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Drop in land prices and transactions in South Korea

Andrew Batt Property Report 19.10.2010
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.

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

Andrew Batt Property Report 01.09.2010
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.

Can households juice the property market?

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

Andrew Batt Property Report 27.08.2010

Local land sold overseas

JoongAngDaily 13.05.2009
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.

Local land sold overseas

Weak won drives boom in foreign purchases of Korean soil

Gov’t to Supply 44,000 `Sweet Homes` in Sept.

The government in September will provide 44,000 homes consisting of 21,000 small and middle-size apartments under 85 square meters and 23,000 rental apartments and homes suitable for an urban lifestyle in four regions around the Seoul metropolitan area.

Developing capital region may cause further inequality in the nation

The Lee Myung-bak government¡¯s policy of concentrating development in the capital region has crossed the line. On the heels of last week¡¯s change in the ¡°capital region metropolitan city plan¡± towards a development focus, an announcement was made Monday that 60 thousand households worth of apartments would be constructed in the green belts or government-designated development restriction zones surrounding Seoul. Such land policy changes require reconsideration as they could result in overpopulation of the capital region and the impoverishment of the provinces

Yoon: Real estate overheating again

Moon Gwang-lip JoongAngDaily 13.05.2009

House Prices in Southern Seoul Surge

Lee Hyo-sik The Korea Times 03.05.2009
Yoon: Real estate overheating again

Finance Minister Yoon Jeung-hyun yesterday warned against real estate speculation, in a serious tone not heard since he took office in February

House Prices in Southern Seoul Surge

A growing number of individuals here are putting money into real estate to seek greater returns on growing signs of an improvement in the financial market, pushing up prices of land and apartments in southern Seoul and its adjacent areas.


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