Quarterly transaction volume rose 6% year-on-year.

• Project 107 Office (Cho-dong 107-1) in Euljiro was completed in January 2025, adding new supply to Seoul’s CBD.
• Prime office vacancy rate edged down 0.1%p to 3.4%, with vacancy rising in CBD and GBD but falling in YBD. Total net absorption was recorded at 3,700 sqm.
• In Q1, 34% of new take-up was attributed to flight-toquality relocation activities from secondary to prime office property, followed by 32% from new leases.
• Quarterly office transaction volume reached approximately KRW 2.7 trillion in Q1, up 6% year-on-year. With a large pipeline of assets currently on the market, transaction activity is expected to remain robust.