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Korea: Property recovery dampened

Posted on 26 September 2011

A slump in the property market is feared to continue until the end of the year due to what is seen to be another financial crisis in the offing, experts and industry watchers said Sunday.
They cite a major drop in the prices of prime real estate in the upscale southern Seoul areas with more being put up for sale. The price of a 56 square-meter Gaepo apartment tumbled to 960 million won last week, down from 1.02 billion won last month. The price peaked at 1.38 billion won in 2009……………………………………….Full Article: Source

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