SEOUL, Sept. 26 (Korea Bizwire) – South Korea will supply 120,000 public homes in addition to the existing plan to deliver 2.7 million new homes by 2027 to offset the declining private-sector home supply amid higher lending rates, the land ministry said Tuesday. In August last year, the government announced the public home supply plan [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea will supply 114,000 public ‘jeonse’ houses by 2022 to help tackle a shortage of the two-year contract-based rental homes, the transport ministry said Thursday. The government plans to purchase existing homes to convert them into public jeonse houses mainly for the underprivileged who have difficulties in finding [...]
SEOUL, Sept. 21 (Korea Bizwire) — The South Korean government will supply 300,000 public homes starting in 2021 in a move to stabilize the overheated real estate market, the land ministry said Friday. The government will complete the purchase of properties needed to build the public houses in Seoul, Incheon and Gyeonggi Province by the [...]