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South Korea Real Estate Report 2017

South Korea Real Estate Report 2017

BMI View: Rental growth will remain flat across the commercial property sector over the mid-term, withpotential for declines in the office sub-sector due to low business confidence and tepid economic growth.

The electronics sector provides some respite, however rising tensions with North Korea and the Chinaboycott will offset this performance and drag on domestic demand, keeping commercial real estate activitysubdued.South Korea's real GDP reached 2.8% y-o-y in H117. This better-than-previously-anticipated performanceis owed to a robust electronics sector, driven by growing global demand for semiconductors and displays.The marked growth in demand will stimulate fixed asset investment in South Korean electronics firms asexports rise, encouraging corporate activity. Nonetheless, the domestic situation continues to be boggeddown by sluggish consumption, persistently high youth unemployment and government instability. Neartermeconomic pressures, including the tentative relationship with North Korea, will see commercialproperty investment activity remain subdued, and we expect rent across the market to keep at current levelsor witness marginal decline.


BMI Industry View
SWOT
Industry Forecast
Office Forecast
Table: Office Rental Rates 2012-2017
Table: Office Yields, 2012-2021
Retail Forecast
Table: Retail Rental Rates 2012-2017
Table: Retail Yields 2012-2021
Industrial Forecast
Table: Industrial Rental Rates 2012-2017
Table: Industrial Yields 2012-2021
Residential/Non-Residential Building - Outlook And Overview
Latest Updates
Table: Residential and Non-Residential Building Industry Data (South Korea 2016-2026)
Structural Trends
Table: Construction And Social Infrastructure Key Projects
Macroeconomic Forecasts
Economic Analysis
Industry Risk Reward Index
Table: Asia Real Estate Risk Reward Index
Rewards
Risks
Market Overview
Competitive Landscape
Property Developers
Property Managers
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (South Korea 1990-2025)
Table: Key Population Ratios (South Korea 1990-2025)
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
Table: Population By Age Group (South Korea 1990-2025)
Table: Population By Age Group % (South Korea 1990-2025)
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Real Estate Risk/Reward Index Indicators
Table: Weighting Of Indicators

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