Apartment transactions dive in June ahead of housing subscription program launch
Jul 30, 2021
Nationwide apartment transactions plunged in June ahead of the launch on Wednesday of a subscription program for newly built homes, which put the brakes on a buying spree in the local real estate market, data showed Friday. According to the data from the Ministry of Land, Infrastructure and Transport, a total of 88,922 apartment units changed hands across the nation last month, down 35.8 percent from 138,578 a year earlier. In the Greater Seoul area, the transaction volume fell 44.