Wall Street banks including BlackRock and Morgan Stanley are emerging as key winners of the AI boom, arranging tens of billions of dollars in data center financing and reshaping capital markets.
Published by Seoul Economic Daily (English). Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
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.
China's Z.ai has completed a 1GW data center built entirely with domestic chips, using over 10,000 semiconductors, the largest among Chinese AI firms, and begun partial operation.
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.
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.
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.
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