South Korea to convert hotels into flats to address rental home shortages, Real Estate News, ET RealEstate

SEOUL: South Korea is converting hotels and offices into rental units in its latest attempt to address nationwide outcry over soaring rents, targeting an increasing number of single, young renters struggling to find affordable homes. The government said on Thursday it will add 114,000 homes for public housing on lease within the next two years […]

South Korea’s finance minister loses home as housing policy comes back to haunt, Real Estate News, ET RealEstate

SEOUL: South Korea‚Äôs finance minister, the architect of rules aimed at protecting tenants and slowing deposit increases, has himself been forced to look for a new home as landlords react to the rules by quickly replacing tenants so they can bump up deposits. Hong Nam-ki is also faced with broadening his search as the average […]

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