Tag: officetel

officetel

Latest News

재사용금지!!A corridor of office-only building in Seogye-dong, Yongsan District, central Seoul, on Aug. 12. Some units of the building were reported to be used for illegal accommodation facilities for foreign tourists.

Illegal lodging operators targeting foreign tourists frustrate residents, office workers

Unlicensed lodging operators in Seoul are using office and mixed-use buildings to skirt regulation, evading detection by making their listings only visible to people with overseas accounts.

2026.8.23

Apartment complexes are seen in Jung District, central Seoul, on Nov. 14. [NEWS1]

Officetel transactions more than double in two weeks following Oct. 15 real estate measures

Officetel transactions in Seoul more than doubled in the two weeks following the Oct. 15 real estate measures. With tighter mortgage regulations making apartment purchases more difficult, demand has shifted to the less regulated officetel market.

2025.11.17

Most popular

Apartments in Songpa District, southern Seoul, seen on March 6 [NEWS1]

Seoul house prices post steepest rise in 6 months, ignite nationwide bump in real estate prices

House prices in Seoul surged in March, recording the steepest rise in six months and driving a nationwide uptick in real-estate prices, according to data released by the Korea Real Estate Board on Tuesday. Last September, it rose by 0.54 percent.

2025.4.15

A victim of a real estate scam breaks down in tears during a press conference last Thursday in Yongsan District, central Seoul, while pleading for a face-to-face meeting with President Yoon Suk Yeol to discuss possible relief measures. [YONHAP]

Rental deposit scammers get prison time

A local court Tuesday sentenced three real estate scammers to five to eight years in prison after finding them accountable for making leveraged bets on apartments using tenants’ long-term deposits.

2023.4.25

Hyundai Engineering & Construction offers the Hillstate Jangan Central, located in central Seoul, for the younger generations [HYUNDAI ENGINEERING & CONSTRUCTION]

Hyundai E&C’s Jangan officetels make ideal homes for the younger generations

Located at Jangan-dong, Dongdaemun-gu in central Seoul, the Hillstate Jangan Central is an officetel building – a building used for both commercial and residential purposes in Korea – consisting of 26 stories with 369 units, including six basement...

2021.4.30

Officetels are now part of the perceived housing bubble as the government's latest real estate measures are deterring investors from buying apartments. [Shutterstock]

FOMO drives investment toward once shunned officetels

Officetels and villas, long the black sheep of the property market, are gaining favor among investors who see them as the last resort for making a killing in the market.

2020.7.14

Tag: officetel

officetel

Latest News

Illegal lodging operators targeting foreign tourists frustrate residents, office workers

Officetel transactions more than double in two weeks following Oct. 15 real estate measures

Most popular

Veteran actors Yoo Hae-jin, Ryu Seung-ryong win Baeksang Grand Prizes — as it happened

BTS comeback: Bright lights and drone shows light up the sky as 'Arirang' finally arrives — as it happened

179 dead after Jeju Air flight 7C2216 crashes at Muan International Airport — as it happened

Kim Soo-hyun addresses Kim Sae-ron relationship — as it happened

Rooney, Maicon, Park Joo-ho score as Shield United wins Icons Match in Seoul — as it happened

Seoul house prices post steepest rise in 6 months, ignite nationwide bump in real estate prices

Rental deposit scammers get prison time

Hyundai E&C’s Jangan officetels make ideal homes for the younger generations

FOMO drives investment toward once shunned officetels