Busanjin-gu, the only unsold housing management area in Busan, faces a surge in unsold apartments, but the relocation of the Ministry of Oceans and Fisheries and new redevelopment projects are expected to boost demand and potentially resolve the oversupply.
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Busanjin-gu, the Only Unsold Housing Management Area in Busan—Will Relocation of the Ministry of Oceans and Fisheries Ease the Glut?
Busanjin-gu, the only unsold housing management area in Busan, faces a surge in unsold apartments, but the relocation of the Ministry of Oceans and Fisheries and new redevelopment projects are expected to boost demand and potentially resolve the oversupply.
Unsold Housing Inventory Remains High, but Number of Designated Oversupply Management Areas Plummets—System Flaws Exposed
South Korea’s HUG sharply reduced the number of unsold housing management areas to just one in August, despite persistent high inventories, exposing flaws in the system’s criteria and prompting calls for reform.
South Korea's initial pre-sale rate for private apartments fell sharply to 64.1% in Q2, with regional rates dropping below 50% for the first time in two years, raising concerns over a renewed increase in unsold housing inventory, especially outside the Seoul metropolitan area.
#YonhapInfomax #PreSaleRate #UnsoldHousing #HousingAndUrbanGuaranteeCorporation #RegionalApartments #SouthKoreaRealEstate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=75383
Regional Apartment Pre-Sale Rate Falls Below 50%—Lowest in Two Years
South Korea's initial pre-sale rate for private apartments fell sharply to 64.1% in Q2, with regional rates dropping below 50% for the first time in two years, raising concerns over a renewed increase in unsold housing inventory, especially outside the Seoul metropolitan area.
LH approved the purchase of only 733 out of 3,536 unsold housing units submitted for review, reflecting a 20% approval rate amid government efforts to support regional construction markets.
#YonhapInfomax #LH #UnsoldHousing #ApprovalRate #GovernmentPolicy #733Units #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=71966South Korea maintained five unsold housing management areas in July, with Gangneung City designated for a second month, as nationwide unsold units fell 1.6% but post-completion inventory continued to rise for the 22nd straight month.
#YonhapInfomax #UnsoldHousing #HousingAndUrbanGuaranteeCorporation #GangneungCity #ProjectFinancing #InventoryTrends #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=71097
Number of Unsold Housing Management Areas Remains at Five—Gangneung City Designated for Second Consecutive Month
South Korea maintained five unsold housing management areas in July, with Gangneung City designated for a second month, as nationwide unsold units fell 1.6% but post-completion inventory continued to rise for the 22nd straight month.
April Home Sales Rise Year-on-Year as Unsold Housing Inventory Declines
South Korea’s April home sales rose 12.4% year-on-year, led by a surge in Seoul’s Gangnam district, while nationwide unsold housing inventory declined for the month.
JB Asset Management Begins Purchasing Unsold Housing Units... Plans to Acquire 2,000 Units Through CR REITs
JB Asset Management launches CR REITs to purchase 2,000 unsold housing units, starting with 288 apartments in Daegu, as part of government measures to address regional housing market issues.
Housing Transactions Increase in March, Surge in Seoul and Metropolitan Area
Housing transactions surge in Seoul and metropolitan area in March, while nationwide unsold housing decreases but 'problematic unsold units' continue to rise for 20 consecutive months.
HUG faces criticism for demanding joint guarantees while claiming to increase mortgage guarantee limits to resolve unsold provincial housing, raising concerns about policy effectiveness and double standards.
#YonhapInfomax #HUG #MortgageGuarantee #UnsoldHousing #CRREITs #JointGuarantee #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=55069
HUG's Double Standard Controversy - Demanding Joint Guarantees While Claiming to Help Resolve Unsold Provincial Housing
HUG faces criticism for demanding joint guarantees while claiming to increase mortgage guarantee limits to resolve unsold provincial housing, raising concerns about policy effectiveness and double standards.
LH to Accept Applications for 3,000 Unsold Provincial Housing Units from Next Month
LH to purchase 3,000 unsold provincial housing units, offering 'Conversion-type Secure Jeonse' option for affordable homeownership
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