✉news BusinessReal Estate first seen 2 d ago, last 1 d ago, peak #24
Seoul Apartment Permits Jump 74%, Supply Relief Seen by 2028
Original: Seoul Apartment Permits Up 74%... Land Ministry: "Supply-Demand Conditions to Improve in 2028"
Housing permits for apartments in Seoul rose 74%, according to figures reported alongside a Land Ministry assessment that supply-demand conditions in the capital's housing market will improve by 2028. The sharp increase in approvals points to a push to expand housing stock, while the ministry's projection is being read as an attempt to reassure buyers and policymakers about the market outlook.
Why now: The sharp jump in permits and the ministry's 2028 forecast are significant news for Seoul's tight housing market.
SeoulSouth Korea Ministry of Land, Infrastructure and Transport
Evidence
- Seoul Apartment Permits Up 74%... Land Ministry: "Supply-Demand Conditions to Improve in 2028" · 아시아경제
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