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BLand to start first project in South Korea

Property Report 15.07.2011
Jeju island is often called the Hawaii of South Korea

The first phase of Berjaya Jeju Resort will be launched Berjaya Land Bhd (BLand) before the end of the year. The project has a total gross development value of US$3.5 billion and the first phase will involve 300 units of serviced apartments to be completed within 24 months.

Has property market hit rock bottom?

Kim Da-ye Korea Times 28.10.2010
South Korea cutting property taxes to prop up market

South Korea has announced that it will cut property purchase taxes in a move to offset tougher borrowing rules and keep the recovering housing market from losing strength, Reuters has reported.

The property market is still in a slump, causing experts as well as investors to wonder whether it has hit the bottom and a recovery is on its way. In this recent photo, a woman passes by a real-estate agency in Banpo-dong, Seoul, home to some of the hottest properties. / Korea Times file

Buying a home at the lowest price possible is everyone’s dream and timing is crucial to do so. For months the housing market has remained sluggish causing would-be home buyers to wonder if the property market has hit rock bottom and if they should make the deal of their life now.

Drop in land prices and transactions in South Korea

Andrew Batt Property Report 19.10.2010

South Korea acts to bolster property market

Andrew Batt Property Report 01.09.2010
Drop in land prices and transactions in South Korea

South Korea’s land prices contracted for the second month in a row last month amid a sharp drop in transactions, a government report has revealed.

South Korea acts to bolster property market

The South Korea government will temporarily ease financial borrowing and tax rules to help bolster the local housing market, which has experienced a sharp drop in transactions since late last year.

South Korea set to announce property stimulus plans

Andrew Batt Property Report 27.08.2010
The country’s expanding inventory of unsold new homes, such as the Lotte Castle apartments in Mapo, Seoul, has been the most visible symptom of the ailing property market, which continues to be troubled by a sharp decline in transactions. The government is looking to ease the country’s debt-to-income ratio (DTI) rule, which restricts homebuyers’ borrowing in proportion to their annual income, to breathe new life into the market, but some critics believe the efforts will be futile.

The country’s slumping housing market is proving to be a drag on the economy, but this isn’t stopping policymakers from making Herculean efforts to delay what appears to be the inevitable.

South Korea set to announce property stimulus plans

The South Korea government plans to announce a package of measures to bolster the slumping local property market next week following policy coordination with lawmakers, a senior official said yesterday.

Best Western Allamanda Laguna Phuket Opens

etravelblackboardasia.com 22.02.2010

S. Korea to spend US$1.5 bil on Marinas

Staff Writer Propert Report 20.01.2010
Best Western Allamanda Laguna Phuket Opens

Best Western International – The World’s Largest Hotel Chain - announces the opening of Best Western Allamanda Laguna Phuket, situated on beautiful Phuket’s Bang Tao Beach within the stunning environment of the Laguna Phuket integrated resort. It joins the chain’s four other properties on Phuket.

S. Korea to spend US$1.5 bil on Marinas

The South Korean government said on Tuesday it will invest 1.7 trillion won (US$1.5 billion) into building dozens of marinas across the country over the next decade, as part of an effort to boost the maritime leisure industry and enhance the nation´s overall tourism sector.

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