SEOUL, Nov. 6 (Korea Bizwire) — South Korea on Wednesday adopted a scheme to cap presale prices of privately built apartments in its extended efforts to stabilize real estate markets. Seoul revised related laws last month to execute the “presale price cap system” for apartments to be built by private builders amid signs of escalating [...]
SEOUL, Jul. 10 (Korea Bizwire) – In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a [...]
SEOUL, Dec. 26 (Korea Bizwire) — Areas with a higher number of households that pay monthly rent for housing have more schools, while areas with residents who own their homes have more hospitals. In addition, in areas with a high proportion of households living in rented homes, there is a trend towards an increase in [...]