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S Korea govt unit warns of home supply glut in 3 years
Published Thu, Dec 3, 2015 · 09:50 PM
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Seoul
SOUTH Korea's top government research institute warned on Thursday that this year's surge in new home starts could lead to a massive oversupply in three years, worsening the financial profiles of both builders and households.
The Korea Development Institute (KDI) said in a report that this year's new home starts were expected to amount to 700,000 units, up sharply from 507,666 …
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