The rise in apartment prices in South Korea has slowed, with a ‘balloon effect’ observed in non-apartment sectors due to exceptions in regulations. Last month, in the Gangnam and Yongsan districts, transactions for multi-family and row houses surpassed those of apartments, as the land transaction permit system only applies to apartments. Woori Bank’s WM Business Strategy Department noted more transactions for non-apartments than apartments in these districts, and suggested continuous market monitoring to address the ‘blind spot’ of multi-family and row houses.
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Auto-posted at: 2025-04-03 21:04:17