Luxury Real Estate Blog and News
Despite a series of anti-speculation measures, the Korean government seems to have failed to curb apartment prices in key areas of Seoul.
The ruling South Korean government is moving forward in its plans to raise property taxes, a campaign promise of President Moon Jae-in.
Knight Frank’s report noted that Gangnam, known as the “Beverly Hills” of Seoul, is “still seeing strong speculative activity,” helping boost luxury-home prices in the city overall.
Two political parties in South Korea’s National Assembly recently approved three real estate bills to aide the sluggish domestic property sector.
The Haeundae district in Busan is fast-becoming South Korea’s top high-end investment destination.