Bogeumjari Loan Arrears Quintuple in Five Years to 549 Billion Won
Arrears on Korea's Bogeumjari policy mortgage hit 548.9 billion won in July, five times 2021 levels, as low-income borrowers' delinquency rate topped 1%.
AI PRISM
Real Estate Investor News
Housing market, property trends, and real estate investment news. Covers apartment prices, housing policy, construction industry, and property investment strategies.
Mortgage Rates Jump 0.35 Point in Two Weeks as Banks Drop 4% Fixed Loans
Five-year bank debenture yields hit 4.655%, a 2-year, 10-month high, pushing major Korean banks' mortgage rates to 4.95%-6.91%.
Hannam District 3 Breaks Ground This Year, Launching 12,000-Unit New Town
Hannam District 3 hit 99% demolition and aims to break ground this year, part of 12,430 units planned across Hannam New Town Districts 2-5.
Ruling Party Seeks to Extend Residency Waiver in Land Permit Zones
The Democratic Party asked the government to extend a residency waiver in Seoul land permit zones into next year and allow lease renewals.
Seoul Land-Deal Permit Filings Fall for Fourth Month
New land-deal permit filings for Seoul apartments fell to 3,012 in August, a fourth straight monthly drop and 66.1% below the April peak.
Parties Clash Over Capital Gains Tax as Seoul Housing Starts Fall
Korea's rival parties clashed over property taxes as Seoul housing starts fell to 58.01% of the 10-year average and three-year treasury yields topped 4%.
Seoul Officetel Jeonse Prices Hit Record High Since 2011
Seoul officetel jeonse deposits averaged 237.37 million won in August, the highest since 2011, as demand shifted from apartments.
BOK: Half-Point Rate Rise Adds 6.5 Trillion Won to Household Interest
The Bank of Korea estimates a 0.5 percentage point rate rise would add 6.5 trillion won a year to household interest payments.
Seoul Rebuilding Spreads Beyond Gangnam With 6,000-Unit Nowon Plan
Rebuilding at four Nowon complexes in Seoul is set to create 6,000 new homes, as provincial unsold housing and land cancellations mount.
Gangnam Share of Seoul Apartment Deals Falls to 9.1%
The three Gangnam districts made up just 9.1% of Seoul apartment deals in August, the year's low, as tax and rate uncertainty pushed demand outside…
Gangnam Rebuilding Projects Displace 10,000 Households, Squeezing Rentals
Reconstruction projects in Gangnam's three districts will displace 10,344 households by mid-next year, threatening to tighten Seoul's rental market.
Seoul Retail Vacancy Hits 9.4%, Highest in Five Years
Seoul's general retail vacancy rate hit 9.4% in the second quarter, the highest in about five years, with sharp gaps between districts.
Seoul Housing Market Splits as Gangnam Falls, Gangbuk Surges
Gangnam apartment prices fell for a fourth week while Seoul's 14 northern districts gained four times faster, splitting the city's housing market.
Loan Curbs, Rate Hikes and Tax Shock Cut Gangnam Land Permit Filings 77%
Seoul land transaction permit filings fell to 3,538 in August, a yearly low, as lending curbs, rate hikes and tax changes hit Gangnam-area demand.
Korea Keeps 1.2 Billion Won Tax Exemption for Absentee Homeowners
Korea will keep the 1.2 billion won basic tax exemption for non-resident single-home owners, but analysts say the easing felt by the market is limited.
Forced Property Auctions Surge 55% in Korea on Jeonse Fraud Fallout
Forced auction filings in Korea jumped 54.5% to 13,068 through August as jeonse fraud fallout and tighter lending rules hit the market.
Banks Raise Loan Ceiling but Only 310 Billion Won Left
Korean banks' household lending target rose 2.64 trillion won, but only about 310 billion won in actual lending room remains.
Lee's Approval Hits Record Low as Housing Policy Draws Fire
President Lee Jae-myung's approval rating fell to 42%, his lowest yet, with housing policy the top reason for disapproval for a fourth straight week.
Samsung's In-House Loans Reshape Home Prices South of Seoul
Samsung's in-house housing loans of up to 500 million won are pushing demand toward smaller apartments in Suwon and Hwaseong, reversing price rankings by…
Seoul Nears Deal on Floor-Area Boost and Greenbelt Release
Seoul and the land ministry near a deal to raise floor area ratios 1.2 times, adding a net 43,000 homes by 2031.
Seoul New Home Loans Plunge 60.65 Million Won as National Drop Hits Record
New mortgages in Seoul plunged 60.65 million won in Q2 2026, driving the largest national drop on record, while borrowers in their 30s hit a record share.
Non-Resident Homeowner Tax Break at Center of Korea's Property Tax Overhaul
Korea weighs raising the property tax deduction for single-home owners who don't live in their home to 1.2 or 1.4 billion won, a decision headed to…
Korea's Ruling Bloc Revisits Property Tax Reform 20 Days After Unveiling
Korea's ruling bloc is revisiting its property tax reform 20 days after unveiling it, weighing a higher deduction for single non-resident homeowners.
Korea PM Vows 'All Available Means' to Speed Up Housing Supply
Korea's PM vowed to use all means to speed up housing supply as bank delinquency hit 0.56%, the highest since 2016, and producer prices fell.
Ruling, Opposition Parties Agree to Pass Urban Redevelopment Bill Next Week
Korea's rival parties agreed to pass an urban redevelopment bill next week, raising density caps for private projects as high-end Gangnam prices correct.
Korea Household Debt Tops 2,000 Trillion Won for First Time
South Korea's household debt topped 2,000 trillion won for the first time in the second quarter, raising repayment pressure as the Bank of Korea signals…
COFIX Rises for 4th Straight Month, Lifting Korea Mortgage Rates From the 19th
Korea's COFIX rose for a fourth straight month to 3.18%, pushing bank mortgage rates up to as high as 5.89% from the 19th.
Gwangmyeong Haan Jugong Rebuilding Drives Prices Up 200-300 Million Won
Gwangmyeong's Haan Jugong complexes are moving to rebuild at once, driving prices up 200-300 million won and cutting listings to 2-3 per complex.
Korea to Free Greenbelt Land for 73,000 Homes Near Gangnam
Korea will release greenbelt land near Gangnam for 73,000 public housing units, with candidate sites due in early October as mortgage rates and capital…
Korea Tax Overhaul Cools Gangnam, Fuels Mid-Priced Districts
Korea's tax overhaul cooled prices in Gangnam and Seocho while mid-priced Seoul districts rose, and new lending rules will block jeonse loans for…
"Hands Tied" Landlords Flood Seoul With Homes as Triple Curbs Freeze Sales
Seoul apartment listings surged past 64,000 after the Aug. 3 tax reform, but triple curbs on sales, financing and leasing are freezing transactions.
10,000 'Two-Plus-Two' Jeonse Leases Expire as Landlords Move to Reclaim Homes
About 10,000 'two-plus-two' jeonse leases expire in Seoul by year-end as landlords reclaim homes, squeezing rental supply and lifting deposits.
Tax Overhaul Hits Gangnam Rebuild Market as Prices Slide
Korea's Aug. 3 tax overhaul triggers fire-sale listings in Gangnam redevelopment complexes as asking prices drop up to 700 million won, while Daejeon…
Ruling Party Moves to Ease Tax Overhaul After Backlash
Korea's ruling Democratic Party will revise its property tax overhaul by end-August after 4,700 comments, as elderly owners cut prices and landlords face…
Housing Supply Measures Stall for Second Month as Party-Government Faces Backlash
Korea's party and government weigh tax reform revisions amid public backlash, while Hana Bank halts variable-rate mortgages and Seoul Mayor Oh Se-hoon clashes over housing supply policy.
Gangnam, Ultra-Premium Single-Home Owners Hit by 'Tax Bomb'; Oh Se-hoon Fires Back
Seoul Mayor Oh Se-hoon criticized the government's plan to strengthen property holding taxes, warning it will only push up jeonse and monthly rents while failing to rein in home prices.
Additional Housing Supply Plan of '50,000 Units Plus' Coming Next Week
Korea's government will unveil a third metropolitan housing supply plan of over 50,000 units next week, restarting urban public housing projects and expanding PF financing support.
Simultaneous Property and Capital Gains Tax Hikes Freeze Home Sales
Korea's tax reform plan simultaneously raises property holding and capital gains taxes, freezing home sales as buyers shift to the 2 billion won range near subway stations.
Homes Over 2 Billion Won to Face Property Tax, Non-Resident Burden to Quadruple
Korea's 2026 tax reform expands the comprehensive real estate tax to homes over 2 billion won, quadrupling the burden on non-residents and raising rates on homes above 3.2 billion won.
28% of May Seoul Apartment Deals Exceeded 1.5 Billion Won
The share of Seoul apartment transactions exceeding 1.5 billion won hit a yearly high of 27.9% in May, as high-end home sales surged ahead of a heavier capital gains tax taking effect.
Seoul Apartment Supply Cliff Looms as Completions Plunge 52%
Seoul housing completions plunged 52.1% to 15,160 units in H1, signaling a structural supply cliff, while June production, consumption, and investment posted a triple increase.
Jeonse Prices Surge Nationwide as Gangbuk Mid-Size Units Hit 1 Billion Won
Seoul apartment jeonse prices rose 6.27% this year, over five times last year's pace, as a Gangbuk mid-size unit hit 1.03 billion won amid property tax hikes and rising rates.
Seongsu 81-Story Mixed-Use Complex to Rise by 2032 as Seoul Forest Landmark
The Sampyo Remicon site in Seoul's Seongsu-dong will become an 81-story mixed-use complex by 2032, with 403 apartments and 608.1 billion won in public contributions confirmed.
Seoul Home Deals Hit Yearly Low as Tax Reform Looms
Seoul apartment sales hit a yearly low of 5,065 in June as tax reform looms, with July land permit applications down 14.7% and housing affordability burden at a 3-year high.
Ultra-Premium Single Homes Face Up to 36% Property Tax Jump at 3 Billion Won Threshold
A government plan to heavily tax single homes over 3 billion won in published price could raise Seoul Gangnam apartment property taxes by up to 36.4%, with Acro River Park facing 6.01 million won more.
Korea Overhauls Property Tax After Four Years, Shifts to Value-Based Criteria
Korea's government is overhauling its comprehensive real estate tax, shifting from a per-home basis to aggregate value, with a new ultra-high-end bracket for assessed values above 3-4 billion won.
Korea Eases Group Loan Caps, Cuts Jeonse Guarantee Ratio to 70%
Korea's FSC to exempt group loans from household loan caps and cut jeonse guarantee ratios to 70% on the 30th, as metro area redevelopment could add 232,316 homes.
Lee Jae-myung Signals Tripling Property Holding Tax, Eases Exit for Multi-Home Owners
President Lee Jae-myung said holding taxes must be tripled to reach advanced-nation levels, while easing capital gains tax to give multi-home owners an exit route amid a balloon effect in non-regulated areas.
As Home Prices Rise, Only 'Cash-Rich' Buyers Purchase; Seoul Mortgage Ratio Drops 7.3%p
Seoul's mortgage ratio in property transactions fell 7.29 percentage points to 45.67% in one year, as loan curbs leave only cash-rich buyers in prime areas amid a lending shutdown spreading to state banks.
Apgujeong Hyundai Tops 10 Billion Won Again; Shinhyundai 12 Sets 11.25 Billion Won Record
Apgujeong ultra-high-end apartment prices rebound as Shinhyundai 11 sells for 10.5 billion won and Shinhyundai 12 sets an 11.25 billion won record, despite Gangnam transactions halving ahead of Korea's tax reform.