Topic
Korean government measures on housing supply, taxation and market stabilisation, and their execution record.
HUG data on 62 Seoul sites shows a pipeline two and a half times larger than in 2021 while the units subscribers can bid for grew only 1.8 times, at a planned price of 52.9 million won per 3.3 square meters.
Reality
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
HUG and MOLIT's three-party lease has the state hold the tenant's deposit and pay the landlord monthly. The counterparty risk does not disappear; it changes address.
Reality
MOLIT has finalized an equity-accumulation format for part of its public housing: 25 percent at move-in, the rest in tranches over 20 to 30 years. First units could price in the fourth quarter.
Reality
Seoul raised holding taxes on the 3rd and promised 230,000 greater-Seoul homes on the 13th. Only one prior supply plan can be scored, and it is running at 24.2 percent.
Reality