SEOUL, Jan. 21 (Korea Bizwire) — Public voices are growing in support of a ‘post-construction sale system’ after fraudulent construction was pointed out as the cause of the partial apartment building collapse in Gwangju last week. Major online real estate communities have recently been flooded with a large number of comments supporting the introduction of [...]
SEOUL, Jan. 19 (Korea Bizwire) — HDC Hyundai Development Co.’s apartment brand ‘IPark’ is facing rising safety concerns following the recent collapse of an apartment building. On Jan. 11, the facade on a 39-story apartment building crumbled to the ground at its construction site in Gwangju, about 330 kilometers southwest of Seoul, killing at least [...]
SEOUL, Jan. 13 (Korea Bizwire) — There is a significant buzz around art in the construction industry on the back of the gentrification of apartment complexes. In collaboration with the artwork platform ‘Open Gallery,’ construction company Hyundai Engineering Co. developed an artwork subscription service for the communal areas of apartments last month. This service allows [...]
SEOUL, Dec. 17 (Korea Bizwire) — Conflicts are flaring up over new apartment complexes that are being built within the cultural heritage conservation area around a site of royal tombs from the Joseon Dynasty in Gimpo, west of Seoul. The Cultural Heritage Administration (CHA) issued a work suspension order for the construction of the apartment [...]
SEOUL, Dec. 3 (Korea Bizwire) — New home permits in South Korea surged more than 24 percent in the first 10 months of the year amid high housing prices, government data showed Friday. Construction permits issued for new homes came to 405,704 units in the January-October period, up 24.4 percent from a year ago, according [...]
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 [...]