On the doorstep to China and East Asia, South Korea is a connection point for both regional and global companies. Coupled with an unparalleled technological infrastructure, you can see why South Korea, holds appeal for companies seeking a home for their data centres.
Seoul investment market remains active amid steady leasing activity
CBRE Korea releases Seoul MarketView Q1 2019 report reporting commercial real estate transaction volume at 3.1 trillion won in Q1 2019… a decline of 5% q-o-q and a lack of high-quality stock available for sale results in intense competition among investors
‘Korean commercial real estate transaction volume expected to shrink marginally in 2019’ CBRE Korea
This is said by CBRE Korea to be due to higher borrowing costs, tighter regulations, lower returns and investors advised to consider a range of short-term strategies and portfolio diversification.
Hong Kong CBD rents to decline; Seoul CBD rents vulnerable amid falling stock markets
Colliers International, released their flash report, Hong Kong and Seoul CBD Rents Vulnerable to Falling Stock Markets, in response to recent declines in stock markets in Asia.