Topic
New-town build-outs adding housing stock inside Seoul, here a nine-district program totaling roughly 12,000 homes.
Seoul's mayor still refuses housing on the Yongsan Park main grounds, but he has now put a Gangnam sewage plant on the table. The talks stop being about whether and start being about which land.
Reality
A bill to carve residential land out of Yongsan Park is before the National Assembly, and the urban planner arguing against it puts the alternative at 500,000 to 1 million homes around Seoul's subway stations.
Reality
Korea's three-year treasury yield went above 4% in the same week that opposition lawmakers put Seoul's housing starts at well under 60% of their decade average. The National Assembly spent the day arguing about capital-gains deductions.
Reality
New openings of housing subscription accounts have fallen 35.5% from their 2017 peak. The savers walking away are the 30- and 40-somethings, whose bids are exactly what a presale price above nearby resale quietly assumes.
Reality
District 7 sat idle for more than a decade on association disputes. Its June implementation approval puts 1,435 units on a 2028 groundbreaking and 2031 completion schedule.
Reality