The global commercial real estate market has been hit hard by interest rate hikes. Office vacancy rates are at an all-time low and rents are rising sharply, so transactions are taking place for Seoul office buildings as they continue with strong fundamentals, but transaction volume has plummeted compared to previous years. According to CBRE, the volume of Seoul office transactions in the first half of the year slightly exceeded KRW 3 trillion, the lowest level in five years. It is also common for transactions to be delayed or cancelled.   Seongsu-dong GM Korea Office Development and PF Financing Project financing (PF) for a large-scale office development project was […]