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Real Estate Briefing - Categorized | Market Moves, Performance more

Korea: Real estate market showing signs of rebound

Posted on 08 November 2010

From Donga.com: “Cases of all new apartments being sold only to the most eligible bidders in the first round of public sale have occurred in succession.” Sales of all new apartments and residential-office units exclusively to the most eligible buyers in the first round of public sale have been seen in Busan, Pangyo New Town in Gyeonggi Province, and Seoul’s Gangnam district.
Such sales had all but disappeared since this year’s first half due to a real estate slump but have returned. This has led to high expectations for a market rebound among experts……………………………………….Full Article: Source


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