SPI Weekly Korean Market Update(5/2~5/8)

2022. 05. 09 · SPI

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Club Mow CC Selling for KRW 250 billion: The era of 10 billion per hole is imminent Club Mow Country Club (CC) golf course which owned by Moa Construction is to be sold at a price equivalent to KRW 9.2 billion per hole, for a total of KRW 250 billion. Kalon Investment Asset Management, an alternative investment management company, will acquire the 27-hole public golf course in Hongcheon, Gangwon-do. The golf course was sold to Moa Construction by Doosan Heavy Industries & Construction for 185 billion won (6.8 billion won per hole) in late 2020, meaning that this sale marks a 40% increase in price in just a year and […]

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