Average effective rents in Seoul’s three major business districts were largely unchanged in Q4 2019. Leasing demand continued to be led by financial and professional services companies.
Retail sales volume stood at KRW 92.0 trillion in Q3 2019, representing growth of just 1.3% y-o-y, the weakest in three years.
Yields continued to compress in Q4 2019 amid growing interest in logistics assets from both local and foreign investors.
Full-year transaction volume totalled KRW 16 trillion in 2019, marking an increase of 25% y-o-y and setting a new record high. High liquidity supported robust purchasing activity, especially in the logistics and hotel sectors.