Often called the ‘Brooklyn of Seoul’, Seongsu-dong is continuing to be a hot target for investors. Several large asset management companies, institutional investors like mutual aid organizations and pension funds, and foreign investors began investing in Seongsu around 2020. GIC and LB Asset Management’s acquisition of Seoul Forest D Tower at the end of 2020 and the acquisition of the logistics center site next to the Wooran Cultural Foundation by IGIS Asset Management in the same year served as the starting point to popularize investment in the area by big players in the market. Prior to that, a Hong Kong-based investor, Star Property, acquired three sites in Seongsu-dong […]