Chairman Park Hyeon-joo “Be careful about real estate… Attention to the data and logistics center”

Input 2021.02.03 17:39

Mirae Asset Group Chairman Park Hyun-joo said on the 3rd, “It is time to distribute funds focused on real estate rather than just optimistically looking at the real estate market.” Said.

Chairman Park pointed out the domestic and foreign real estate market through a video released on the Mirae Asset Daewoo YouTube channel’Smart Money’ this afternoon. He advised to pay attention to products that contain data centers and distribution centers among REITs. As of last year, the share of real estate in domestic households was 79%.

Chairman Park said, “Because of the low interest rate, real estate prices at home and abroad have increased a lot.” Shin Dong-cheol, head of the overseas investment division of Mirae Asset Daewoo, who appeared on the same day diagnosed, “In particular, real estate in Korea is increasing at a rate that is nearly three times that of overseas.”

Shin said, “Overseas investments are already changing from office assets to distribution centers and data centers. Looking at the REITs market, the returns for office and retail center assets are low, and data center and logistics center assets are priced at more than 20%. It went up” he added. According to Mirae Asset Daewoo, data centers and distribution centers are assets that institutional investors pay attention to.

Chairman Park was concerned about the imbalance centered on Seoul in relation to domestic real estate. He said, “How can we achieve balanced real estate development when there are many hospitals and cultural facilities, including good universities in Seoul?” “We need to resolve the imbalance of land by building foreign schools and hospitals on the east and south coasts.” Insisted.

He said about the government’s real estate policy, “Like Mapo and Yongsan, we have to build a lot of rental apartments of 15-20 pyeong in the center of Seoul.”

Chairman Park cited China as a promising market among overseas real estate markets. “I think Chinese cities are still cheap,” he said. “The price of houses in China, the world’s number one purchasing power, is the same as that of Korean houses.”

Chairman Park said, “Since urbanization has not progressed much in China, it is still too early to discuss the bubble,” he said. .