South Korea's land minister says jeonse market instability due to supply shortage, preparing for housing price swings

South Korean Land Minister Hong Ji-sun said the instability in the jeonse (monthly rent) market stems from a housing supply shortage, and that the government is preparing for sharp housing price swings. He also said the ministry will pursue housing supply projects with Seoul city that are mutually agreeable, speaking at a parliamentary audit.

Detected & updated continuously · Source: Nebula