A person takes a photo of apartment buildings in downtown Seoul from a skyscraper on June 13, 2021. (Yonhap)
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s top landlords own more than 20,000 homes, data showed Thursday.
Rep. Kim Hoi-jae of the Democratic Party referred to a Statistics Korea report indicating that the 100 South Koreans with the largest real estate holdings owned a total of 20,689 homes as of 2020.
Jointly owned homes were counted based on the share of ownership.
The homes were worth 2.5 trillion won (US$1.74 billion) based on the posted price.
Each person owned an average of 207 homes worth around 25.2 billion won.
The top 100 real estate holders owned 17,244 homes in 2016, with the number of homes owned increasing by 20 percent since.
During the same four-year period, the total price of the homes jumped by 67.8 percent from 1.5 trillion won, indicating that each person saw his/her real estate holdings jump in value by 10 billion won.
Lina Jang (linajang@koreabizwire.com)
