South Korea’s property market is more consumer-based
MARCH 1, 2022

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South Korea’s property market is more consumer-based

by Jaryoung Choi

South Korean real estate asset sales prices have increased due to high liquidity and demand, despite the COVID-19 pandemic. In 2021, national commercial real estate trading volume was KRW 21.5 trillion ($18.0 billion), an increase of approximately 75 percent (CAGR 12 percent) over the KRW 12.4 trillion ($10.3 billion) seen in 2016.

South Korea’s investment market tends to change rapidly, as it is nimble in adapting to trends. Now, the emphasis on “location” and “investment-grade” is changing, given consumer and industry needs.

This is particularly apparent in the nation’s office sector, where changes in local culture and corporate-oriented investment methods are transforming the market.

Local growth based on new brands and culture

Increases in the industrial growth rate and number of workers in South Korea clearly shows they are mainly driven by the growth of information- and communications-related industries and

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