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South Korea Real Estate Report 2015

South Korea Real Estate Report 2015

BMI View: South Korea's highly developed commercial real estate market will continue to benefit from awelcoming business environment and increasing foreign investment. On the demand side, though, aslowdown in China and faltering private consumption could limit appetite for new space across the board.

Nonetheless, the outlook for South Korea's commercial real estate in the longer term is bright, as a result ofthe country's highly developed retail industry and economic diversification strategies.

Real GDP is set to grow slowly but steadily over our forecast period to 2019, increasing by 2.8% in 2015before rising to 3.4% a year between 2016 and 2019. This should set to scene for continued stability in thecommercial real estate market. Low interest rates will also be supportive to investment. However, risks areweighted to the downside. The major risk is a sharper-than-expected economic slowdown in China, SouthKorea's largest trade partner. This could cause a fall in export opportunities, as well as a decline inconsumer confidence and spending. This fear, as well as rising household debt and a downbeat outlook forprivate consumption, means demand for commercial real estate will be lacklustre in the medium term.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Office - South Korea - 2015
Table: Office Rental Rates, 2010-2015 (per sq m per month)
Table: Office Rental Yields, 2010-2019 (%)
Retail - South Korea - 2015
Table: Retail Rental Rates, 2010-2015 (per sq m per month)
Table: Retail Rental Yields, 2010-2019 (%)
Industrial - South Korea - 2015
Table: Industrial Rental Rates, 2010-2015 (per sq m per month)
Table: Industrial Rental Yields, 2010-2019 (%)
Residential/Non-Residential Building - Outlook And Overview
Table: Residential and Non-Residential Building Industry Data (South Korea 2013-2018)
Table: Residential and Non-Residential Building Industry Data (South Korea 2019-2024)
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (South Korea 2010-2019)
Industry Risk Reward Ratings
South Korea - Risk/Reward Index
Table: South Korea Real Estate Risk/Reward Index, 2015
Rewards
Risks
Market Overview
Competitive Landscape
Property Developers
Property Managers
Demographic Forecast
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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