real estate Archives | Be Korea-savvy
Individuals’ Property Investment Decisions Influenced More by Bandwagon Effect than Personal Risk-taking Propensity: Study

Individuals’ Property Investment Decisions Influenced More by Bandwagon Effect than Personal Risk-taking Propensity: Study

SEOUL, March 1 (Korea Bizwire) — Individuals’ property investment decisions are influenced more by their desire to jump on the bandwagon than their personal risk-taking propensity, a study showed Monday. The Institute for Social Development and Policy Research at Seoul National University conducted a survey of 1,200 Seoul citizens and evaluated their responses using a [...]

Madison Realty Capital Completes Record 2021 with $6.4 Billion in Transaction Volume Across 72 Deals and Raises Largest Debt Fund Ever at $2.08 Billion

Madison Realty Capital Completes Record 2021 with $6.4 Billion in Transaction Volume Across 72 Deals and Raises Largest Debt Fund Ever at $2.08 Billion

New York, Jan. 20 (Korea Bizwire) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced the completion of one of the most active years in the firm’s 17-year history.  2021’s notable highlights include: Closing a record $6.4 billion in total deal volume in [...]

Busan Opens Real Estate Funds to Retail Investors Using Blockchain Technology

Busan Opens Real Estate Funds to Retail Investors Using Blockchain Technology

BUSAN, Dec. 16 (Korea Bizwire) — The city of Busan is turning to blockchain technology to open a new era for retail investors looking to make small purchases of real estate funds. The Busan Blockchain Real-estate Investment Currency (BBRIC), a demonstration project for the Busan metropolitan city government’s blockchain regulation-free special zone, was launched on [...]

Gov’t to Promote Wider Access to Real Estate Big Data to Nurture ‘Proptech’ Industry

Gov’t to Promote Wider Access to Real Estate Big Data to Nurture ‘Proptech’ Industry

SEOUL, Dec. 1 (Korea Bizwire) — The government said Tuesday it will promote wider access to real estate-related public data as a way to cultivate the real estate service industry, including “proptech (property technology).” As the first step in this move, the government decided to expand access to the real-estate public data that is a [...]

Lack of Regulations for Foreigners’ Real Estate Transactions Triggers Controversy over Reverse Discrimination

Lack of Regulations for Foreigners’ Real Estate Transactions Triggers Controversy over Reverse Discrimination

SEOUL, Nov. 4 (Korea Bizwire) — While South Koreans’ real estate transactions remain frozen due to the government’s strong regulations, such transactions by foreigners hit an all-time high, triggering controversy over reverse discrimination. According to the data from the Korea Real Estate Board, foreigners’ transactions in South Korean land and properties in the January to [...]

Online Real Estate Brokerage Market Expands at a Healthy Pace

Online Real Estate Brokerage Market Expands at a Healthy Pace

SEOUL, Nov. 3 (Korea Bizwire) – Online-based real estate startups are bulking up rapidly, bringing about a new trend in the South Korean real estate market. Dawin Property, a real estate brokerage firm, recently attracted an investment of 3 billion won (US$2.54 million) from SoftBank Ventures Asia Corp. and Fast Ventures, according to industry sources. [...]

Property Rental Firms Shine Over Past 5 yrs on Market Boom

Property Rental Firms Shine Over Past 5 yrs on Market Boom

SEJONG, Oct. 8 (Korea Bizwire) — Real estate rental businesses in South Korea have been on a roll over the past five years amid a booming property market, data showed Friday. Property leasing companies in Asia’s fourth-largest economy registered 453.3 trillion won (US$381 billion) in combined revenue between 2016-20, according to the data that the [...]

National Assembly Steps Up to Restrict Foreigners from Buying Real Estate

National Assembly Steps Up to Restrict Foreigners from Buying Real Estate

SEOUL, July 28 (Korea Bizwire) — South Korean politicians are stepping up to address concerns over Chinese nationals purchasing real estate in the country. China, under a communist regime, strictly forbids South Koreans from purchasing real estate in their territory. On the other hand, South Korea has barely any restrictions on real estate purchases by [...]