South Korea's February home sales rose 14% year-on-year to 57,785 units, driven by non-Gangnam areas, while Seoul's affluent Gangnam Big Four districts saw transactions decline 1.6% amid shifting market dynamics favoring northern Seoul neighborhoods.
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February Nationwide Home Sales Rise Year-on-Year, But Gangnam's Big Four Districts Contract
South Korea's February home sales rose 14% year-on-year to 57,785 units, driven by non-Gangnam areas, while Seoul's affluent Gangnam Big Four districts saw transactions decline 1.6% amid shifting market dynamics favoring northern Seoul neighborhoods.
Seoul Apartment Sales Plunge 60% in November—Greater Seoul Down 30%
Seoul apartment sales plummeted over 60% in November, with the broader metropolitan area down 30%, while rental transactions rose and housing supply indicators showed mixed trends, according to government data.
Korea Investors Service downgraded POSCO E&C’s rating outlook to ‘Negative’ amid mounting losses from safety incidents and unsold inventory, signaling heightened financial risk for the construction unit of POSCO Holdings.
#YonhapInfomax #POSCOEC #KoreaInvestorsService #CreditRating #OperatingLoss #UnsoldInventory #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97277
Seoul Metropolitan Area Apartment Pre-Sale Rate Falls for Third Consecutive Quarter—Concerns Rise Over Growing Unsold Inventory
The initial pre-sale rate for private apartments in the Seoul metropolitan area fell for a third straight quarter, raising concerns over rising unsold inventory as pre-sale prices climb and market sentiment weakens.
Housing supply indicators in the Seoul metropolitan area diverged in September, with permits, starts, and pre-sales rising sharply, while completions and unsold inventory showed mixed trends, according to the Ministry of Land, Infrastructure and Transport.
#YonhapInfomax #HousingPermits #SeoulMetropolitanArea #UnsoldInventory #HousingStarts #PreSales #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=88442
Housing Permits, Starts, and Pre-Sales Rise in Greater Seoul in September, While Completions Decline
Housing supply indicators in the Seoul metropolitan area diverged in September, with permits, starts, and pre-sales rising sharply, while completions and unsold inventory showed mixed trends, according to the Ministry of Land, Infrastructure and Transport.
May Apartment Sales Outlook Index Rises to 93.3 - Up 9.3p on Interest Rate Cut and Election Expectations
May apartment sales outlook index rises to 93.3, up 9.3 points, driven by interest rate cut expectations and political optimism, despite regional variations and unsold inventory concerns
Housing Industry Welcomes Government's Regional Construction Stimulus Measures
Housing industry welcomes government measures to boost regional construction, expecting resolution of unsold inventory and market recovery, while noting lack of core demand stimulation incentives.
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