South Korea
South Korea’s 2024 hotel transaction volumes to breach 2023 levels
Find out which key transactions will contribute to this year’s strong performance.
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.
Seoul Q1 industrial vacancy rate rises to 15.4% as new completions arise
The North recorded the biggest increase in vacancy from 0% to 12.2%.
Seoul high street retail rents inch up by 0.7% in Q1
Myeongdong saw the steepest increase of 1.5%.
Seoul Grade A office rents up 9.4% in Q1
CBD saw the highest rental growth of 4.3%.Â
Why new hotel development will be subdued in Seoul in the near term
There were no new hotel completions in Q1.
Seoul office transaction volume nearly doubles in Q1 2024
Transactions grew from KRW1.4 trillion to KRW2.51 trillion.
Seoul office vacancy rate set to climb in Q2
This is due to the completion of a major project in Q1.
Seoul prime office rents up 5% in Q1
The CBD area still commands the highest nominal rent.
Seoul prime office demand reaches nearly 60,000sqm in Q1
Three major districts recorded record absorption levels since Q4 2022.
Seoul office rents to rise by 4-5% this year
Vacancy will only start to increase from 2026.
Seoul office vacancy rates to remain low for the next two years
This is due to the absence of new supply in 2025.
Why Seoul’s office market is still performing better vs APAC neighbours
The city’s transaction volume declined at a slower rate compared to other markets.
Seoul prime office segment’s demand and vacancy dynamics revealed
Annual prime office supply averaged 190,000sqm over the past 10 years.
Seoul data centre capacity slated to triple in the coming years
The city currently has 515MW of capacity.
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Hong Kong Science and Technology Parks Corporation wins Real Estate Asia Award for energy technology initiative
![Hong Kong Science and Technology Parks Corporation wins Real Estate Asia Award for energy technology initiative]()
Co-Written / Partner
The company's innovative initiatives were recognised for creating a sustainable green tech ecosystem within its facilities.
The company's innovative initiatives were recognised for creating a sustainable green tech ecosystem within its facilities.
