[Herald Interview] ‘Investors will turn to logistics property for higher profits in 2017’
25 December 2016
The office market in Seoul saw a boom this year with foreign investment behemoths buying up two landmark office buildings in Seoul -- the International Financial Center in Yeouido and Capital Tower in Gangnam.
But in 2017, expected interest rate hikes and more fierce competition will drive foreign investors to look for riskier, but possibly more profitable, real estate assets such as logistics centers rather than offices, the head of Savills Korea said.
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Seoul Office Briefing Q4 2017
31 January 2018
Based on strong exports and a satisfactory economic performance, the BOK raised the base rate for the first time in more than six years. The cap rate spread compressed slightly, but remains above 200 basis points (bps).
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