South Korea
BLand to start first project in South Korea
The first phase of Berjaya Jeju Resort will be launched Berjaya Land Bhd (BLand) before the end of the year. The project has a total gross development value of US$3.5 billion and the first phase will involve 300 units of serviced apartments to be completed within 24 months.
South Korea cutting property taxes to prop up market Property Report 25.03.2011 | Has property market hit rock bottom?Kim Da-ye Korea Times 28.10.2010 |
 South Korea has announced that it will cut property purchase taxes in a move to offset tougher borrowing rules and keep the recovering housing market from losing strength, Reuters has reported. |  Buying a home at the lowest price possible is everyone’s dream and timing is crucial to do so. For months the housing market has remained sluggish causing would-be home buyers to wonder if the property market has hit rock bottom and if they should make the deal of their life now. |
Drop in land prices and transactions in South KoreaAndrew Batt Property Report 19.10.2010 | South Korea acts to bolster property marketAndrew Batt Property Report 01.09.2010 |
 South Korea’s land prices contracted for the second month in a row last month amid a sharp drop in transactions, a government report has revealed. |  The South Korea government will temporarily ease financial borrowing and tax rules to help bolster the local housing market, which has experienced a sharp drop in transactions since late last year. |
Can households juice the property market?Kim Tong-hyung 28.08.2010 | South Korea set to announce property stimulus plansAndrew Batt Property Report 27.08.2010 |
 The country’s slumping housing market is proving to be a drag on the economy, but this isn’t stopping policymakers from making Herculean efforts to delay what appears to be the inevitable. |  The South Korea government plans to announce a package of measures to bolster the slumping local property market next week following policy coordination with lawmakers, a senior official said yesterday. |
Best Western Allamanda Laguna Phuket Opens etravelblackboardasia.com 22.02.2010 | S. Korea to spend US$1.5 bil on MarinasStaff Writer Propert Report 20.01.2010 |
 Best Western International – The World’s Largest Hotel Chain - announces the opening of Best Western Allamanda Laguna Phuket, situated on beautiful Phuket’s Bang Tao Beach within the stunning environment of the Laguna Phuket integrated resort. It joins the chain’s four other properties on Phuket. |  The South Korean government said on Tuesday it will invest 1.7 trillion won (US$1.5 billion) into building dozens of marinas across the country over the next decade, as part of an effort to boost the maritime leisure industry and enhance the nation´s overall tourism sector. |
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