In Korea real estates, especially residential estates are very important to the people and to the nation also, and from now on the turbulence of real estate will increase than ever before with that of economic, political and social environment. In thi...
In Korea real estates, especially residential estates are very important to the people and to the nation also, and from now on the turbulence of real estate will increase than ever before with that of economic, political and social environment. In this context this study marketing techniques are suggested as a strategical alternative to promote unsold residential properties. Three basic strategies and four marketin-mix strategies are identified.
Three basic strategies are Reaction to market change, Long and mid-range sales plan, and cultivation of personnel.
Four marketing-mix strategies are identified. Product strategy, price strategy, communication strategy and government politics/institution strategies.
To these times real estate market was reigned by suppliers, but the hegemony of the market is moving to demanders. This is connected to the change of real estate development process, a change from hardware-oriented to software-oriented. The theme of this study is to remind the developers that more concern is necessary to marketing than ever before and more elaborated marketing techniques are needed.