The office rental market around Dosandaero and Nonhyeon Station in Gangnam, Seoul, is experiencing dramatic changes in a short period of time. According to statistics from the Ministry of Land, Infrastructure and Transport, the vacancy rate on Dosandaero fell to 4.61 tpa3tpa in the second quarter of 2025, a 17.11 tpa3tpa drop from the previous quarter (21.71 tpa3tpa), marking the largest decline in the country.
Recent changes to domestic real estate policy are intended to curb overheating in the real estate market by limiting mortgage loans and discouraging investment by "young-kul" (meaning "young-kul tribe"). However, using collateralized loans to purchase real estate has been a common investment strategy even for those not in the "young-kul tribe."
2025.8 Comprehensive Housing Price Index Note: The national housing price index rose 0.051 tpa3t in August compared to the previous month, maintaining its upward trend for the fourth consecutive month. Seoul saw a 0.451 tpa3t increase, significantly exceeding the national average. The upward trend was particularly strong in Gangnam, where redevelopment expectations are high, and in areas favored by subway stations.
According to the Act on the Ownership and Management of Condominiums (hereinafter referred to as "this Act"), to qualify as a subject of sectional ownership, a building must possess structural and operational independence. "Structural independence" here means that the relevant building section (the exclusive portion) must be externally distinguishable from other building sections.
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