South Korea Real Estate Report 2016 - Business Monitor International - Industry Reports

South Korea Real Estate Report 2016

South Korea Real Estate Report 2016 - Business Monitor International - Industry Reports
South Korea Real Estate Report 2016
Published Aug 27, 2016
64 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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BMI View: South Korea s commercial real estate sector should remain stable in ----, benefiting from a positive economic outlook. Demand for space is expected to be underpinned by expansion in the services sector, higher purchasing power and accelerating growth in online shopping. ...On average, growth over the next five years is expected to be around -.- per annum in real terms. The positive growth anticipated over the medium term is likely to support the commercial real estate market as a whole, although the risks to the outlook for both the economy and the property market are on the downside due to the slowdown in the Chinese economy, which is South Korea s largest trading partner The capital, Seoul, has a strong commercial real estate market across the board, with significantly higher costs than the other cities that we cover. Seoul s office real estate in particular is expensive, as a result of the large stock of premium-quality space in this regional business hub. ...Tourism and internet retailing are both key drivers in the retail market. The appetite for high-fashion brands remains high and, with consumer

...� Business Monitor International Ltd Page - spending and incomes both increasing, we can expect retailer demand to hold up well in the medium term. A number of projects are in the development pipeline, which should see the retail offer increase over the next two years. The current development pipeline suggests a total ---,---sq m of space between ---- and ----. We see key opportunities for industrial real estate investors in providing space to serve the country s thriving retail sector, and also in the provision of high-quality warehousing and logistics space for the high- tech industry and exporters. Asset managers desire to acquire logistics assets has continued so far this year. ...Premium assets in core markets should continue to draw investor attention, while recent trends also indicate an increase in interest in value- add and core-plus assets. Furthermore, the existence of real estate investment trusts in the country provides a way for investors to enter the commercial real estate market at relatively little cost.

...� Business Monitor International Ltd Page - South Korea Real Estate SWOT - Continued Government efforts to boost the creative economy and start-ups could create demand for small-scale office space. Decentralisation in the office market in Seoul is creating new, vibrant emerging sub- markets. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "South Korea Real Estate Report 2016" Aug 27, 2016. Alacra Store. Apr 19, 2018. <>
Business Monitor International - Industry Reports. (2016). South Korea Real Estate Report 2016 Aug 27, 2016. New York, NY: Alacra Store. Retrieved Apr 19, 2018 from <>
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