23.10.2008 - Korea: Property market reacts cautiously to cash injections
From Chosun.com: Government steps to provide liquidity to builders will help improve cash flow at small and mid-sized construction companies that are facing bankruptcy, but the prevailing view in construction and real estate markets is that the measures will have only a limited effect on reviving the depressed market. The decision to gradually lift restrictions on real estate transactions in areas designated as speculative zones in the capital, where housing prices have been showing signs of falling, have led to hopes of a revival in sales of both old and new apartments..... Full Article: Source
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