The concept of a commercial district refers to the area where customer attraction is centered around a store (facility), that is, an area where a certain percentage of demand leads to purchases at that store (facility). And the concept of location refers to the place where the store (facility) is located...

Continue ReadingReal estate common sense: A new paradigm for commercial growth – Pop-up store street Yeonmujang-gil, Seongsu-dong

An office commercial district refers to a commercial district in which offices are concentrated in a specific area. This commercial district is an area with a low settled population and a large floating population, and is mainly dependent on the consumption of office workers. Therefore, the office commercial district refers to a commercial district with a high concentration of office workers...

Continue ReadingReal estate knowledge: Current status of four major office commercial districts

2024.01 Comprehensive housing price index 2024.01 Monthly sales price index 2024.01 Monthly rental price index Note The comprehensive housing sales price index maintained a downward trend in all regions. The decline expanded compared to the previous month in all regions, turning downward in December last year, for two consecutive months...

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Yam Sam Gimbap started as a kimbap restaurant with generous portions and high quality ingredients in Singil-dong, Yeongdeungpo-gu in 2001. After a major brand renewal to “Yam Sam Gimbap” in 2015, it is currently operating in over 250 franchises nationwide and in Taiwan. Yamseam Gimbap has been producing and supplying food ingredients at its own production plant in Paju since 2010…

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“This person achieves success with just one hit, while others may have to hammer it 10,000 times.” In fact, technology is often needed for efficiency rather than effectiveness. Efficiency is doing things right, and effectiveness is doing the right things…

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Remax is going to Korea's largest franchise startup fair. 2024 First Half IFS Franchise Startup Fair Remax Korea is scheduled to participate in the 2024 First Half IFS Franchise Startup Fair, which will be held at COEX for three days from March 21st to 23rd, 2024. IFS is in each field…

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In Japan, where commercial banks have low interest rates and inflation, there has recently been a growing trend toward investing in real assets rather than holding cash assets. Not only real estate prices in Japan, but also whiskey and gold prices are rising. On the 14th, the Nippon Keizai Shimbun (Nikkei) conducted a real estate survey...

Continue ReadingRE/MAX Trend: Spot speculation on fire in Japan

Continuing from the previous month's issue. In the case of a building seller, in a market where it is difficult to sell at the right price like the current one, it is better to give a burden or gift. However, if a parent sells the gift to their child within 10 years, the transfer tax is calculated based on the parent's original acquisition price.

Continue ReadingReal estate tax: Brokerage customer lock-in strategy according to the real estate transaction cooling period

According to the Commercial Building Lease Protection Act (hereinafter simply referred to as “this Act”), a lessor does not necessarily have to be the owner of the leased building, and a person who has the right to dispose of the leased building or has lawful rental authority can also become a lessor. The lessor is the sole owner of the subject matter of the lease...

Continue ReadingReal Estate Law: Commercial Building Lease Protection Act and Landlords

The Commercial Building Lease Protection Act does not apply to all leases, but only applies to cases where the converted deposit is less than the standard amount. However, in some cases of the Commercial Building Lease Protection Act, it is applied even if the converted deposit is more than the standard amount (Article 2, Paragraph 3 of the Commercial Building Lease Protection Act).

Continue ReadingReal estate law: When the converted deposit exceeds the standard amount