Reviving Aging Accommodations: A New Combination of Real Estate and Hospitality. Global real estate franchise REMAX Korea has partnered with hotel management specialist AZMT to launch a new project aimed at revitalizing the value of vacant properties. The two companies signed a strategic memorandum of understanding (MOU) on November 7th…
W. Lee Mi-young, Vice President of Remax Korea. For some, it's a last resort after retirement or business closure, and for the younger generation, it's a starting point for their future endeavors. The Certified Real Estate Broker Exam, which begins every fall, is a must-attend event. This year, the 36th exam attracted over 160,000 applicants, demonstrating unwavering enthusiasm...
Since the government announced its housing market stabilization measures on October 15th, attention is focused on the future of the commercial real estate market, which has avoided the direct impact of regulations. Commercial real estate is expected to see a easing of "Korea Risk" in the first half of the year, a revitalized stock market, the entry of foreign companies into the domestic market, and a surge in tourism.
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.
Amid global rent surges, Seoul's luxury apartments have finally entered the era of 60 million won monthly rent. Seoul's luxury housing market has finally entered the "60 million won monthly rent era." High-end apartment complexes in Gangnam, Hannam, and Seoul Forest are commanding deposits of tens of billions of won and monthly rents in the tens of millions of won.
The national office rental price index for the second quarter of 2025 rose 0.71 tpa3t (total 3 trillion won) compared to the previous quarter and 2.41 tpa3t (total 3 trillion won) compared to the same period last year. However, regional trends differed significantly. While the Seoul metropolitan area led the upward trend, some major regional cities were unable to avoid declines. Source: Ministry of Land, Infrastructure and Transport…
"If you build it, it sells." There was a time when that was the case. Whether it was a shopping mall or an office building, providing space attracted people, and within that space, business flourished. However, with online and digital technologies deeply ingrained in our daily lives, offline spaces can no longer survive simply by "existing." Shopping malls,…
In 2025, Korea will enter the full-fledged 'era of foreigners flocking in'. The number of foreign tourists visiting Korea this year is expected to approach 20 million, and the number of foreigners staying in Korea has exceeded 2.65 million. Beyond tourism, there are also residence, employment, study abroad, and…
