Stop fueling home prices in Seoul

Stop fueling home prices in Seoul

Seoul Mayor Oh Se-hoon was in the hot seat last week for reversing his controversial decision to lift regulations that were in place to curb real estate speculation in the city’s most sought-after districts. The regulations required buyers in these areas to get approval from district offices and fulfill two-year mandatory occupancy conditions, which means they were banned from purchasing houses with 'jeonse.'

For the first time, a §18 spatial agreement was concluded with a private property owner.

HDC to present development plan for Yongsan in central Seoul

Shown above is an artist’s concept of a district in central Seoul of which master plan will be presented by Hyundai Development Company and CBRE Korea. [Photo courtesy of HDC] South Korea’s Hyundai Development Company (HDC) announced on March 26 that it had joined forces with global real estate consultancy CBRE to develop a comprehensive retail master plan for a Yongsan area in central Seoul. With the efforts of the two companies, the area used …