South Korea’s ban on foreign homebuyers to cool Seoul prices, Chinese spending
Hongkongers and mainland Chinese had acquired 96,955 properties in South Korea as of May, a 78.5 per cent increase from the 54,320 real estate assets that they owned in 2020, according to a report by The Chosun Daily, a local news outlet. It said these properties included residential units, commercial assets and parcels of land….
