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Seoul Investment Market Report

Hena Park • 22/07/2024

Total office building transaction volume in Seoul and Bundang in Q2 2024 totaled approximately KRW1.0 trillion, with seven deals completed. Transaction volume for the 1H 2024 period recorded KRW4.0 trillion, down slightly from KRW4.5 trillion in 1H 2023. Despite these challenges, investment activity remained relatively robust in the Gangnam area, a preferred location for corporates and investors. Approximately 78% of Q2 2024 transactions were in the GBD submarket, with KRW2.3 trillion transacted in the 1H period, surpassing the full-year 2023 total transaction volume of KRW1.9 trillion.

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