Seoul housing starts surged 239% year-on-year in February to 3,031 units with strong presale activity, but completions fell 25.4% to 1,703 units, raising concerns over persistent supply shortages as building permits also declined 46.5% from last year.
#YonhapInfomax #SeoulHousingStarts #HousingCompletions #SupplyShortage #MetropolitanAreaPresales #BuildingPermits #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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Seoul Housing Starts Surge in February, But Completions Slump 25.4% YoY

Seoul housing starts surged 239% year-on-year in February to 3,031 units with strong presale activity, but completions fell 25.4% to 1,703 units, raising concerns over persistent supply shortages as building permits also declined 46.5% from last year.

Yonhap Infomax
Take a look at our new research article published by Rob Kitchin (@robkitchin.bsky.social) on data debates in urban development. doi.org/10.1080/1753... #DataDebates #HousingData #Vacancy #HousingCompletions #DataPolitics #DataQuality