High-rise officetels see transaction volume double compared to last year
9 Billion+ Transactions in Jan-Feb Up 96.8%
Increase in Actual Demand Amid Stronger Apartment Regulations
[Asia Economy Reporter Ryu Tae-min] As regulations on residential real estate such as mortgage loans and comprehensive real estate taxes have been strengthened, interest in officetels, which are relatively free from regulations, is increasing. In particular, demand for high-priced officetels with large areas that can replace apartments has risen, resulting in a significant increase in the transaction volume of officetels priced over 900 million KRW.
According to an analysis of data from the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure system by the Commercial Information Research Institute on the 23rd, the nationwide transaction volume of officetels priced over 900 million KRW in January and February this year was 124 cases (as of March 22). This is about double (96.8%) the 63 cases recorded during the same period last year, marking the highest figure since officetel transaction statistics began in 2006.
The regions where officetels priced over 900 million KRW were traded during January and February were Seoul, Gyeonggi, and Busan. Among these, Gyeonggi Province had the highest number of transactions with 61 cases, followed by Seoul with 45 cases, and Busan with 18 cases.
However, the yield on officetels showed a slight decrease. According to data from the Korea Real Estate Board, the yield on officetels in the Busan area in February decreased by 1.04 percentage points compared to the same month last year. Gyeonggi followed with a decrease of 0.56 percentage points, and Seoul decreased by 0.5 percentage points.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "Hancom Breaks Away from Its 36-Year Mission and Formula for Success" (Comprehensive)
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Experts explain that despite the decrease in yields, the increase in transaction volume is due to a rise in actual residence demand. Cho Hyun-taek, a researcher at the Commercial Information Research Institute, said, “As regulations on high-priced housing loans have been strengthened, interest in high-priced officetels, which are relatively free from loan regulations, is increasing. Unlike in the past when officetels were investment products for rental income, they are now often used for actual residence purposes, diversifying the demand base.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
