South Korea Real Estate Report 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Sep 28 2015


South Korea possesses a well developed commercial real estate sector that is supported by a robust financial sector as well as an increasingly affluent population. The country's economy, however, has experienced a sluggish recovery and this is temporarily holding back the overall potential of the sector. While we do not expect to see any real changes to rental rates across all the office, retail and industrial sectors during 2015 and 2016, the South Korean commercial real estate sector does have considerable potential in the long term.

Seoul's reputation as a regional financial hub is helping ensure strong demand for office space. Existing companies are generating much of the new demand through their expansion plans. The recent sale of the Korea Electric Power Corporation's (KEPCO) Gangnam headquarters to Hyundai Group will lead to new supply of office space in one of the city's most sought after business areas.

Full Report Details at
- http://www.fastmr.com/prod/1052954_south_korea_real_estate.aspx?afid=301

The retail sub-sector possesses the potential to become a long-term out-performer. The country's affluent population possesses growing consumer confidence despite sluggish economic improvements and this will support demand for retail space, especially beyond Seoul's competitive high streets. Growing tourist numbers will further help prop up demand for retail space. We believe that, despite the current fluctuations in rental and vacancy rates, the long-term outlook for South Korea retail real estate is one of solid growth.

Global economic headwinds are playing a major role in dampening the prospects of the country's manufacturing sector and industrial output. Uncertainties within the industrial real estate segment will therefore persist throughout the coming year or two. Nonetheless, South Korea's highly skilled labour force as well as government initiatives are helping move the sector towards highly innovative, value-added industries. As such, the long-term potential for the industrial sector and its real estate appears promising.

The South Korea Real Estate Report features BMI Research's market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's South Korea Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in South Korea.

Key Benefits

* Benchmark BMI's independent real estate industry forecasts for South Korea

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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