The Government of Singapore Investment Corp (GIC) is seeking to sell an office building in Seoul with an estimated value of up to 1.1 trillion won ($1.3 billion), South Korea's Maeil Business Newspaper reported in its Wednesday edition. The GIC bought the Seoul Finance Center for 355 billion won in 2000, breaking ground for Korea property investment as an institutional investor. The 30-storey building...
South Korea Property
ASIAN debt managers expect real estate developers and companies in China, South Korea and Australia to provide them with the most investment opportunities next year, an industry survey shows. Economic recession, slowing consumer spending and shrinking bank lending indicate a growing number of Asia-Pacific companies will face difficulty refinancing debt next year, according to a survey of 100 hedge fund...