Unlike the global commercial real estate market where transactions have come to a halt due to the normalization of flexible work-from-home structures initiated by the pandemic, office investment is well and alive in Korea where the fundamentals are still strong. But due to this, asset sales have flooded the market, especially in Gangnam. Liquidity is drying up with each transaction, burdening the market. Samsung SDS Tower, Majestar City Tower One, Golden Tower, Daishin 343, Anam Tower, Icon Yeoksam, Taekwang Tower, and HSBC Building all conducted bidding in the first half of the year or designated preferred bidders, but are still recruiting investors. Bidding is scheduled for even more, […]