han River belt and satellite cities such as Gwacheon and Bundang. After calming briefly under land transaction…
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Seoul Apartment Prices Climb 20 Weeks Straight
Surge Explained & Solutions? Four Expert Insights Seoul Housing Price Surge: Seoul Apartment Prices Climb Seoul Apartment Prices Climb: According to the live broadcast, Seoul apartment sales prices rose for the 20th consecutive week, jumping 0.36% week-on-week—the largest gain in 6 years and 9 months. Asking prices for new apartments in Seocho, Gangnam, Songpa, Yongsan,…
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Auction Era Fades”: The Rise of the Urgent Sale Boom
Choosing Speed and Certainty: Why Urgent Sales Dominate: Auction Era Fades Auction Market Slump and Urgent Sale Rise: Auction Era Fades Auction Era Fades: The once-vibrant court auction market—once dubbed an “investor’s holy land”—has seen bid success rates plummet to the 30% range, with few properties drawing the 10-to-1 competition of the past. Conversely, real-estate…
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DGE Free Economic Zone Authority Holds Inaugural Architectural Design Awards
Six Outstanding Designs Honored and Exhibited for Local Architectural Culture: DGE Free Economic Zone Ceremony Overview: DGE Free Economic Zone DGE Free Economic Zone: On October 30, 2020, the Daegu-Gyeongbuk Free Economic Zone Authority held its first. Architectural Design Awards ceremony in the DTC Tower’s 6th‐floor conference room. But director Choi Sam‐ryong personally presented certificates…
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Korean High-Net-Worth Investors’ Rush into U.S. Real Estate
Diversifying into Dollar Assets amid Won Weakness and Low Growth: Korean High-Net-Worth Background of Increased Investment: Korean High-Net-Worth Korean High-Net-Worth: The motives behind Korean investors turning to U.S. real estate are multifaceted. First, Korea’s prolonged low-growth environment necessitates diversification of asset growth channels. Second, persistent weakness in the won has elevated dollar-denominated assets as a…
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Strong Measures Ahead”: Tackling the Overheated Housing Market
From Zone Expansion to Supply Increase: New Government’s Real Estate Strategy: Strong Measures Expanding Regulatory Zones: Strong Measures Strong Measures: The new administration is expected to expand regulatory zones, including Adjustment Areas, Speculative Overheated Zones, and Land Transaction Permission Zones. Notably, expanding “land-permit zones” to block gap investments is highly likely. Districts such as Mapo…