RE/MAX Korea, September Key News… On-site Performance, Digital Marketing, and Strengthening of PM Services In September, RE/MAX Korea announced the August monthly earnings, along with an agent short-form listing video challenge, enhanced website and content marketing, and PM for small and medium-sized buildings…
A Milestone Erected Across the Sea: The New Path for Korea-Japan Real Estate Drawn by Re/Max Maris CEO Kim Kyung-jun. The Genkai Strait is a physical boundary separating Korea and Japan, as well as a passageway through which people and cultures have traveled for centuries. The Latin name for this rough sea is 'Maris nigri' (Maris…
<Sales> The nationwide housing sales price index in August continued its upward trend, rising 0.331 TP3T compared to the previous month. The metropolitan area rose 0.631 TP3T, while provincial areas increased 0.031 TP3T, indicating that the gap between the two regions persisted. In particular, Seoul rose 0.971 TP3T, reaching approximately three times the national average, and compared to the same month of the previous year…
Organizations Create Space [Part 2] The Question After the Numbers In the previous part, we discussed that the occupancy rate is not an absolute standard. To the extent that even global real estate service firms in Seoul do not officially publish average occupancy rates by grade, this number was not, from the start, absolute…
Basic Principles Regarding Co-owners and Voting Rights Under the Condominium Act In the Act on Ownership and Management of Condominiums (hereinafter referred to simply as the “Condominium Act”), voting rights refer to the right to participate in resolutions at a general meeting of the management association, and all co-owners possess voting rights. The Condominium Act [applies] to... unless otherwise stipulated in the bylaws...
When an individual acquires a commercial or office building through a sale, the acquisition tax is, in principle, 41 TP3T (4.61 TP3T including the Local Education Tax and Special Tax for Rural Development). However, the moment the same building is purchased in the name of a corporation, the tax rate jumps to 81 TP3T, and in some cases, up to 121 TP3T. Simply because it is a corporation…
i-PLACE Partial Commercial Facility Price 6,030,850,000 KRW Golden Realty 010 8960 5921 Golden Realty Real Estate Brokerage Corporation Co., Ltd. Representative Kim Byung-kwan 02-470-9701 11740-2023-00033, Olympic-ro, Gangdong-gu, Seoul Commercial building at Bukhansan Entrance Sale Price 6,200,000 KRW Daon 010 8579 7167 Daon Plus Real Estate Brokerage Corporation Co., Ltd. Representative Park Chang-su 02-423-7823 Songpa-gu, Seoul…
Introducing major large deals successfully completed by specialized RE/MAX agents during the month of August. [Meister] Partial Lease/Tenancy Agreement, 30-5 Euljiro 3-gil, Seoul, Choi Hyun-mi 010-2055-1874 [Team Realty] Full Sale Agreement, 25 Saemunan-ro 9-gil, Jongno-gu, Seoul, Kim Mi-soo 010-2466-3340 [Gold Asset] Full Lease Agreement, 81 Hwagok-ro, Yangcheon-gu, Seoul, Han Sang-hoon…
Is the era of growing assets by owning multiple homes coming to an end? Increased interest in commercial real estate amid tightened housing regulations… Q2 market indicators improved and building transactions increased. The strategy of growing assets by purchasing multiple homes has become not as easy as it used to be. Taxes on multi-home owners…
“Buying a building isn’t the end… Landlords exhausted from renting and managing” A building is not an asset whose management ends simply by purchasing it. From finding tenants and managing contracts to collecting rent, inspecting facilities, and responding to various complaints, there are many things a landlord must take care of…
