Finance chief warns of possible fall in housing prices
Posted : 2021-07-21 09:02
Finance Minister Hong Nam-ki / Yonhap
South Korea s top economic policymaker on Wednesday reiterated his warning that high-flying housing prices could undergo corrections as prices of homes in the greater Seoul area have excessively risen.
Finance Minister Hong Nam-ki said the government will put policy priority on expanding the supply of residential properties in a bid to curb speculative demand for homes. A rise in housing prices in the greater Seoul area has been led by expectations for easing rules on the redevelopment of homes and plans to expand (railway networks), Hong said at a government meeting on the housing market.
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