| From Asianewsnet.net: Mask ExoticaHome prices are plummeting and unsold new houses are piling up as the country's real estate market showing no signs of improving amid the worsening financial turmoil.
The average price of apartments in Seocho-gu, an affluent residential area in southern Seoul, fell below 1 billion won (US$840,000) for the first time since November 2006. The price of nearby Gangnam-gu's apartments slated for redevelopment has also fallen by more than 200 million won since January 2007..... Full Article: Source
|