RSquare Surpasses 6 Trillion Won in Cumulative Commercial Real Estate Transactions

RSquare Achieves 2 Trillion KRW in Real Estate Transactions and 1,000 Contracts in 2021

Transaction Volume Doubled in the Past Two Years, Increased Fivefold Compared to 2017

Logistics and Retail Brokerage, Acquisition and Disposal, Data Analytics, and Overseas Business Progressing Smoothly

[Asia Economy Reporter Kim Min-young] RSquare's cumulative commercial real estate transaction volume has surpassed 6 trillion KRW.

RSquare, a commercial real estate data company, announced on the 7th that the total transaction volume of offices, retail, logistics centers, and other real estate brokered over the past five years has exceeded 6 trillion KRW. The total connected real estate area during this period is 1.35 million square meters, which is about half the size of Yeouido, Seoul (2.9 million m2).

In 2021, RSquare connected over 1,000 real estate brokerage contracts, achieving a transaction volume of 2 trillion KRW. This is double the amount in 2019 (1 trillion KRW) and approximately five times the 2017 transaction volume (426 billion KRW).

RSquare is expanding its scope through logistics center and retail brokerage, land and building acquisition and disposal, data analytics, and global businesses in countries such as Vietnam and Singapore. The company serves 26,000 clients and achieved order performance exceeding 120 billion KRW last year.

RSquare is participating in the ‘Star Lake City’ new town development project in Hanoi, Vietnam, led by Daewoo Construction. RSquare Vietnam, the company’s Vietnamese subsidiary, is currently negotiating contracts with numerous global companies.

Additionally, logistics center and retail brokerage are expanding based on differentiated data produced and secured through comprehensive surveys. In terms of acquisition and disposal, RSquare successfully advised on major deals such as the Daejeon Say Department Store Tanbang branch.

An RSquare representative stated, "Based on 150,000 deep and unique real estate data points secured through comprehensive surveys, we plan to actively promote office, hotel, hospital, logistics center and retail brokerage, land and building acquisition and disposal, data analytics, and global business."

The transaction volume includes the commercial real estate deposit amounts connected by RSquare. For monthly rent properties, the converted deposit price was calculated by dividing the annual rent by the monthly rent conversion rate and adding the deposit.

This content was produced with the assistance of AI translation services.