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Has property market hit rock bottom?

Kim Da-ye Korea Times 28.10.2010
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.

Has property market hit rock bottom?

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.

S. Korea to spend US$1.5 bil on Marinas

Staff Writer Propert Report 20.01.2010

Bluffs and confrontations over Korea’s exit strategy

Moon So-young Joongang Daily 17.09.2009
S. Korea to spend US$1.5 bil on Marinas

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.

Bluffs and confrontations over Korea’s exit strategy

The hot issue lately is when exactly Korea should end its extraordinary support for an economy battered by the global financial crisis - especially with production, employment and consumer confidence all improving.

Taking aim at housing loans

Jung Ha-won Joong Ang Daily 08.07.2009
UPDATE 1-S.Korea group picked to buy Telstra Tower in Sydney

SEOUL, July 9 (Reuters) - A consortium led by South Korea's Woori Investment & Securities (005940.KS) has been picked as the preferred buyer of Telstra Tower in Sydney, and the brokerage is considering purchasing another building worth A$400 million ($312.3 million).

Taking aim at housing loans

The Korean government has officially taken its first major step to rein in home loans and pre-empt a possible real estate price hike since the release of fresh data indicating that lending volume is reaching levels not seen since the real estate bubble in the mid-2000s.

'Korea needs transparent property market'

Cho Chung-un The Korea Herald 01.07.2009

'Bubble Seven' Prime Properties Rising Back

Yoon Ja-young The Korea Times 29.06.2009
'Korea needs transparent property market'

The government yesterday launched an advisory board for foreign investors on the country's real estate market as part of its efforts to promote foreign direct investment in times of economic downturn.

'Bubble Seven' Prime Properties Rising Back

Apartment prices are rising again in Seoul, upon government deregulation and abundant liquidity in the market. The economy, trying to recover from the global financial market turmoil, could fall into the pit again with the formation of a bubble.

Kumho to Buy AIG Building in NY

Yoon Ja-young the korea times 12.06.2009

Real estate firm ‘believes’ in Korea

Cho Jae-eun joong ang daily 12.06.2009
Kumho to Buy AIG Building in NY

A consortium led by Kumho Investment Bank has signed a contract to acquire the AIG headquarters building in New York. This is the first time for a Korean fund to buy a skyscraper in downtown New York.

Real estate firm ‘believes’ in Korea

The real estate market in Asia is looking quite murky at present and the region is struggling to cope with the economic crisis.


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