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FirstService Announces Plan to Separate Into Two Independent Public Companies

Spin-Off Transaction Creates Two Strong Industry Leaders: Colliers International in Commercial Real Estate and New FirstService Corporation in Residential Property Management and Services TORONTO, Feb. 10 (Korea Bizwire) — FirstService Corporation (TSX:FSV) (Nasdaq:FSRV) (“FirstService”) today announced that its Board of Directors has approved, in principle, a plan to separate FirstService into two independent publicly-traded companies [...]

Given Abundant Global Capital, Ferguson Partners Releases Bullish Global Real Estate Hiring Forecast for 2015

U.S. Leads the Pack With 5% Growth, Followed by Asia; Europe and Canada to Remain Flat CHICAGO, Jan. 14, 2015 (Korea Bizwire) – A just released global hiring forecast by Ferguson Partners Ltd. shows three industry trends driving global hiring demand in 2015. They are: *T — Abundant equity capital to invest, which is [...]

Discover Home Loans Poll: Buyers Believe a Home is a Good Investment but Many Are Unprepared for Mortgage Process

RIVERWOODS, Ill. July 21, 2014 (Korea Bizwire)–Homebuying season is in full-swing and a recent independent poll commissioned by Discover Home Loans shows that 94 percent of prospective buyers believe they are making a good investment by purchasing a home. Although 87 percent are confident they will find an affordable home loan, the poll shows [...]

Foreign IT Companies Nestle in Gangnam to Fill up the Vacancies

SEOUL, July 6 (Korea Bizwire) –Global IT firms have increasingly settled down in Gangnam district of Seoul, which has struggled with a growing vacancy rate due to the existing tenants’ relocating to other popular business towns such as Pangyo or Gangbuk regions. Over the past year, the number of international firms relocated to Gangnam has [...]

No More Gangnam Style, Vacancies in Buildings All over Gangnam

SEOUL, Korea, April 19, 2014 (Korea Bizwire) – Office buildings are becoming more and more hollowed out. In the premium-grade skyscrapers in Seoul, it is rather easy to find empty offices these days. The vacancy rate in buildings in the Yoido district – Seoul’s main business and investment banking area dubbed as “Wall Street of Korea” [...]

“Cut out the Middleman” Home Rental Sites Proliferating

SEOUL, Korea, Feb 26 (Korea Bizwire) – Mr. Lim, a 26-year-old college graduate who doesn’t want to reveal his full name, said he recently found a rental home through the Internet without paying the broker’s fee. As he is jobless and preparing for state exams, the real estate broker’s commission of 200,000 to 300,000 won [...]

Seoul, One of the Most Expensive Cities in Terms of Home Price

SEOUL, Korea, Sep 11 (Korea Bizwire) – According to a research report “International Comparison of Housing Prices and Implications for Korea” published on September 10 by KB Financial Group’s Management Research Institute, the total value of real estate held by Korea’s households as of the end of 2012 was about US$5 trillion, 436 percent of the [...]

Unusual Gangnam Land Purchase Attracts Attention

SEOUL, July 18 (Korea Bizwire) – A real estate consulting company in Daejeon has attracted attention for its unusual investment strategy. According to Jiju Club, it is seeking a joint bidding on a plot of land in Irwon-dong in Seoul’s Gangnam whose estimated price is in excess of 5 billion won by signing up a [...]