South Korea's construction cost index hit a record high of 133.28 in January, marking the fifth consecutive monthly peak since September, as experts warn that rising oil prices from U.S.-Iran tensions could further burden domestic builders already facing cost pressures with sales ratios exceeding 90%.
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[Iran Crisis Check] Construction Costs Hit Record High - 'Immediate Impact on Domestic Builders'
South Korea's construction cost index hit a record high of 133.28 in January, marking the fifth consecutive monthly peak since September, as experts warn that rising oil prices from U.S.-Iran tensions could further burden domestic builders already facing cost pressures with sales ratios exceeding 90%.
Construction Costs Hit Record High for Fourth Consecutive Month—Will This Drive Up Apartment Sale Prices?
South Korea's Construction Cost Index hit record highs for four straight months, raising concerns that soaring costs will soon drive up apartment sale prices nationwide.
Construction Costs Hit Record High Since 2000
The Construction Cost Index in South Korea surged to a record high of 131.66 in September, driven by rising labor and material costs, marking the highest level since data collection began in 2000.
South Korea’s housing construction costs rose for the fifth straight month in August, nearing a record high, as prices for key materials such as concrete and industrial gases climbed, raising concerns over mounting pressures on the construction sector.
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Housing Construction Costs Rise for Fifth Consecutive Month—Approaching All-Time High
South Korea’s housing construction costs rose for the fifth straight month in August, nearing a record high, as prices for key materials such as concrete and industrial gases climbed, raising concerns over mounting pressures on the construction sector.
'Public Rental Housing Needs a Profitable Business Model'
Calls are mounting for a structural overhaul of South Korea’s public rental housing sector, as experts warn that persistent losses and rising debt at Korea Land & Housing Corporation threaten the sustainability of the program.
Housing Construction Costs Rise for Fourth Consecutive Month—Builders Face Mounting Pressure
South Korea's residential construction costs have surged for five straight months, rising nearly 30% since 2020, intensifying financial pressure on builders as material prices climb.
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