real estate Archives | Be Korea-savvy
REITs Becoming a Popular Form of Indirect Investment in the Real Estate Market

REITs Becoming a Popular Form of Indirect Investment in the Real Estate Market

SEOUL, Jun. 13 (Korea Bizwire) — Private investors in the real estate market are turning to Real Estate Investment Trusts (REITs) as the market is suffering from an overall slump following government restrictions. SG Lab, a research arm of the South Korean real estate marketing firm MB& Holdings Co., reported that the number of REITs [...]

S. Korean Landlord Has Nearly 200 mln Won in Debt: BOK

S. Korean Landlord Has Nearly 200 mln Won in Debt: BOK

SEOUL, Mar. 28 (Korea Bizwire) — An average landlord in South Korea owed 200 million won (US$176,000) to financial institutions last year, a central bank report showed Thursday. According to the Financial Stability Report submitted by the Bank of Korea (BOK) to parliament, the total financial debt of households that lease homes and commercial buildings [...]

Altus Group Report Reveals Rapid Acceleration of PropTech Adoption and Rise of Disintermediation as Major Trends Impacting the Commercial Real Estate Industry in 2019

Altus Group Report Reveals Rapid Acceleration of PropTech Adoption and Rise of Disintermediation as Major Trends Impacting the Commercial Real Estate Industry in 2019

TORONTO, Jan. 22 (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 (“CRE”) industry, today released the latest Altus Group CRE Innovation Report. The report provides an outlook on technology trends impacting the global CRE industry and highlights [...]

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 [...]