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Articles by Lee Seok-hee
Maeil Business Newspaper Korea's No. 1 Economic Media
Bidding for construction of Yeouido Plaza 16% higher than nearby cotton 'luxury' design and community competition Material costs, labor costs, and financial costs General sales prices are also likely to rise With the arrival of the era of 15 million won per 3.3㎡ of reconstruction construction costs, pressure is expected to rise in apartment prices in Seoul.
Bando completes Korea's first self-developed housing project in L.A.
South Korean construction company Bando Engineering & Construction Co. has successfully completed a mixed-use development project in Los Angeles, overcoming high entry barriers into the U.S. housing market. On Tuesday, the company announced the completion of The BORA 3170 in the heart of Koreatown in the city, an apartment complex consisting of 252 units across eight floors and commercial facilities.
Young people buying homes after eased mortgage rules - Pulse by Maeil Business News Korea
Home purchases by people in their 20s and 30s are growing at a rapid pace over recent months, likely encouraged by eased mortgage regulations in the real estate market. According to February housing transaction data by age group released by the Korea Real Estate Board on Sunday, apartment purchases nationwide by buyers in their 20s and 30s accounted for 31.96 percent of all purchases, 2 percentage points higher than 29.85 percent seen in the earlier month.
Bando completes Korea’s first self-developed housing project in L.A.
South Korean construction company Bando Engineering & Construction Co. has successfully completed a mixed-use development project in Los Angeles, overcoming high entry barriers into the U.S. housing market. On Tuesday, the company announced the completion of The BORA 3170 in the heart of Koreatown in the city, an apartment complex consisting of 252 units across eight floors and commercial facilities.
Knowledge industry centers remain vacant amid high interest rate environment - Pulse by Maeil Business News Korea
Knowledge industry centers in Seoul and surrounding areas in South Korea are struggling to find tenants in a high interest rate environment, posing another threat to the already sluggish real estate market led by unsold apartments. According to data from Korea Industrial Complex Corp., there are 271 knowledge industry centers that are under construction or waiting to begin construction across the country at the end of January. The industry estimates the number to be as high as 300.
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