sales price cap Archives | Be Korea-savvy
S. Korea to Adopt Price Ceiling on Privately Built Flats

S. Korea to Adopt Price Ceiling on Privately Built Flats

SEOUL, Aug. 12 (Korea Bizwire) – South Korea will adopt a controversial scheme to cap presale prices of privately built apartments in extended efforts to stabilize real estate markets, the land ministry said Monday. The ministry said the government plans to revise related laws by early October to fully prepare for the adoption of the “presale price [...]

Seoul Eyes Price Ceiling on Privately Built New Apartments to Curb Housing Prices

Seoul Eyes Price Ceiling on Privately Built New Apartments to Curb Housing Prices

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 [...]