Single-Family Housing Construction in South Korea Market Snapshot to 2014

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					Single-Family Housing Construction in
South Korea: Market Snapshot to 2014

Reference code: WMCN9885MS
Published: May-2010




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Single-Family Housing Construction in South Korea: Market Snapshot to 2014                                    Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 1
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1     SECTOR OVERVIEW ............................................................................................................. 4
2     MARKET DATA ...................................................................................................................... 5
2.1     Market Value 2005-2009 ................................................................................................................................ 5
2.2     Market Segmentation, By Project Type, 2009 ................................................................................................. 6
2.3     Market Value Forecast, 2009-2014 ................................................................................................................. 7
2.4     Future Market Segmentation, By Project Type, 2009-2014 ............................................................................. 8
3     APPENDIX .............................................................................................................................. 9
3.1     Research Methodology ................................................................................................................................... 9
3.2     Definitions ...................................................................................................................................................... 9
      3.2.1     Additional Notes .................................................................................................................................. 10
3.3     About World Market Intelligence ................................................................................................................... 10




Single-Family Housing Construction in South Korea: Market Snapshot to 2014                                                                        Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                          Page 2
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List of Tables

Table 1: Single-Family Housing Construction in South Korea, Market Value - US$ Million, 2005-2009 ........................... 5
Table 2: Single-Family Housing Construction in South Korea, Market Segmentation by Project Type, US$ Million, 2009 6
Table 3: Single-Family Housing Construction in South Korea, Market Forecast - US$ Million, 2009-2014 ...................... 7
Table 4: Single-Family Housing Construction in South Korea, Market Segmentation by Project, US$ Million, 2014 ........ 8


List of Figures

Figure 1: Single-Family Housing Construction in South Korea, Market Value - US$ Million, 2005-2009 .......................... 5
Figure 2: Single-Family Housing Construction in South Korea, Market Segmentation by Project Type, % Share, 2009... 6

Figure 3: Single-Family Housing Construction in South Korea, Market Forecast - US$ Million, 2009-2014 ..................... 7
Figure 4: Single-Family Housing Construction in South Korea, Market Segmentation by Project, % Share, 2014 ........... 8




Single-Family Housing Construction in South Korea: Market Snapshot to 2014                                    Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 3
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1 SECTOR OVERVIEW
Following expansion at a compound annual rate of change of 1.72% between 2005-2009, the single-family housing
construction sector in South Korea reached a value of US$15989.58 million in 2009, which represented an decrease of
8.88% on 2008. The market achieved/observed its strongest performance in 2007 when it expanded by 4.47% and its
weakest performance in 2009, when it fell by 8.88%.

In comparison, the fastest growing construction sector of the residential construction market between 2005-2009 was
residential building redevelopment which achieved a CAGR of 8.59%. The single-family housing construction sector was
the weakest in the residential construction market between 2005-2009 and observed a CARC of 1.72%.

By 2009, the single-family housing accounted for 38.05% of the residential construction. In comparison, residential
building redevelopment represented 40.35% while new multi-family housing generated a further 21.60% of the market's
2009 share.


Looking ahead, the single-family housing market is expected to decline at a CARC of 5.17% between 2009-2014,
reaching a value of US$ 12263.75 million in 2014. This represents total decline of 28.43% since 2005 and 23.30% since
2009.

In comparison, the fastest growing construction sector of the residential construction market between 2009-2014 is
forecast to be residential building redevelopment, which is expected to achieve/observe a CAGR of 0.46%. The new
multi-family housing construction sector is expected to be the weakest in the residential construction market between
2009-2014 and achieve/observe a CARC of 4.45%.

By 2014, the single-family housing is forecast to account for 33.29% of the residential construction. In comparison,
residential building redevelopment is predicted to account for 47.09%, while new multi-family housing is expected to
generate a further 19.62% of the market's 2014 share.




Single-Family Housing Construction in South Korea: Market Snapshot to 2014                                    Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 4
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2 MARKET DATA
2.1 Market Value 2005-2009

Single-family housing sector in South Korea was valued at US$ 15989.58 million in 2009; a decrease of 8.88% in 2008.
The sector achieved a CARC of 1.72%.


Table 1: Single-Family Housing Construction in South Korea, Market Value - US$ Million, 2005-2009

Year                                                                                            US$ Million                                   % Growth
2005                                                                                              17135.85
2006                                                                                              16935.78                                      -1.17%
2007                                                                                              17693.20                                       4.47%
2008                                                                                              17548.54                                      
				
DOCUMENT INFO
Description: WMI's Single-Family Housing Construction in South Korea Market Snapshot to 2014 is the easiest way to find the headline figures for the single-family housing construction sector in South Korea. The report contains historical and forecast market values for the single-family housing construction in South Korea as well as the sectors percentage share of the overall category in which it is classified. Who should buy this report? This report is aimed at those who want just data and figures without analysis. It does not contain the analysis which can be found in our more comprehensive Databook or Market Intelligence reports.
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