Seoul Apartment Jeonse Surge Prompts Emergency Review of Non-Apartment Supply

With Seoul apartment jeonse prices posting their strongest rise in about 10 years and 6 months, the government is conducting an emergency review of supply conditions for villas and other non-apartment homes. Concerns are growing that, as jeonse listings dry up and even non-apartment supply contracts, the housing ladder used by ordinary households could weaken. As apartment jeonse burdens increase, demand may turn to villas and other alternatives, but continued supply weakness could narrow available choices. The review is seen as a step to assess the simultaneous pressure from jeonse market instability and reduced non-apartment supply. Source: mk.co.kr