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South Korea Real Estate Report Q1 2015

South Korea Real Estate Report Q1 2015

BMI View: South Korea boasts a well developed commercial real estate sector with a strong financial sectorand an affluent population supporting demand for commercial property. The country's export sector, whichis key to economic growth, means the country also has extensive demand for industrial space. While themarket is dominated by local firms, including an increasing number of Korean conglomerates, foreign directinvestment has been growing steadily in recent years.
The outperformer in the long term will be the retail sub-sector, driven by increasing demand for Westernstyleshopping experiences, as well as the arrival of international retailers and tourists into the country.Although the creation of new retail space could cause some fluctuation in rental and vacancy rates, in thelong term the story is one of solid growth. This is true of all the cities that we cover, but we do note thatalthough the retail market is Seoul is mature, elsewhere in the country there is certainly room for growth.


BMI Industry View
SWOT
Political
Economic
Business Environment
Industry Forecast
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (South Korea 2012-2017)
Table: Construction And Infrastructure Industry Data (South Korea 2018-2023)
Industry Forecast
Office
Table: Forecast Office Rents, 2014 And 2015 (USD per m2/month)
Table: Forecast Short-Term Office Net Yields, 2014-2015 (%)
Table: Forecast Long-Term Office Net Yields, 2010-2018 (%)
Retail
Table: Forecast Retail Rents, 2014 And 2015 (USD m2/month)
Table: Forecast Short-Term Retail Net Yields, 2014-2015 (%)
Table: Forecast Long-Term Retail Net Yields, 2010-2018 (%)
Industrial
Table: Forecast Industrial Rents, 2014 And 2015 (USD per m2/month)
Table: Forecast Short-Term Industrial Net Yields, 2014-2015 (%)
Table: Forecast Long-Term Industrial Net Yields, 2010-2018 (%)
Macroeconomic Forecasts
Economic Analysis
Developed Markets, Investment Spending To Support Growth
Outlook Not All Rosy
Table: Economic Activity (South Korea 2009-2018)
Industry Risk Reward Ratings
Asia - Risk/Reward Ratings
Table: Asia - Real Estate Risk/Reward Ratings
South Korea Risk/Reward Ratings
Rewards
Risks
Market Overview
State Asset Sale
Winter Olympics Boosts Real Estate Outlook
Seoul
Busan
Daegu
Office
Table: Historical Rental Costs, 2012-2014 (USD per m2/month
Table: Historical Net Yields, 2012-2014 (%)
Table: Terms Of Rental Contract/Leases, H213
Retail
Table: Historical Rental Costs, 2012-2014 (USD per m2/month)
Table: Terms Of Rental Contract/Leases, H213
Industrial
Table: Historical Rental Costs, 2012-2014 (USD per m2/month)
Table: Historical Net Yields, 2012-2014 (%)
Table: Terms Of Rental Contract/Leases, H213
Competitive Landscape
Office
Retail
Industrial
Company Profile
FGN Real Estate Development Investment Trust
GS Engineering & Construction Corporation
Samsung C&T Engineering & Construction
SK Engineering & Construction
Demographic Forecast
Table: South Korea's Population By Age Group, 1990-2020 ('000)
Table: South Korea's Population By Age Group, 1990-2020 (% of total)
Table: South Korea's Key Population Ratios, 1990-2020
Table: South Korea's Rural And Urban Population, 1990-2020
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Ratings Methodology
Table: Real Estate Risk/Reward Ratings Indicators
Table: Weighting Of Indicators

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