real estate Archives | Be Korea-savvy
The Future of Banking is Paper-free

The Future of Banking is Paper-free

SEOUL, Oct. 31 (Korea Bizwire) — In the near future, blockchain technology will be incorporated into real estate databases, allowing users to gain access to relevant official documents without having to submit physical certifications. The Ministry of Land, Infrastructure and Transport and the Ministry of Science and Technology yesterday revealed plans to create a real [...]

Critics Call for Better Risk Management at Real Estate Trusts and Funds

Critics Call for Better Risk Management at Real Estate Trusts and Funds

SEOUL, Oct. 22 (Korea Bizwire) — As the size of real estate-related financial funds and real estate investment trusts – also known as a type of “shadow banking system” – surpasses 300 trillion won, critics say that the government should do more to manage the risks involved with such investments. According to a financial brief [...]

Sudden Increase in Real Estate Auction Bids Placed by Corporate Bodies

Sudden Increase in Real Estate Auction Bids Placed by Corporate Bodies

SEOUL, Oct. 19 (Korea Bizwire) — As a recent governmental measure aimed at curbing prices of real estate properties has made it more difficult for individuals to obtain loans to buy properties, there has been an increasing number of people who are placing successful bids for auctions of properties that are tendered under corporations. According [...]

Real Estate Takes up Largest Proportion of S. Koreans’ Assets: Report

Real Estate Takes up Largest Proportion of S. Koreans’ Assets: Report

SEOUL, Oct. 4 (Korea Bizwire) — Real estate accounted for more than half of South Korean households’ total assets, with the rate of homes owned for investments far higher compared to major economies, a report showed Thursday. It is based upon an analysis of features of household assets in five nations — South Korea, the [...]

Altus Group Report Reveals Shifts in Trade Policy, Technology and Financing Are Disrupting Global Real Estate Development Industry

Altus Group Report Reveals Shifts in Trade Policy, Technology and Financing Are Disrupting Global Real Estate Development Industry

TORONTO, Sept. 17 (Korea Bizwire) — Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, today released the Altus Group Real Estate Development Trends Report, which provides an outlook of a global property development industry being hit by rapid [...]

The World’s First Comprehensive Blockchain Powered Real Estate Platform

The World’s First Comprehensive Blockchain Powered Real Estate Platform

LONDON, Sept. 15 (Korea Bizwire) — Block Estates has announced recently that it is creating the world’s first comprehensive blockchain powered real estate platform which will enable a diverse range of transactional capabilities by utilising crypto and fiat currencies combined with secure blockchain technology and smart contracts. Rob Tomkins, Cofounder and Co-Chief Operating Officer stated, [...]

Seoul Set to Tackle Skyrocketing Home Prices with Tougher Measures

Seoul Set to Tackle Skyrocketing Home Prices with Tougher Measures

SEOUL, Sept. 13 (Korea Bizwire) – South Korea’s government said Thursday that owners of high-value houses and multiple homes will face tougher taxes than originally planned as it strives to rein in soaring housing prices. Over the past year, the Moon Jae-in government has unveiled a series of measures to curb housing prices that have [...]

New York City Real Estate Coin (NYCREC), A Tokenized Real Estate Fund with Cashflow Dividends, Announces Regulation S ICO in Q4 2018

New York City Real Estate Coin (NYCREC), A Tokenized Real Estate Fund with Cashflow Dividends, Announces Regulation S ICO in Q4 2018

NEW YORK, Sept. 6 (Korea Bizwire) —  New York City Real Estate Coin (NYCREC), a tokenized real estate fund that allows token holders to enjoy the benefits of fractional ownership of real estate in New York City, has just announced that its Regulation S* securities token offering (STO) will begin in Q4 2018. What is [...]

Colliers International Streamlines Its Market Leading Nordic Real Estate Management Services Platform

Colliers International Streamlines Its Market Leading Nordic Real Estate Management Services Platform

TORONTO and HELSINKI, Finland, Jul. 9 (Korea Bizwire) — Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI), a global leader in commercial real estate services, today announced the divestiture of its residential property management operation servicing apartment housing companies (“Finland AHC”), which manages over 30,000 apartments throughout Finland. This transaction allows Colliers Finland to focus entirely on [...]

Colliers International Creates Dominant Market Leader in Denmark

Colliers International Creates Dominant Market Leader in Denmark

TORONTO, Jul. 3, 2018 (Korea Bizwire) — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced that it has acquired a controlling interest in Sadolin & Albæk (“Sadolin”), Denmark’s leading capital markets specialist, which will be merged with Colliers International’s current operations in Denmark (“Colliers Denmark”). The partners of [...]