A Seoul resident would have to not spend a single dime of their income for 15.2 years to buy a home in South Korea's capital, a state-issued report showed Friday. The Price Income Ratio for Seoul for 2022 was 15.2, according to the latest report by the Ministry of Land, Infrastructure and Transport. The yearly PIR increased from 14.1 in 2021, and has been on the upward trend since marking 9.6 in 2018. The PRI re.
PETALING JAYA: A think tank says Putrajaya should not be measuring affordable housing based on price alone, describing the Price Income Ratio (PIR) method as a limited analytical tool.