This year, the Gangnam market saw more office properties up for sale than ever before, though not many were sold. Some transactions that were completed include Scale Tower, which was traded in the first half of the year, Majestar City Tower One, and Samsung SDS Tower, which concluded in October. In some cases, the sale was withdrawn soon after bidding was conducted, and in others, the preferred bidder changed several times, and others still where the closing schedule has been postponed until next year. With liquidity reduced to a puddle and interest rates high, it’s been difficult for buyers and sellers to see eye-to-eye on pricing. There are […]