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South Korea to convert golf courses, military sites into new homes

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The move comes amid surging prices despite tighter mortgage curbs and heavier real estate taxes. FMTNews SouthKorea

Limits on building heights will be relaxed to encourage rebuilding of old apartments in central Seoul.

The 23rd measure by Moon Jae-in’s administration to cool soaring home prices in Seoul and the metropolitan region comes as both sales and rent prices surge despite tighter mortgage curbs and heavier real estate taxes.

 

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