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HUG Offers 5% Discount on PF Loan Guarantee Fees for Early Sales of Public Housing Sites in Greater Seoul
HUG will offer a 5% discount on project financing loan guarantee fees and a 3% discount on sales guarantee fees for private developers who launch early sales on public housing sites in the Seoul metropolitan area, as part of South Korea's housing supply expansion policy.
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Gangnam, Seongdong, Guro Among Districts Certified as Smart Cities by Ministry of Land, Infrastructure and Transport
Nine South Korean local governments, including Gangnam, Seongdong, and Guro, have been newly certified as smart cities by the Ministry of Land, Infrastructure and Transport, with Eunpyeong-gu recognized for its AI-powered accessibility services for vulnerable groups.
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Reconstruction Bidding War Begins for Jinheung Apartment in Seocho-dong—GS, Lotte, and Daewoo Face Off
South Korea’s top builders—GS, Lotte, and Daewoo—have launched a high-stakes bid for the landmark 58-story Jinheung Apartment reconstruction in Seoul’s Gangnam area, with a 679.6 billion won ($520 million) project prohibiting consortiums and requiring single-company bids.
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Seoul Apartment Prices See Wider Gains After One Month—Up 0.20%
Seoul apartment prices accelerated for the first time in a month, rising 0.20% in the third week of November, led by reconstruction and preferred complexes, with jeonse prices also maintaining an upward trend.
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Land Minister Says 'Vacancy in First Vice Minister Role a Key Variable for Housing Supply—Appointments Underway'
South Korea's Land Minister Kim Yun-deok cited leadership vacancies as key variables for housing supply, vowing new measures and organizational reforms by year-end.
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Saemangeum-Jeonju Expressway 55.1km Section to Open on the 22nd
South Korea will open the 55.1km Saemangeum-Jeonju Expressway section on November 22, enhancing regional connectivity and reducing travel times, with the project expected to deliver annual economic benefits of 201.8 billion won ($153 million).
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Forena The Sharp Incheon City Hall Station to Launch Sales in December
Hanwha Construction Division and POSCO E&C will launch sales of the 2,568-unit Forena The Sharp Incheon City Hall Station in December, with 735 units available for general sale. The project, located in Namdong-gu, Incheon, offers strong transport links, proximity to major amenities, and is set to benefit from the upcoming GTX-B line. Move-in is scheduled for August 2029.
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Minister of Land, Infrastructure and Transport Shifts to Emergency Structure—'Mobilizing All Resources for Housing Supply'
South Korea's Land Minister declared an emergency structure for housing supply, directing MOLIT and LH to mobilize all resources and accelerate project execution.
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Ministry of Land and LH Launch Joint Task Force to Accelerate Urban Housing Supply
The Ministry of Land, Infrastructure and Transport and Korea Land & Housing Corp. have launched a joint task force to accelerate urban housing supply, aiming to streamline decision-making and reduce project delays through enhanced cooperation and a new fast-track permit center.
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KORAIL Completes Approval for Yongsan International Business District Implementation Plan
KORAIL has completed approval for the Yongsan International Business District implementation plan, paving the way for major urban development and infrastructure projects in central Seoul, with phased land sales and expanded housing supply set to begin next year.
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Only 30% of 48 Seoul Redevelopment Sites Plan to Adopt Public-Led Model
Only 31.9% of Seoul's 48 redevelopment sites plan to adopt the government's public-led model, as concerns over member interests and decision-making persist despite calls for greater public participation.
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LH Issues First-Ever €500 Million Euro-Denominated Public Bonds
Korea Land & Housing Corporation (LH) has issued its first-ever €500 million euro-denominated public bonds, attracting strong demand from global institutional investors, with proceeds earmarked for public rental housing projects.
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LH to Relocate and Bury Power Transmission Towers in Public Housing Districts at a Cost of 4 Trillion Won
Korea Land & Housing Corp. (LH) will invest about 4 trillion won ($2.9 billion) to relocate or bury 506 power transmission towers across 42 public housing districts, aiming to accelerate housing supply by shortening project timelines by up to three years through parallel relocation strategies and introducing 3D landscape simulations for optimal infrastructure planning.
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Samsung C&T Introduces 'AI Parking Lot' at Raemian One Perla for the First Time
Samsung C&T Corp. has launched its first AI-powered parking lot at Raemian One Perla, enhancing efficiency and safety in residential parking and EV charging.
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October Data Shows Seoul Housing Market Near Boiling Point—Focus Turns to Government Measures
Seoul home prices soared to a seven-year high in October, with buyer sentiment intensifying despite new government curbs, highlighting persistent demand and the challenge of cooling the market.
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Government Uncovers 210 Suspected Illegal Housing Transactions by Foreigners—“Strict Measures to Follow”
South Korea’s government has uncovered 210 suspected illegal housing transactions by foreigners, including false reporting and illicit overseas fund inflows, and vows to impose strict measures to restore market order.
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Seoul Home Prices See Fastest Monthly Gain in Seven Years in October
Seoul home prices surged 1.19% in October, marking the fastest monthly rise in seven years, as robust demand ahead of new government curbs fueled gains across key districts and pushed national housing prices to a four-year high.
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Greater Seoul Real Estate Sentiment Turns Upward in October; Non-Capital Regions Remain Flat (Comprehensive)
Real estate sentiment in the Seoul metropolitan area turned upward in October, with key indices rising and government policy changes fueling both buying and jeonse demand.
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Greater Seoul Real Estate Sentiment Turns Upward in October—Non-Capital Regions Remain Flat
South Korea's real estate sentiment index for the Greater Seoul area turned upward in October, led by a 3.7-point rise, while non-capital regions remained flat; Seoul maintained its upward trend, and key indicators for housing sales and jeonse showed continued regional divergence.
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Housing Supply Promotion Ministers' Meeting Launched—Koo Yun-cheol Vows 'Rapid, Tangible Results'
South Korea launches the Housing Supply Promotion Ministers' Meeting as Deputy Prime Minister Koo Yun-cheol pledges swift, visible progress to boost homebuyer confidence and stabilize the real estate market.