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Property Buyers Okay with Virtual Rendering Instead of In-person Visits: Survey

Property Buyers Okay with Virtual Rendering Instead of In-person Visits: Survey

SEOUL, April 6 (Korea Bizwire) — A substantial number of property buyers would be willing to sign contracts without visiting the property if real estate information is realized in three-dimensions (3D) or virtual reality (VR), a survey showed Monday. Zigbang Co., South Korea’s top real estate info application, conducted a survey of 1,152 people who [...]

Global Real Estate Leader JLL Begins Transition to Altus Group’s Cloud-Enabled ARGUS Enterprise

Global Real Estate Leader JLL Begins Transition to Altus Group’s Cloud-Enabled ARGUS Enterprise

TORONTO, Feb. 22 (Korea Bizwire) — Altus Group Limited (ʺAltus Groupʺ) (TSX: AIF), a leading provider of commercial real estate (“CRE”) services, software and data solutions, is pleased to announce that JLL, a global leader in commercial real estate professional services and investment management, has chosen to expand its use of ARGUS Enterprise (“AE”). Through this agreement, [...]

Madison Realty Capital Provides $53 Million Construction Financing to Heritage Equity Partners for Multifamily Development in Brooklyn

Madison Realty Capital Provides $53 Million Construction Financing to Heritage Equity Partners for Multifamily Development in Brooklyn

NEW YORK, Jan. 19 (Korea Bizwire) — Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced it has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development located [...]

Foreigners Shop for Apartments in Seoul amid Real Estate Crisis

Foreigners Shop for Apartments in Seoul amid Real Estate Crisis

SEOUL, Oct. 29 (Korea Bizwire) — Concerns are being raised as Chinese millionaires are reportedly purchasing additional luxury apartments in Seoul, further raising housing prices amid a lack of housing supply. Recently, a Chinese study-abroad student in his 30s was found to have purchased eight apartments across South Korea, seven of which were being rented [...]

4 in 10 Real Estate-linked Ranking Officials Own More than Two Homes

4 in 10 Real Estate-linked Ranking Officials Own More than Two Homes

SEOUL, Aug. 6 (Korea Bizwire) — Four in 10 high-ranking officials at the government’s ministries and institutions involved in the formulation of real estate and financial market policies are multiple homeowners, a civic group revealed Thursday, raising concerns about a possible conflict between their official duties and private interests. According to the Citizens’ Coalition for [...]