Seoul's prime office market bucks broader investment slowdown

What happened: Seoul's prime office market is seeing major transactions despite rising borrowing costs. Igis Asset Management was picked as preferred bidder for K-Twin Towers, while State Tower Namsan and ABL Tower also drew sale activity. Key numbers: K-Twin Towers price 1.05 trillion won ($782 Why it matters: Low vacancies are sustaining demand for premium offices even as tighter monetary policy weighs on the wider investment market. CBRE Korea expects market differentiation to become more pronounced, with greater emphasis on asset fundamentals such as location and tenancy stability.

Seoul's prime office market is seeing major transactions despite rising borrowing costs. Igis Asset Management was picked as preferred bidder for K-Twin Towers, while State Tower Namsan and ABL Tower also drew sale activity.

Low vacancies are sustaining demand for premium offices even as tighter monetary policy weighs on the wider investment market. CBRE Korea expects market differentiation to become more pronounced, with greater emphasis on asset fundamentals such as location and tenancy stability.