President Lee: "Actual Transaction Prices of Apartments in Major Areas fall... Statistics Must Be Properly Disclosed"
5 Articles
5 Articles
(Seoul = Yonhap News) Reporters Lim Hyung-seop and Hwang Yun-gi = On the 3rd, regarding the real estate market, President Lee Jae-myung said, "Actual transaction prices in major areas are falling surprisingly..."
On the 3rd, President Lee Jae-myung ordered the government to accurately deliver objective statistics and information on the real estate market to the public, stating, “For the future of the Republic of Korea, we must shed the stigma of being a ‘Republic of Real Estate Speculation.’” During a Cabinet meeting held at the Blue House that day, President Lee said, “What the government can do.
This contains the content in which President Lee Jae-myung mentioned the increase in Seoul apartment listings, the decrease in transaction volume, and the decline in actual transaction prices, emphasizing the need for improvements so that the government's objective real estate statistical information can be accurately conveyed to the public.
President Lee Jae-myung stated that with the recent surge in apartment listings in Seoul and significant drops in actual transaction prices in major areas, "concerns about a crash are emerging." President Lee made these remarks during a Cabinet meeting held at the Blue House on the 3rd, noting, "Various discussions are emerging regarding the outlook for housing prices in the metropolitan area." He added, "It is clear that for the future of the…
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