The average land price in South Korea has increased by over 3000 times!
The rate of office lease rents nationwide was 5.4%. The rate of increase in apartment prices in the country was 1.59%.
Since land is a limited resource, especially with South Korea being relatively a small country, land can be considered price inelastic. Hence, when land is available for sale investors are flocking to the opportunity. In 2018, land owned for investment purposes by the 30 largest companies in the country increased by 4.1%.
The nation's official land price index rose 6.28 percent this year!
Transportation avenues, such as the Metro lines (Su-in) and KTX routes, adds amazing value to land and property.
Director: Kim Tae Sung
Hansung Band branch: 12 / 2nd floor of Samseonggyo road, Seongbuk-gu, Seoul
Business registration number: 216-24-21760
Land Specialist, Real Estate Consultant