2023年韩国投资者意向调查报告英文版

CBRE REPORT CBRERESEARCH APRIL2023 2023KoreaInvestor IntentionsSurvey IntelligentInvestment 2023A:i*,~ili:l*ttiluI:Ett*<u'eetll: Executive Summary GoRE's2ry23AslaPaciflcInvostorIntentiansSurvoywasconductedfromNovember 3,2023,lcCecembcr2,2023.ancalelalef20'ospcecswore1cccivdfrorm<orca- basedinvestors. Th'sreportanalysesthesu'veyresponsesgivenbyKorea-based'nvestorswhcwere ThcsuIvcyuricovoiccwoakornulbuvinginlenlionsanursgKoroe-besccirvcslors gmnidthuawardinterestrstecycleandslcwergconomicgrcwth.wichthe'mnbalarce inpricee>pectationsetveensellersandbuyersinKoreaexpectedtoccntinuethis vesr,CBlEpxpectsinvestorstoadoptawaitndseestsnce.Cnmmerc.islreslestate InvestmentvolumeIstrereforeforcesstexltocoelinetrisvearcomparedto2022. CorosLicandforcgriinvcslors'in.oicstinKoroencorni'ricrcial'calcsleremains strong,cBREaxpectspuirc=singactivitytograduallyrecoveroncetightmonetary policybeginstcease,whichwilllikelyleadoanircreaseininvestmentactiv'tyinthe secondhalfnthevear. IE'TLOA ManagingDiector Krmi sskedaralngeofcuestionsrestectotheirbuyingntentinns,Ferceivedchallengjesandpreferredstrstegics:scctorsandmarkectsforthccomingycar. Neant:hni IlegdolCaritalkekels. Kcre CJK_R_SLAKCI8-223C35CIN: CBRE 2o23AsiaPacificInvestorIntentionsSurvey-KoreaResults InvestorBuyingantlSellingIntentions PrelerredstralegiesanclSeclors Top10Citicsfor Sellingintentionsweakestsince2020 Opportnsticisthemoetattraetivcinvcstmcot stratov.wallodebtstratelosanccllstroseod Cross-BorrlerInvestment Koreainvestmentsentiment assets/NP_sgaintraction 1%, 50': 20% Csrc ,Err:lus 10Tokyo 1. Shanghai8Senul 1u1%; 103 5HongKongSAR 9 LsreaelreNF 20% Cr.trr.gr.. 7 Murribai Hanoi 1:11, 2323202120222520 ISellmcreEJymcreNetbuyirinte1tio1s Top3sectorsforinvestment #3 HhYY HochiMinhCity Singapore7. oHicr1rl.istr;:Feslktlal ntriamlwta.ikimrrr torealestatetoincreaseorremainstable Topalternatlvesectorsforinvestment Investors'topconcerns #1#2 Tarmmlrifntrhait 2cp1:3arefarredciti55 Sydney ARII.,4.O5.11RE,[51.2O 3:Hirgherzikirgtiarin2/22Melbourne .'H"rcp*u*dh***cI,r+/w:H:iwa*shI*m,-*rh*Frrts-llJar*-**w-A'rclrmm-t'wa*h*rw*sdst"r.r+--s*"atsP+k-l**pr.*A*dw"ntetd-ang*-*lacx*.*lean--+rsn.A's'dh*cksn 2023*.-*ili:lh*est*ItltuI:Et*t+-Kure.relt: Otherkeyfindings: WhileKoreannvestorscontlinutoclsplayatrongerintentlonsta buytharisell.theprcportionotKoreanrespondentsinitendinigto urchgsemcrerealestetethivearslgniflica*tlycclincfrcnlast  Borrov.lingcostswllweghnavilyo*InvestmentactrvtyIn2U23. CBREtcrecastsKeaconicrcialcalestateiniviestncntvcvirici H12023tofalltothelowestlev=inthepastfiveyears. Contents Mos:Korcarii"vcstorsrlanicdshittsincrcditavailabilityaricloart termsswellasthmsmatclinoricingexpectgtionsgsthetop  otstaclesoivuslinentthisyuof. Aslcaninterastrgtesarehigherthanreturnsonrealstate,interest ra.csuckinl3clivilyI*founrueloslalede:Linvuslinunlwil 01InvestorBuyingandSellingIntentions 02PreferredInvestmentStrategies andSectors Cecomemoreprominentinchecomingmonths.  03InvestmentDestinationsin2023 QfficcsrcrnuinLhe1lxslpiuluircdsuuluruiriurigKoluunirrvuslols, Iwhilepreferenceforogisticshasdecreased.Thegapinpraference bolwnuntrelwtserlcrswinleneilcomparedtoasilvoan.04EsGandCommercialRealEstate Mlore<crea-investorsexpecttoseepricedisccunts=crosssectors tungartdleleotyr.Honvsr,thodeguu:n'ricuacljuslnantwill depsnconassetocat'onandspecifications. Investment 05StrategiesforInvestors Allhoughthc[uporlionofKorginvtslerswhnplenoasloplFsG criteriainallinvestmentd=cisionsvassmallerthanchatfc-Asis Pacife,theyxpe:ttnaymneforFsc-rertifiedassets.  06RespondentProfile UJK_R_SLAKCI *+2SSC3RCIN: 01 InvestorBuyingandSelling Intentions Koreaninvestorsdisplay weakestbuyingintentions 2023A:i*,~ili:lt*e*t*iluI:Et*t*<u'eeatll: Flgure1;PurchasingandselllngIntentlonsbyInvestororlgln Sellmore aJDAne 2023 2022 natbuying netburying intentions Intentions Dveral 73%: 223 Internaticnsl 0% 34% Japsn 25% 29% AleLraia 19% 27% MainlandChina -5% 5% Sing=pc'e -9% 322 HongKcngSAR -13%. 36 75% 50% 25% 0% 25% 50% xS2 ul:2C25Asia=zcii:Irvestb-IntentiensSJrLy,CDREFxesech.April2023 33% 20% Korea Risinginzerestratesdrndworriesof=glob=leccnornicslcwdownsaw AsiaP=cificinvestorsdisplaytheirweakestnetbuyingirtentionssince 2019.wichmairlandchins,SingaporeandHongKoncallregisteringa higherproxortlcnatinuostorsIntendingtasellratherthanhuv,net  buyingin.onlionsfortheiegion1weroncgalivethisvoar. Koreaninvestorscontinuetcdisplaystrongerincentionstusuyracher chansell.While=round35%ofKoreanrespondents'ntendtopurcasemgrereslestate:hisvear,thismsrkedasignficantcianlinefromlast ycar's57x,4Q%,of<oro9Invastorsintoadtoroduccthcirourchassn 2023,a30%pincroescfrcms.yoar.  Thepropcrtionotinvestorsplanningtodisposeotrncreassaesth'syesrstcodat15%,as'milarlevelto2022andthelowesttigJreaTongmajorAsiaPec.ific.narkets.Ahout.o%ofrespnndentsstatedtheyhaveno Iatertontoselorrxluctheirscllinactvly,dou>lelastvear'stotal  KoicaninvosLors'wai.-anid-sccapproachanclong--oimholcingcr ass