{"id":21096,"date":"2016-07-27T18:05:48","date_gmt":"2016-07-27T11:05:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-south-korean-city-is-seeing-an-influx-of-chinese-investments\/"},"modified":"2016-07-27T18:09:28","modified_gmt":"2016-07-27T11:09:28","slug":"this-south-korean-city-is-seeing-an-influx-of-chinese-investments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-south-korean-city-is-seeing-an-influx-of-chinese-investments\/","title":{"rendered":"This South Korean city is seeing an influx of Chinese investments"},"content":{"rendered":"


\nWhere Chinese tourists go, Chinese investors follow
\nNight time in Seoul. Image credit: jareed (Flickr)
\nFirst, it was Jeju Island, now Chinese investors are\u00a0zoning\u00a0in on Seoul.
\nInvestors from China\u00a0scooped up 3,516 plots of land in the South Korean capital in the first quarter of 2016, a two-fold increase from figures in 2013, new data from the Seoul Metropolitan Government (SMG) show, as reported by The Korea Times.
\nMany Chinese investors target properties that show business potential or those in\u00a0locales that have seen plenty of tourist activity. In the first half of this year, Chinese nationals accounted for 22 real estate transactions in Mapo District, a popular tourist spot.
\nThe trend of investing in Seoul properties marks a departure for Chinese investors, who have traditionally targeted real estate in Jeju Island, another tourist favourite.
\n\u201cThe Chinese government had encouraged overseas investment due to a real estate bubble. They first eyed Jeju where they can get permanent residency, but now they are turning their eyes to Seoul seeking investment returns,\u201d Ko Jong-wan, president of the Korea Asset Management Institute, explained to The Korea Times.
\nMore: Asian developers are investing billions in India
\nChinese visitors to South Korea numbered 1.07 million in the first two months of the year alone. The country expects a record total of 8 million Chinese tourists by the end of the year.
\nChinese investors are displaying their purchasing power in residential real estate as well. SMG reported that two Seoul homes, each covering 244.5 square metres, recently sold to a Chinese investor for KRW3.2 billion (USD2.8 million) apiece.
\nSuch willingness to infuse Seoul with vast amounts of foreign capital has sounded an alarm to some experts. If trends continue, the market could follow a precedent set by Vancouver, a market grappling with a housing affordability crisis due to an influx of Asian\u00a0cash.
\nProperty investment outflow from China hit USD34.6 billion in 2015, Juwai reported.
\nRead next: Has China put itself at risk of a real estate bubble?
\n
\nSource : property-report.com
\nRead more…This South Korean city is seeing an influx of Chinese investments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Where Chinese tourists go, Chinese investors follow Night time in Seoul. Image credit: jareed (Flickr)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21096","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5ug","jetpack-related-posts":[{"id":160940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/south-koreas-ban-on-foreign-homebuyers-to-cool-seoul-prices-chinese-spending\/","url_meta":{"origin":21096,"position":0},"title":"South Korea\u2019s ban on foreign homebuyers to cool Seoul prices, Chinese spending","date":"September 14, 2025","format":false,"excerpt":"\r South Korea\u2019s new restrictions on foreign homebuyers are likely to cool housing prices in Seoul and neighbouring cities, according to property agents, following a surge in the number of buyers from mainland China and Hong Kong who bought homes in the middle and high-end segments of the market. Hongkongers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thanks-but-south-korea-only-wants-real-home-buyers\/","url_meta":{"origin":21096,"position":1},"title":"Thanks, but South Korea only wants \u2018real\u2019 home buyers","date":"November 8, 2016","format":false,"excerpt":"\r New property curbs unleashed in Seoul and other cities Pedestrians crossing the street near Gangnam Station in Seoul. 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