SEOUL, April 17, (Korea Bizwire) — In a significant move to stabilize the nation’s troubled real estate project financing (PF) market, South Korea’s National Assembly has approved a bill enabling Real Estate Investment Trusts (REITs) to engage not only in property investment but also in development and leasing projects. The Land, Infrastructure and Transport Committee’s [...]
SEOUL, March 30 (Korea Bizwire) — South Korean real estate investment trusts (REITs) have been hit hard by escalating concerns over a global recession stemming from the new coronavirus outbreak, data showed Monday. Shares in Lotte Shopping Co.’s REIT, listed in October last year, finished at 4,910 won (US$4.03) Friday, down 20.3 percent from the [...]
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 [...]