This Year, Four National Factory and Warehouse Transactions Exceeding 100 Billion Won... Major Deals Increase Year-on-Year

1. 1.1428 Trillion Won in Transactions Last Month
2. Seongsu-dong Logistics Center Sold for 153 Billion Won

From January of this year through last month, there were four major transactions, each exceeding 100 billion won, in the national factory and warehouse market. Compared to the previous year, when there were no large-scale deals, both the number and total value of major transactions have increased significantly.

According to an analysis by R Square Analytics, an analytics division of the commercial real estate comprehensive service company R Square, which examined actual transaction data from the Ministry of Land, Infrastructure and Transport, the total value of nationwide factory and warehouse deals last month reached 1.1428 trillion won, with 260 transactions recorded.

Compared to the previous month of April (1.391 trillion won and 361 transactions), the total value of transactions fell by 17.8%, and the number of transactions decreased by 28.0%, respectively. However, if we look at the average transaction value per deal, the figure, which was about 3.805 billion won in April, rose to 4.39 billion won last month, marking a 14.1% increase.

From January to May of this year, there were a total of four large-scale transactions exceeding 100 billion won. Last month, a logistics center located in Seongsu-dong, Seongdong-gu was sold for approximately 153 billion won, marking the largest transaction for the month. In January, the Arena Se Yeongjong Logistics Center in Incheon was sold for 432 billion won. In April, there were two major transactions in a single month: a factory in Mullae-dong 3-ga, Yeongdeungpo-gu, Seoul, went for about 357 billion won, and a warehouse facility in Dongcheon-dong, Suji-gu, Yongin-si, Gyeonggi Province, was sold for around 102.2 billion won.

This presents a sharp contrast to last year, when there were no large-scale transactions exceeding 100 billion won. However, in the second half of last year, Logis Valley Ansan was sold for 512.3 billion won in November, and Cheongna Logistics was transacted for 1.03 trillion won in December, with large-scale deals following one after another during that period. An official from R Square interpreted these results as indicating that, rather than a disappearance of major transactions, there was significant fluctuation depending on the timing of transactions.

The R Square Research Center stated, "In the national factory and warehouse market last month, the overall scale has been maintained even as the number of transactions declined," and added, "Whether similar patterns repeat in the future will be the key criterion for market judgment."

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