Minister of Land, Infrastructure and Transport: "Housing Price Indicators Show Hopeful signs... All-Out Effort on Supply"

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Minister of Land, Infrastructure and Transport Hong Ji-sun noted that the upward trend in Seoul apartment prices is slowing down according to indicators and announced plans to alleviate market anxiety by supplying 1.5 million units in the metropolitan area and to expedite urban renewal projects and the identification of new sites in cooperation with the Seoul Metropolitan Government.

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연합뉴스-Yonhap News Agency

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연합뉴스-Yonhap News Agency

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"Supply in Seoul and the metropolitan area still falls short of demand... The solution is to build houses." On the 5th, Minister of Land, Infrastructure and Transport Hong Ji-sun assessed that "some hopeful signs are visible" in Seoul's housing market price indicators and reiterated the policy direction of focusing all efforts on supply.

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