US EditionUnsold Housing Rises in Busan Amid Construction Sector Strain
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Unsold Housing Rises in Busan Amid Construction Sector Strain
Busan, South Korea — Busan is facing a deepening imbalance in its housing market. Despite ongoing development across its urban corridors, the city is experiencing a sharp rise in unsold apartment units—many of which are already completed and sitting vacant.According to the Ministry of Land, Infrastructure and Transport, as of the end of February 2025, South Korea’s nationwide inventory of “malignant unsold” housing—units that remain unsold even …
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