Seoul rentals ripe for institutional investors: Nuveen CIO

Foreign institutional investors are increasingly eyeing Seoul’s nascent rental housing market, betting that demographic shifts, rising numbers of single-person households and growing foreign demand will accelerate Korea’s transition away from the traditional "jeonse" system, according to Nuveen. “The vast majority of Seoul’s rental housing stock is still owned by private individuals, with only a small share professionally managed,” Louise Kavanagh, chief investment officer and head of Asia Pacif

By The Korea Herald