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"11 Billion Won Commercial Building Sold for 5.3 Billion Won"… 'Dark Shadow' Over Office and Commercial Property Auctions

Summary by asiae.co.kr
Last month, 695 office and commercial properties in Gwangju and Jeonnam were put up for auction, but fewer than 100 were successfully bid on. Bidding demand was so low that the average number of bidders was less than two.
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Last month, 695 office and commercial properties in Gwangju and Jeonnam were put up for auction, but fewer than 100 were successfully bid on. Bidding demand was so low that the average number of bidders was less than two.

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asiae.co.kr broke the news on Tuesday, September 15, 2026.
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