[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 Residential 1H 2017
24 April 2017
Korea’s population, is 51 million, with 50% living in the Seoul metropolitan area (Seoul, Incheon, and Gyeonggi province ). Due to Korea’s low birth rate, low marriage rate and aging society, the average household size was 2.5 in 2016, shrinking from the 3.7 average in 1990. The proportion of households of only one or two people is 53%, and 40% for households of three or four. As the demographic characteristics have changed, perception and requirements for housing have changed accordingly.
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