Mr. Han, 45, who owns a 56-square-meter (603-square-foot) apartment in Dobong District, northern Seoul, can’t sleep well these days. He wants to sell his apartment, and is willing to sell cheap. But no one wants to buy.
A 28 year old was recently looking for a one-room apartment close to work in Gwanghwamun, central Seoul. His family lives in Hwaseong, Gyeonggi, and he wanted a place that would reduce the commute. That plan fell through the second he walked...
More than nine out of 10 people in their 20s think purchasing a house is essential, according to a joint survey by job portals JobKorea and Albamon.
Despite government claims that real estate prices have been stabilized, the average selling price for an apartment in Seoul exceeded 1 billion won ($852,000) for the first time in a single month.
Back then, the jeonse price for a 26-square-meter (279.9-square-foot) studio accommodation was about 90 million won ($76,900). In his recent visit, that same room was trading at about 130 million won, up almost 45 percent.
The first thing that catches your eye when you stand by the Han River, or anywhere that’s known to have a great view of Seoul like Lotte World Tower, are the domino-block-like apartment complexes everywhere. In a country like Korea where about...
Affordable housing in Seoul is on a decline since the beginning of the Moon Jae-in administration, an opposition politician claims.
The price gap between apartments on either side of the Han River remains as wide as ever.
Despite government efforts to drive down real estate prices especially in Seoul, a new record has been hit for the number of apartments selling for more than 100 million won ($85,000) per 3.3 square meters.
The first thing that catches your eye when you stand by the Han River, or anywhere that’s known to have a great view of Seoul like Lotte World Tower, are the domino-block-like apartment complexes everywhere.