Follow on Google News News By Tag * Estate * Construction * Rents * Ratings * Yields * Asia * In-country * Supply * Rental * Sub-sectors * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | South Korea Real Estate Report Q4 2010: New research report available at Fast Market ResearchNew Business research report from Business Monitor International is now available from Fast Market Research
In early 2010, our in-country sources indicated that developers in those two cities, whether as a result of good luck or good management, had been able to maintain a broad balance between supply and demand of commercial property - and across all three major sub-sectors. Rents held up through 2009; yields fell; capital values increased, although this may at least in part have been a consequence of new tax breaks that favour landlords. Busan is an exception in that developments in its commercial real estate sector are far more similar to those in most other countries that BMI surveys. Our in-country sources indicated that rents fell sharply in all three sub-sectors in 2009. Capital values fell further, with the result that yields actually rose. The main problem appears to be a huge increase in supply as a result of new projects that are becoming available to new tenants over the next year or so. Some of the projects are under construction. Others have been built, but are unlet. In the second round of interviews with in-country sources, which we conducted in mid-2010, the comments confirmed our previously held view: 2009 had been the year of adjustments, in response to the differing conditions in the three cities' real estate markets. Since the beginning of 2010, rents have fallen slightly in the retail sub-sectors, but otherwise appear to have tracked sideways. Looking forward towards 2014, we continue to believe that yields will remain broadly unchanged. Any changes in rental rates will likely be met by similar changes in capital values. Key Features Of This Report This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. Once again, the questions that we seek to answer for each country remain as follows: what are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries? In Q3 we have introduced a very substantial new improvement to the reports. We have incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors - office, retail and industrial. We have also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report. In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data by way of a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014. We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Forecast Scenarios. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - South Korea Real Estate SWOT - South Korea Economic SWOT - South Korea Business Environment SWOT Regional Real Estate Overview - Table: Asia Pacific's Office Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month) - Table: Asia Pacific's Retail Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month) - Table: Asia Pacific's Industrial Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month) Real Estate Market Overview - Key Issues - Comments And Data From In-Country Sources - South Korea's Real Estate Market - Rentals 2008 And 2009 (msq/month) (US$) - South Korea's Real Estate Market - Net Yield (%) - South Korea's Real Estate Market - Terms of Contract/Lease - South Korea's Real Estate Market - Available And Vacant Space (msq) Forecast Scenarios - Supply And Demand - Rents And Yields - Table: South Korea Real Estate Markets - Rentals in msq/month (USD) - Table: South Korea's Real Estate Market - Net Yield, 2008-2014 (%) - South Korea's Construction Industry Outlook - Table: South Korea - Construction And Infrastructure Industry Data - Macroeconomic Outlook - Table: South Korea - Economic Activity, 2007-2014 Business Environment - Real Estate/Construction Business Environment Ratings - Table: Asia Real Estate/Construction Business Environment Ratings - South Korea's RECBER - Project Finance Ratings - Table: Design And Construction Rating - Table: Commissioning And Operating Rating - Table: Overall Project Finance Rating - South Korea's Business Environment - Table: BMI Business And Operational Risk Ratings - Table: BMI Legal Framework Ratings - Table: Annual FDI Inflows Into Asia, 2006-2008 - Table: BMI Trade Ratings - Table: South Korea's Top Export Destinations, 2000-2008 (US$mn) Company Monitor - GS Engineering & Construction Corporation - Samsung Engineering & Construction - SK Engineering & Construction BMI Methodology - How We Generate Our Industry Forecasts - Construction Industry - Bank Lending - Real Estate/Construction Business Environment Rating - Table: Weighting Of Indicators - Project Finance Ratings Indicators - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
|
| |||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number