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.
Published by Seoul Economic Daily (English). Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Gwangju's Champions City, a large complex development on a former textile mill site, gains momentum as an 800 trillion won semiconductor cluster plan boosts the local property market ahead of September apartment sales.
Presidential Policy Chief Kim Yong-beom outlined differentiated taxation on ultra-luxury homes, a possible capital gains tax adjustment to spur sales, and rejected redevelopment as a "master key" for housing supply.
Xi S&D CEO Koo Bon-sam vows defect-free construction as its premium, targeting 2 trillion won in orders and expanding into senior housing and AI data centers.
Samsung SDS targets 6.6 trillion won in annual data center revenue by 2031, expanding AI data centers in Haenam and Gumi and growing its DBO design-build-operate business to over 500 MW.
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.
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