Remax, a global real estate company with 50 years of experience, announced on the 14th that it will hold the 30th online real estate investment fair through a live broadcast on the official Remax Korea YouTube channel on the 15th.
Remax said that the proportion of investment by foreign institutions in the domestic commercial real estate market has recovered to the pre-COVID-19 level. The purchase of real estate assets by foreign capital has increased due to market gains due to exchange rates, and is expected to become more active.
According to the '2023 Korean Commercial Real Estate Market Trend' released by global real estate consulting company Collius on the 12th, the proportion of foreign investment in the total transaction market investment amounted to 12.1%, approximately doubling from the previous year (6.7%). Here's the explanation.
A Remax official said, "For example, Singapore-based Keppel Asset Management purchased Samhwan Building in Jongno-gu, Seoul for about 223.2 billion won," and "American company Bental Green Oak also purchased GB1 and GB2 buildings in Pangyo Techno Valley, Seongnam, Gyeonggi-do." . He added, “Based on the strong dollar and high capital strength, overseas investors are seeking opportunities to invest in domestic commercial real estate.”
The official also added, "Remax, which has entered over 110 countries, plans to read these market trends and provide customized consulting that reflects the 2023 real estate trends to global and domestic investors at this expo."
Remax has over 400 real estate experts within its affiliated companies to analyze the location of real estate investment products such as shopping malls, buildings, hotels, reconstruction, redevelopment, logistics, factories, land, and overseas real estate, as well as 'analysis of the business conditions of the business in which the store is located' and 'legal and tax issues. They said they plan to provide checks and strategic consulting necessary for investment, such as 'analysis' and 'understanding economic and real estate business trends'.
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