Seoul's southwest faces 5,604 redevelopment relocations next year against 1,651 new apartments, Korea Real Estate Board figures show. Seoul's overall surplus of new homes comes entirely from the southeast, so the strain falls on renters in the city's mid- and lower-priced districts.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+15
- Incentives
- Insufficient
- Confidence58
Korea's program to buy newly built homes for public rental broke ground on 14,195 of the 288,317 units developers applied with last year, under 5%. New financing terms target that gap, while the wider slump in villa and officetel permits rests on demand worries a public buyer sidesteps.
Reality
- Evidence62
- Adoption18
- Hype gap+38
- Incentives45
- Confidence55
MOLIT will build 350,000 homes on public land by 2030 and take another 543,000 out of privately owned stock through purchases and jeonse leases. That makes the state a buyer in the market it is trying to cool.
Reality
- Evidence58
- Adoption10
- Hype gap+35
- Incentives55
- Confidence55
Seoul's apartment leases above 3 million won a month rose 9.7% to 6,570 through September 22, and every added contract came from the 22 districts outside Gangnam, Seocho and Songpa, where the count fell by three.
Reality
- Evidence70
- Adoption80
- Hype gap+14
- Incentives45
- Confidence65
Seoul's row houses already average above the 400 million won ceiling, and the officetels below it average 28 square meters. The credit is real; the eligible housing largely is not.
Reality
- Evidence68
- Adoption18
- Hype gap+32
- Incentives58
- Confidence62