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South Korea home-building boom may lead to housing glut

Tuesday, August 30, 2016 - 05:50

The total number of housing units launched in the first half of this year in South Korea rose 3.7 per cent to 299,000.


IN Yongin, a satellite city south of Seoul, orange construction cranes are racing to build gleaming new high-rises, but realtor Kim Woong-jib says he is pointing would-be apartment buyers to older buildings.

The city of a million people has 5,301 unsold new residential units

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