An analysis of indirect real estate investments in South Korea
Author(s)Park, Cho Hae,S.M.Massachusetts Institute of Technology.
Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.
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Recently the South Korean government announced its comprehensive measure to revitalize the indirect real estate investment market, especially to expand the public offering market to be ten times larger than its current state. The measure can be interpreted as a change of state in the Korean real estate market and an acknowledgment of its need for the vital role of indirect real estate investments. As a low-interest environment continues and the amount of floating money increases, real estate speculation has never been more of an issue, which cannot be solved without changing the investment paradigm. Vitalization of the indirect real estate market can provide individuals alternative ways to invest their money in real estate and redistribute profits generated from real estate investments that are currently driven by few institutional investors. This thesis aims to study the overall indirect real estate investment market in Korea focused on two main vehicles, Real Estate Investment Trusts and Real Estate Funds. The two vehicles will be studied in depth on their history, current market status, behaviors and characteristics to analyze their roles in the market. Analysis will be done on indirect real estate investment vehicles in comparable countries to take away lessons learned and find areas for possible market improvements. Data will be collected from various literatures, journals, statistics from fund assessment companies and investment associations to attempt to find inefficiencies that can be improved in the market.
Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020Cataloged from student-submitted PDF of thesis.Includes bibliographical references (pages 39-40).
DepartmentMassachusetts Institute of Technology. Center for Real Estate
Massachusetts Institute of Technology
Center for Real Estate. Program in Real Estate Development.