2022. 07. 18 · Simok Kim
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
15 categories on the downturn, IGIS Value REIT experiences a sharp 7% decline The listed REITs market in Korea has again taken a major downturn. Over the last week, no single category was able to achieve a positive earning with an average of -3.35% rate of return across 17 listed REITs. With CPI reaching 9.1% for the first time in 41 years and the Bank of Korea’s interest rate rising 50 bps, there are certainly macroeconomic factors at play. But taking into account KOSPI and KOSDAQ nearly horizontal movement, the price drop of listed REITs has been surprising. In the case of REITs, there was a huge upward movement from […]
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Content Editor, Seoul Property Insight(SPI)
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