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Glut, tighter lending threaten South Korea property market

Real estate has been biggest beneficiary of record-low interest rates
Thursday, October 15, 2015 - 05:50
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The number of housing pre-sales in the second half of this year "far exceeds" the inventory that is actually needed, a report says.

Seoul

SOUTH Korea's brisk property market has been a bright spot in an economy that has struggled for much of this year. Now, an oversupply of new homes and tougher lending rules may signal an end to the boom.

Real estate has been the biggest beneficiary of record-low interest

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