Subject
- #Real Estate Intrinsic Value
- #Government Real Estate Policies
- #Real Estate Transaction Trends
- #Exporting Powerhouse
- #Real Estate Market Outlook
Summary of Key Points from CEO Lee Sang-woo
Lecture Topic: What Should We Do Now?
- Transactions are severely sluggish, and oil prices, exchange rates, and trade balance are unfavorable.
South Korea is one of the top three exporting nations, and export-oriented companies are expected to perform well.
- What is the intrinsic value of real estate?
Intrinsic value = Land price + Jeonse price
Gangnam land prices are around 150 million won per pyeong * land share + Jeonse price
Past governments have significantly inflated land prices, and the pace remains rapid.
- Landowners have strong financial standing, so they are unlikely to sell their land due to rising interest rates.
- Even during the COVID-19 pandemic, commercial properties experienced high vacancy rates but saw limited listings.
- It seemed like the atmosphere would change after Chuseok (my personal opinion).
- The indicators for a changing market were the resumption of transactions for 900 million to 1.2 billion won homes and a construction competition rate exceeding 1:1 in Daegu.
- When analyzing the market, he primarily focuses on the trend in demand, using income growth as a key metric.
- From a real estate cycle perspective, where are we now? Ideally, we should be in the bottom of the 7th inning, but it's like we've been pushed back to the 4th inning. Time continues to pass, and when the time for redevelopment apartments arrives, we might even return to the 2nd inning. It's just the beginning. (Definitely a bull market proponent)
Summary of Key Points from CEO Lee Sang-woo
Lecture Topic: What Should We Do Now?
- Transactions are severely sluggish, and oil prices, exchange rates, and trade balance are unfavorable.
South Korea is one of the top three exporting nations, and export-oriented companies are expected to perform well.
- What is the intrinsic value of real estate?
Intrinsic value = Land price + Jeonse price
Gangnam land prices are around 150 million won per pyeong * land share + Jeonse price
Past governments have significantly inflated land prices, and the pace remains rapid.
- Landowners have strong financial standing, so they are unlikely to sell their land due to rising interest rates.
- Even during the COVID-19 pandemic, commercial properties experienced high vacancy rates but saw limited listings.
- It seemed like the atmosphere would change after Chuseok (my personal opinion).
- The indicators for a changing market were the resumption of transactions for 900 million to 1.2 billion won homes and a construction competition rate exceeding 1:1 in Daegu.
- When analyzing the market, he primarily focuses on the trend in demand, using income growth as a key metric.
- From a real estate cycle perspective, where are we now? Ideally, we should be in the bottom of the 7th inning, but it's like we've been pushed back to the 4th inning. Time continues to pass, and when the time for redevelopment apartments arrives, we might even return to the 2nd inning. It's just the beginning. (Definitely a bull market proponent)
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