The year is quickly coming to an end. The commercial real estate market is also bookending the year and making preparations for 2024. Bidding for major sales this year ended with the Conrad Hotel bidding on December 13. Among the properties traded in the Seoul office market this year, the Hi Investment & Securities Building in Yeouido will soon select its preferred bidder, and the T412 sale on Gangnam’s Teheran-ro selected Allermant as preferred bidder. Allermant beat its competitors by offering a price of KRW 41.5 million per 3.3 square meters, and showed its intention by paying a performance deposit of KRW 10 billion. These are more examples […]