SEOUL, Sept. 17 (Korea Bizwire) — Hwang Jae-min checks out his smartphone apps several times a day to search for new homes up for sale so he can move to another house. When the 41-year-old bought a three-room flat in Yongin, a satellite city south of Seoul, six years ago, he called several real estate [...]
JEJU, Apr. 23 (Korea Bizwire) — Construction companies are facing the consequences of the decline in the real estate market on Jeju Island, as an increasing number of houses are sitting empty without buyers. Jeju Province announced on Monday that as many as 1,271 residences were left unsold this year. The number of unsold homes [...]
SEOUL, Dec. 26 (Korea Bizwire) — Real estate experts forecast a market downturn throughout the country next year, although some see a chance of an increase in prices in the capital area, a survey showed Wednesday. According to a report from KB Financial Group’s research institute, 70.5 percent of 112 people specialized in the property [...]
SEOUL, Nov. 4 (Korea Bizwire) — The price gap between South Korea’s most expensive apartments and its cheapest ones widened to a more-than-seven-year high last month amid an overheated urban real estate market, industry data showed Sunday. According to the data compiled by Kookmin Bank, apartment prices in the top 20 percent group reached an [...]
SEOUL, Sept. 21 (Korea Bizwire) — The South Korean government will supply 300,000 public homes starting in 2021 in a move to stabilize the overheated real estate market, the land ministry said Friday. The government will complete the purchase of properties needed to build the public houses in Seoul, Incheon and Gyeonggi Province by the [...]
SEJONG, Jan. 31 (Korea Bizwire) – South Korea’s finance ministry said Wednesday it will push for a two-track real estate policy to deal with the spike in housing prices in the affluent areas of Seoul and withering markets in other parts of the nation. The Ministry of Strategy and Finance said it will keep a close watch on the real estate market, as apartment prices in [...]
SEOUL, June 20 (Korea Bizwire) – Asian investors including those from Hong Kong are increasing their possession of Japanese real estates. Even then, many visit to Japan not for tourism purposes but for checking the sites for themselves. Amidst the increasing perception that the Japanese real estate market is relatively undervalued, the weakening yen adds [...]