real estate Archives | Be Korea-savvy
S. Korea to Further Tighten Property Rules, Expand Regulated Areas to Curb Rising Home Prices

S. Korea to Further Tighten Property Rules, Expand Regulated Areas to Curb Rising Home Prices

SEOUL, June 17 (Korea Bizwire) — South Korea said Wednesday that it will further tighten lending rules and designate more areas subject to tighter regulations in an effort to stem a further rise in housing prices. The government rolled out its toughest measures yet to stem rising housing prices in greater Seoul and some unregulated [...]

Gov’t Moves to Convert Commercial Real Estate into Public Housing

Gov’t Moves to Convert Commercial Real Estate into Public Housing

SEOUL, May 7 (Korea Bizwire) — A plan will be implemented to renovate empty offices or shops in downtown Seoul and supply them to single-person households, including car-free youth. Announcing measures to supply housing in the metropolitan area Wednesday, the Ministry of Land, Infrastructure and Transport proposed a solution to renovate empty offices and shops [...]

Wealthy S. Koreans Moving Away from Real Estate Investments

Wealthy S. Koreans Moving Away from Real Estate Investments

SEOUL, April 3 (Korea Bizwire) — The portion of real estate investments by wealthy Koreans with more than 1 billion won (US$814,800) in financial assets has decreased over the past six years, according to a recent report. The preference of index-linked products, which have been considered the most sought-after financial instruments by the rich, also [...]

CUHK Business School Research Finds Purchase Restrictions Ineffective in Cooling Real Estate Markets in China

CUHK Business School Research Finds Purchase Restrictions Ineffective in Cooling Real Estate Markets in China

HONG KONG, CHINA, March 13 (Korea Bizwire) – Real estate is a key driver of the Chinese economy, and a popular choice of investment among the country’s consumers. The huge demand for real estate has contributed to a consistent rise in property prices in China in recent years. The latest National Bureau of Statistics data shows [...]