The South Korean commercial real estate market saw its transaction value during the first three quarters of 2023 reach 10.9 trillion won ($8.4 billion), dropping 49.3 percent, according to The Korea Economic Daily.
The commercial real estate market in Korea had more volatility this year compared with other Asian markets such as Japan and Singapore.
Transactions in the office sector amounted to 5.9 trillion won ($4.5 billion) during the three quarters, plunging 48.6 percent.
