13.10.2008 - Korea: Is property market next to fall?
From Koreatimes.co.kr: What goes up indeed comes down, and the continuously tumbling prices in the ``Bubble Seven'' districts further proves that even the nation's hotbed of property speculation is not an exception to the rule. So far this year, prices in these towns ? Mokdong, Gangnam, Sonpa, Seocho, Bundang, Yongin and Pyongchon ? are down an average of 3 percent, according to Property Bank, a Seoul-based real estate consulting agency. This means, an average apartment price in these districts that once cost 818 million won is now valued at 793 million won..... Full Article: Source