S. Korea to supply 460,000 homes in 2021 to cool housing market: Finance Minister
- 3 years ago
홍남기 "내년 아파트 31.9만호 포함해 주택 46만호 공급"
In yet another attempt to stabilize the overheated real estate market, the South Korean government will supply 460-thousand homes next year, including 319-thousand apartments.
This is according to Finance Minister Hong Nam-ki Tuesday, who said sufficient supply will cool the market.
Two-hundred-78-thousand of the homes will be provided in the greater capital area, with 83-thousand within Seoul.
Of the new apartments, 188-thousand will be in the capital area, with 41-thousand in Seoul.
Hong said plans will be reviewed depending on market conditions and demographic changes.
In yet another attempt to stabilize the overheated real estate market, the South Korean government will supply 460-thousand homes next year, including 319-thousand apartments.
This is according to Finance Minister Hong Nam-ki Tuesday, who said sufficient supply will cool the market.
Two-hundred-78-thousand of the homes will be provided in the greater capital area, with 83-thousand within Seoul.
Of the new apartments, 188-thousand will be in the capital area, with 41-thousand in Seoul.
Hong said plans will be reviewed depending on market conditions and demographic changes.