The Seoul office market is in a liquidity drought, and signs of polarization are emerging as properties pile up on the sales floor. There is The Asset at Gangnam Station that held its bidding on July 1. Eight large Korean and foreign asset management companies participated, far exceeding market expectations to make the bid a success. At the same time, there are many cases where there are no bidders at all, such as with Yeongdeungpo Times Square in May, and other sales that were withdrawn, such as East Central Tower (ECT) in Gangdong-gu. This is not a case of a couple of delayed transactions. There has also been […]