KB Kookmin Bank Releases 'KB Office Investment Index'

[Asia Economy Reporter Buaeri] KB Kookmin Bank announced on the 14th that it will release the 'KB Office Investment Index,' which allows understanding of price trends, rental prices, and yield trends in the Seoul office market.

The KB Office Investment Index is calculated based on office buildings located in Seoul and consists of a price index, rental price index, and effective operating yield. In addition to the overall Seoul index, it also provides regional and size-specific indices to grasp detailed office market trends.

In the second quarter of this year, the Seoul office price index recorded 168.67 (based on Q1 2017=100), up 2.29% from the first quarter. The rise has slowed compared to the same period last year due to factors such as interest rate increases.

The rental price index increased by 4.69% compared to the first quarter and 12.59% year-on-year, influenced by rising rents and declining vacancy rates. On the other hand, the effective operating yield is on a downward trend. The yield in the second quarter was 3.11%, down 0.05 percentage points from the first quarter.

Starting with this announcement, KB Kookmin Bank plans to calculate the KB Office Investment Index quarterly through KB Real Estate and release the index after verification by internal experts.

The announcement materials are available to anyone through the ‘KB Statistics’ menu within the KB Real Estate app or website. In particular, it provides the entire time series data and market reports so that users can directly utilize the data.

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