Tag: apartments

apartments

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Wealth concentration at top intensifying as the rich's proportion of real estate assets grows

A Korean household needed assets of at least 3.48 billion won ($2.36 million) to rank among the country’s top 1 percent last year, underscoring the concentration of wealth at the top.

2026.4.16

Apartments are seen in Gangnam Distrcit, southern Seoul, on March 29. [YONHAP]

Lenders forced to further limit household loan growth, not to extend loans to owners of multiple homes

All local lenders in Korea will be forced to further tighten their household lending this year and not extend loans to owners of multiple homes, the financial regulator said Wednesday, in a stepped-up move to rein in record household debts.

2026.4.1

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Apartment complexes are seen near the Han River on March 8. [YONHAP]

Average price of mid-sized apartments in Seoul exceeds 1.5 billion won

The average price of mid-sized apartments in Seoul has exceeded 1.5 billion won ($977,000) for the first time, largely because buyers are focusing on homes priced at 1.5 billion won or less.

2026.3.31

Apartments in southern Seoul are seen on Jan. 26. [NEWS1]

Apartment prices decline in three Seoul districts as real estate market shifts

Apartment prices fell in three districts in southern Seoul — Gangnam, Seocho and Songpa — for the first time in two years, a shift in the capital’s most expensive neighborhoods that signals a broader slowdown in the housing market.

2026.2.27

Smoke rises from apartments after a major fire swept through several blocks at the Wang Fuk Court residential estate in Hong Kong's Tai Po district on Nov. 27. Hong Kong firefighters were scouring a still-burning apartment complex for hundreds of missing people on Nov. 27, a day after the blaze tore through the high-rises, killing at least 44. [AFP/YONHAP]

At least 83 dead as Hong Kong firefighters battle burning towers for second day

Firefighters battled for a second day to extinguish a blaze at a high-rise apartment complex in Hong Kong on Thursday, as the death toll rose to 83 in one of the deadliest blazes in the city's modern history.

2025.11.28

Apartments along the Han River in Seoul are seen from Namsan Tower on Oct. 1. [NEWS1]

U.S. nationals own nearly 6,000 apartments in Seoul, mostly in posh riverside districts

Nearly 6,000 apartments in Seoul are owned by Americans, most clustered along the Han River in the city’s most expensive neighborhoods.

2025.10.8

Stabilize the housing market with actions (KOR)

The government must do its best to stabilize the housing market.

2024.8.12

Stabilize the housing market with actions

The government must do its best to stabilize the housing market.

2024.8.11

[Column] The end of jeonse

People no longer can dream of owning a home one day through savings and shifting jeonse rents. Is that really what the DP lawmakers want to see?

2023.1.26

Sibeom Apartments, the oldest apartment complex in Yeouido, western Seoul, will be demolished and rebuilt, with a 65-story tower rising on the site. The photo shows a bird's-eye view of the Sibeom Apartments in Yeouido, western Seoul, on Nov. 7. [YONHAP]

Seoul's skyline to rise to new heights as limits are lifted

Seoul’s skyline is set to rise higher as residents push to have their buildings demolished and taller buildings put in their place.

2022.11.21