Apartment Price Trends Shift from Last Year—Yongin Suji Leads, Followed by Bundang, Dongjak, and Anyang
Apartment prices in Seoul and the metropolitan area are rising fastest in Yongin Suji, Bundang, Dongjak, and Anyang, as buyers shift to large complexes with strong transport links amid tighter lending rules.
Seoul Apartment Occupancy Rate Rises to 87.8% in September, Up 1 Percentage Point in a Month
Seoul's apartment occupancy rate rose to 87.8% in September, up 1 percentage point from August, with nationwide rates and outlooks also improving amid robust demand and policy-driven lending constraints.
South Korea's housing business sentiment index fell to 75 in September, with non-metropolitan markets driving the decline, while Seoul showed signs of stabilization as government support and lower rates are anticipated to aid the sector.
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Housing Business Sentiment Deteriorates Sharply Nationwide in September
South Korea's housing business sentiment index fell to 75 in September, with non-metropolitan markets driving the decline, while Seoul showed signs of stabilization as government support and lower rates are anticipated to aid the sector.
Seoul's apartment occupancy rate slipped to 86.8% in August, down 2.3 percentage points from July, as stricter lending rules weighed on the market, though September outlooks have improved amid supply constraints and selective price gains.
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Seoul Apartment Occupancy Rate Falls to 86.8% in August—Down 2.3 Percentage Points in One Month
Seoul's apartment occupancy rate slipped to 86.8% in August, down 2.3 percentage points from July, as stricter lending rules weighed on the market, though September outlooks have improved amid supply constraints and selective price gains.
Household Loans at South Korea’s Top 5 Banks Rise by 3.9 Trillion Won in August—Further Lending Curbs Under Watch
South Korea’s top five banks saw household loans rise by 3.9 trillion won in August, with mortgage growth slowing after new lending curbs, while authorities consider further regulatory measures.
Im Kwang-hyun Vows Crackdown on Tax Evasion Amid Parental Cash Gifts Triggered by Lending Curbs
Im Kwang-hyun, nominee for National Tax Service chief, pledged strict action against tax evasion as parental cash gifts rise amid South Korea's real estate lending curbs.
The Bank of Korea is pushing to secure authority over macroprudential policy tools, arguing for stronger control over lending regulations to align with monetary policy and prevent financial instability, as the government considers a regulatory overhaul.
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Vice Finance Minister - 'Regulations Eased During Rate Hikes Must Return as Interest Rates Fall' in June 27 Measures
South Korea's acting finance minister said new lending curbs are necessary as household debt surges and excess demand persists in the housing market, signaling a policy shift as interest rates head lower.
Jin Sung-joon of the Democratic Party blamed the Yoon administration’s relaxed lending and housing support policies for Seoul’s surging home prices, urging immediate normalization of lending practices amid rising household debt and growing speculative investment.
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