Korean property returns soar, says IPD
Office properties in Seoul, which account for 67% of the Korean databank, performed slightly better than the All Property average, with a return 29.2%. IPD is not yet able to show returns for any of the other sectors because the sample sizes are not yet sufficiently large and/or the ownerships of the properties not sufficiently diverse to comply with IPD’s confidentiality commitments to individual data subscribers. The Korean index is therefore published as a consultative release.*
Overall, the total return on Korean property combined an income return of 6.6% with a capital return of 19.2%. In the case of Seoul offices, the figures were 7.0% and 20.8% respectively.
Dr Kevin Swaddle, Director for IPD’s services in Asia said, “The publication of the Korean property index is an important symbol that the Korean property market is embracing greater transparency, and this should bring benefits to the market in terms of increased investment from international institutions. This consultative release is not the end of road, but it is a big first step. We look forward to publishing a full index next year."
For further information contact:
Kevin Swaddle, IPD Director in Asia, +82 (0)1191 953 931 or +44 (0)771 432 9924 kevin.swaddle@ipd.com
Lico Gross, IPD Press Relations, +44 (0)20 7336 9218
lico.gross@ipd.com
Notes to editors:
IPD is a global information business, dedicated to the objective measurement of commercial real estate performance. As the world’s number one provider of real estate performance analysis for funds, investors, managers and occupiers, we offer a full range of services including research, reporting, benchmarking, conferences and indices. We operate in over 20 countries, including most of Europe, the US, Canada, Australia, New Zealand, South Africa and Japan. Our indices have been the basis for the developing commercial property derivatives market, and are the most authoritative measures of real estate returns worldwide. For further information visit www.ipd.com.
*Consultative status
The IPD Korean property index has consultative status because not all of the criteria for a full IPD index are met. In particular, the research draws on a smaller number of properties than other IPD indices, and these represent a smaller portion of the invested market than is usually the case. The concentration of assets in the office sector, and the clustering of assets in individual ownerships, also restricted the segmentation that it is possible to put into the public domain. It is therefore possible that these results will be restated in the future, as the size and coverage of IPD’s Korean databank grows. It is normal for IPD indices to have consultative status in the first few years of a new national service.
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웹사이트: http://www.ipd.com
연락처
Kevin Swaddle, IPD Director in Asia, +82 (0)1191 953 931 or +44 (0)771 432 9924 이메일 보내기
