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Pebblestone Power: Raising A Trillion Won Despite Funding Slowdown

2022. 11. 24 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

In the aftermath of the interest rate hike, the commercial real estate market has come to a near halt. Equity as well as loans, which were not a big variable in commercial real estate transactions before the interest rate increases, are completely blocked from financing. The road forward is unclear. As a result, while there are many items for sale on the market, transactions are frozen in time. Only a handful of transactions have been completed since mid-year. In fact, there have been no outstanding transactions since the Shinhan Financial Investment office building sale in Yeouido, which was completed in July. The Gwanghwamun Concordion Building and the Coupang Logistics Center […]

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