Relocation Loan Caps for Redevelopment Projects Set at ≤₩600M

Relocation Loan : Two-Home Owners Completely Barred from Relocation Loans Ultra-Tight Loan Rules Extended to Relocation Loans: Relocation Loan Relocation Loan :The government’s strict household loan caps now apply to relocation loans for redevelopment projects. In key Seoul redevelopment zones, project members can borrow up to ₩600 million only, while those owning two or more … Read more

Intense Bidding War Turns into Legal Skirmish

Samsung C&T vs. Daewoo E&C Battle for Gaepo Woosung 7thIntense Bidding War Turns into Legal Skirmish: Intense Bidding Bid Commitment & Cash Deposit Race: Intense Bidding Intense Bidding: On June 19, only Samsung C&T and. Daewoo E&C submitted bid commitment letters for the Gaepo Woosung 7th reconstruction project. Both firms pre-paid ₩15 billion in cash, … Read more

Mortgage Loans Drive Household Credit Spike

Mortgage Loans Drive: Back to the Era of ‘Yeong-kkeul’ & ‘Debt Investing’: Household Loans Surge Mortgage Loans Drive: Household loans at Korea’s five major banks jumped by ₩3.9937 trillion in June and are projected to rise over ₩6.3 trillion by month-end. Mortgage loans—including Jeonse loans—accounted for ₩2.9855 trillion of that increase, making up 80% of … Read more

Shift to ‘Remodeling’ Amid Re-Implementation of Reconstruction Profit Recoupment

Rising Remodeling Trend in Aging Complexes as Reconstruction Levy Looms: Shift to ‘Remodeling’ Prospect of Reconstruction Profit Recoupment Retention and Its Impact on Redevelopment Market: Shift to ‘Remodeling’ Moreover following the inauguration of the Lee Jae-myung administration. Amomentum has grown to retain the Reconstruction Profit Recoupment System, sending ripples through the urban renewal market. The … Read more

Only Tax Hikes Can Curb Real Estate Speculation: Economist Lee’s Argument

“No Successful President Without Curbing Prices”: Pinpointing Anti-Speculation Measures: Only Tax Hikes” The Essence of Anti-Speculation Measures: Only Tax Hikes Only Tax Hikes: Professor Lee Joon‐goo of Seoul National University stresses that the core of anti‐speculation measures lies in reducing speculative returns. He explains that unless expected returns from real estate investments fall, market participants … Read more