SEOUL, Nov. 17 (Korea Bizwire) — Potential homeowners first look at the architectural plans of the home prior to purchase, a survey showed Tuesday. Fides Development Co. and four other local real estate developers conducted a survey of 1,000 homeowners in the greater Seoul area, 22.9 percent of whom picked ‘architectural plans’ as the most [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major builder in South Korea, said Wednesday that in collaboration with Hyundai Motor Group, it will introduce a ‘Home to Car – Car to Home’ service using built-in sound recognition devices. The service uses Hyundai E&C’s ‘Voice Home’ built-in sound recognition system that [...]
SEOUL, July 16 (Korea Bizwire) – Every weekend, mechanical engineer Choi Jong-eon packs his Sony camera and heads out to take photos of decades-old apartments in Seoul. Choi, 31, is among a growing number of South Koreans looking at the old, often neglected apartments with new perspectives — as a subject worth attention and documentation. [...]
SEOUL, June 23 (Korea Bizwire) — The average sales price of apartments in Seoul has nearly doubled under the Moon Jae-in government, a civic group said Wednesday. The Citizens’ Coalition for Economic Justice announced the results of its study that has tracked the prices of 115,000 units in 75 apartment complexes since President Moon took [...]
SEOUL, June 6 (Korea Bizwire) — Apartment prices in Seoul and its adjacent areas grew more than 1 percent for the fifth straight month in May despite the government’s efforts to stabilize skyrocketing home prices, data showed Sunday. Housing prices in greater Seoul grew 1.21 percent in May from the previous month, compared with a [...]
SEOUL, May 20 (Korea Bizwire) — The spread of contactless transactions following the onset of the coronavirus pandemic is changing the landscape of the market for so called ‘proptech’ firms, those dealing with technology purpose-built for the real estate market. Zigbang Co., South Korea’s top real estate info application, recently introduced a 3D apartment complex [...]
SEOUL, March 3 (Korea Bizwire) — Apartment prices in Seoul have continued to rise under the Moon Jae-in government, except for four months, despite a string of measures to stabilize the market, a civic group survey showed Wednesday. Such a policy failure has sharply widened the gap in the values of assets owned by homeowners [...]
SEOUL, Feb. 26 (Korea Bizwire) — Starting from next year, new apartment developers in South Korea will be required to offer residents electric vehicle (EV) charging stations at 5 percent of the parking spaces in the complex. On Thursday, the government announced plans to set up more EV charging stations at homes and workplaces, taking [...]
SEOUL, Nov. 11 (Korea Bizwire) — Seoul’s apartment prices surged 58 percent during the presidency of Moon Jae-in, which is 4.5 times the increase rate of the combined period of the preceding Lee Myung-bak and Park Geun-hye governments, a civic group said Wednesday. The Citizens’ Coalition for Economic Justice (CCEJ), a leading progressive civic group, [...]
SEOUL, Aug. 3 (Korea Bizwire) — Apartment lease contracts in the South Korean capital of Seoul sank to a nine-year low in July amid tighter rules, municipal data showed Monday. The number of apartment lease contracts, called “jeonse” here, stood at 6,304 in July, the lowest monthly level since data tracking began in 2011, according [...]