Yonhap Infomax NewsSeoul 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.
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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.