What happened, and who moved.
Experts gave mixed reviews of Korea's Aug. 13 housing supply package, praising faster public-land construction but doubting it can stabilize Seoul prices…
Seoul's Yeongdeungpo District won unanimous backing to restrict data centers in residential zones, aiming to revise city ordinances and the Building Act.
South Korea unveils the Aug. 13 housing plan to supply 100,000 homes, designating three new public housing districts in Seoul and Gyeonggi.
Korea's Land Ministry unveiled a plan to speed up housing supply, adding 27,000 homes near Seoul and cutting the site-to-construction timeline to 37…
Seoul apartment listings surged past 64,000 after the Aug. 3 tax reform, but triple curbs on sales, financing and leasing are freezing transactions.
Some 10,000 Seoul apartment leases expire this year as a tax overhaul pushes landlords to reclaim rented homes, deepening fears of a jeonse supply crunch.
About 10,000 'two-plus-two' jeonse leases expire in Seoul by year-end as landlords reclaim homes, squeezing rental supply and lifting deposits.
About 10,000 "2+2 year" leases in Seoul near expiry as a tax overhaul pushes landlords to move in, tightening jeonse supply and raising tenants' housing…
Korea's rival parties clashed over the government's property tax overhaul and Seoul's housing supply shortage in a National Assembly committee session.
Samsung SRA Asset Management has completed the sale of an office tower in Seoul’s Gangnam district to the Hyunsong Educational & Cultural Foundation for KRW 445 billion ($314 million), according to exclusive marketing agent Savills. The non-profit overcame a field... Read More>> The post Samsung SRA Sells Gangnam…
South Korea's ruling Democratic Party is moving to ease rules on private redevelopment to boost housing supply in Seoul, targeting construction-cost…
Korea's party and government weigh tax reform revisions amid public backlash, while Hana Bank halts variable-rate mortgages and Seoul Mayor Oh Se-hoon clashes over housing supply policy.
LH President Lee Sung-hoon pledged to speed up housing supply by shortening the compensation process and hiring temporary staff, while planning to turn LH's Seoul HQ into youth housing.
New LH President Lee Sung-hoon pledged to accelerate housing supply by shortening compensation procedures and recruiting temporary staff, and to convert LH's Seoul Gangnam headquarters site into youth housing.
Seoul's real estate registration filings for collective buildings fell 18.7% year-on-year to 79,220 in July, with Seocho-gu declining most and Gangbuk-gu and Dobong-gu rising.
Seoul's Gangnam-area greenbelt sites are stirring as the government reviews lifting development restrictions to expand housing supply, though land compensation and resident backlash remain key hurdles.
South Korean telecom operator LG Uplus is putting fresh capital behind a 200-megawatt artificial intelligence data centre, as the government announced an ambitious corporate coalition to scale up the country’s AI computing capacity. The board of LG Uplus on 29... Read More>> The post LG Expands AI Efforts with…
Owners of Seoul's ultra-high-end homes worth over 5 billion won see no reason to sell despite Korea's real estate tax reform, betting on holding out amid loan restrictions.
Apartment prices in Seoul's Nowon-gu and Seongbuk-gu surged over seven to ten times year-on-year as anxious buyers flooded in, exposing weak trust in government housing supply plans.
South Korea’s Igis Asset Management leads today’s real estate headlines from aroun Asia Pacific with a $612 million acquisition of Seoul’s Doosan Tower. Also in the news are Singapore’s ESR-REIT divesting an Ang Mo Kio industrial property for S$33.3 million... Read More>> The post Igis Completes $612M Buy of…
Firm doubles previously stated data center investment
Seoul apartment sales hit a yearly low of 5,065 in June as tax reform looms, with July land permit applications down 14.7% and housing affordability burden at a 3-year high.
A median-income Seoul household earning 5 million won a month must spend 46% of income on loan repayments to buy a home, as the housing affordability index hit a three-year high of 179.3.
Seoul's Housing Affordability Index hit 179.3 in Q1, the highest in over three years, meaning median-income households must spend about 46% of monthly income on home loan repayments.
Korea's government plans to develop key public sites in Seocho and Yeouido, plus vacant school lots, and revive urban complex projects to expand Seoul housing supply.
Korea's government plans to include the Seoul Regional Procurement Office, an LH Yeouido site, and closed school sites like Cheongdam High School in upcoming housing supply measures.
Korea's Land Minister Kim Yun-duk and Seoul Mayor Oh Se-hoon met to discuss housing supply expansion and easing redevelopment regulations, though no specific 10,000-unit Yongsan plan was agreed.
Korean real estate experts say the government's public-led "supply at all costs" push cannot solve the housing crunch alone, urging a four-pronged approach as Seoul apartment prices rise for 75 straight weeks.
Apartment price gains are cooling in Dongtan and Yeongtong but spreading to Bundang (0.58%) and Suji (0.50%) in southern Gyeonggi, per Korea Real Estate Board data for the third week of July.
70 Seoul redevelopment zones remain stalled despite receiving management and disposal plan approval, as construction cost disputes and low profitability slow groundbreaking across the city.
Seoul's ultra-high-end apartment market is rebounding as Apgujeong's Shin Hyundai 12 set a record at 11.25 billion won, though transactions have halved ahead of a tax overhaul.
Seoul's ultra-high-end apartment market is recovering, with Apgujeong's Shinhyundai 11 trading at 10.5 billion won, though transactions have halved ahead of Korea's upcoming tax reform.
Phoenix Property Investors completed an en-bloc sale of an office property in Seoul, Korea for approximately US$449.2 million.
Seoul will apply general FAR and building coverage standards to closed school sites developed into public, cultural, or sports facilities, easing rules and boosting housing supply capacity.
Shinsegae relaunched its Gangnam Factory Store after a renovation growing it from ~1,090 to ~1,388 sqm, and is expanding the format to 23 domestic locations.
Lotte Hotels & Resorts unveiled 'The Grand Lotte,' debuting at the renovated main building of Lotte Hotel Seoul, its first high-end brand launch since 2017.
Hyatt opened Hyatt Place Seoul Pangyo, the brand's first Seoul location, in the Pangyo tech hub.
Hyosung Heavy Industries and ST Telemedia Global Data Centres inaugurated STT Seoul 1, a 30MW Tier III-certified AI/cloud data centre in Geumcheon District.
Korea Investment Real Asset bought the 23-storey Seoul Square office tower, downtown Seoul's former Daewoo Group headquarters, for KRW1.28 trillion (EUR712m) from an affiliate of Sumitomo Mitsui Finance and Leasing.