Yongmin has vast real estate experience covering agency, consulting and research since 2004. In his current role as Head of Research for JLL Korea, he provides valuable research support both internally to staff and externally to clients, ensuring that all parties have access to the market-leading data, analysis and forecasting.
The Korean residential market has historically been dominated by individual unit pre-sales. However changing demographics and the weight of capital chasing core real estate deals points to strong growth for institutional investment in the sector.
Songdo has established itself as one of the foremost examples of new city development globally.
Persistent low interest rates, an increase in urban population and a flourishing economy brings a promising outlook for resi-sales.
A notable trend in our real estate market last year was a sharp increase in offshore investment activity. Local institutional investors and Asset Management Companies beefed up overseas investment teams and cross border activity jumped 68% y-o-y in 2015 to USD5.6 billion.