South Korea
Seoul new industrial completions hit 3-year low
Seoul new industrial completions hit 3-year low
Only four centres were completed in Q3 2024.Seoul’s challenging project financing market remained prominent. According to a JLL report, in Q3 2024, only four centres were completed, which was fewer than initially speculated. In terms of area, this represented the lowest level in nine quarters, and in terms of number, the fewest in three years.
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Seoul to see over 4,000 new luxury hotel rooms by 2030
The Mercure Hotel and Pullman Gwangjin are some notable projects.
E-commerce firms in Seoul to move to cheaper regions till H1 2025
They are going after lower rents to achieve financial stability.
Seoul office transaction volume grows 1.6x in Q3
The total transaction value for the first nine months of the year is already 81% of 2023 totals.
Seoul prime office rents up 4.4% in Q3
The rental growth slowed across all major districts.
Seoul prime office vacancy rises to 3.4% in Q3
Net absorption was at -14,200sqm during the quarter.
Seoul new prime logistics supply to remain moderated from 2025
More construction permits expire as developers struggle to secure financing.
Which institutional hotel brands will enter Seoul in the near-term?
Mercure Hotel Ambassador Seoul Magok is expected to set foot in 2025.
Which subsector in Seoul saw the highest retail rental growth in Q2?
Shopping mall rents grew by 1.1% during the quarter.
Seoul office rents rise by 7.1% in Q2
Rent grew for all submarkets.
Seoul office transaction volumes slump to 10-year low in Q2
Investments totalled KRW630.3 billion during the quarter, the lowest since Q3 2014.
Seoul prime office face rents rise by 5.7% in Q2
The Gangnam Business District recorded the highest rental growth.
Seoul prime office net absorption hits 69,000sqm in Q2
The vacancy rate decreased to 3.2%.
South Korea’s 2024 hotel transaction volumes to breach 2023 levels
Find out which key transactions will contribute to this year’s strong performance.
How have South Korea’s hotel transaction dynamics changed over the last decade?
There’s a distinct trend when comparing pre and post pandemic dynamics.
More luxury hotels set to open in South Korea in the near term
Rosewood Seoul is expected to add 250 hotel rooms.
These are the notable hotel investment transactions in South Korea recently
The hotel transaction volume as of May 2024 is estimated at KRW918.5 billion.
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