Crash and burn
A real estate agency in Daechi-dong, Gangnam District, southern Seoul, posts notices for urgent apartment sales on Tuesday. Apartment prices in the posh neighborhood, which soared on expectations for scheduled reconstruction projects, stalled on fears of the heavy taxes the government plans to levy on reconstructed complexes as a measure to cool rampant real estate speculation. [YONHAP]
with the Korea JoongAng Daily
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