Opposition head pleads for support in ‘fight against Yoon dictatorship’
Koreans prefer cash in Chuseok gifting for parents
Apple to launch iPhone15 series in S. Korea on Oct. 13
S. Korea, US conduct underwater search operation for downed jet, Korean War remains
[Well-curated] A weekend for fall-time festivities
BTS' Suga begins military service
[Jean Guerrero] What first-generation students need
Surveillance cameras to be a must in hospital operating rooms
Ministry uncovers 1,802 Youth Protection Act violations
U.S. finalizes national security 'guardrails' for CHIPS funding
Seoul's average apartment price jumps twofold under Moon govt.: civic groupBy Yonhap
Published : Dec. 8, 2021 - 14:56
According to the analysis by the Citizens' Coalition for Economic Justice (CCEJ), an apartment in Seoul fetched 43.09 million won ($36,590) per pyeong, or 3.3 square meters, on average as of November, up 109 percent compared to May 2017 when Moon was sworn into office.
The average price of 99.1-square-meter apartments in the capital also jumped from 620 million won in May 2017 to 1.29 billion won in November. CCEJ said it analyzed price changes of 117,000 units in a total of 75 sampled apartment compounds across Seoul.
According to the group, the time it takes for the average Seoul worker to buy an apartment by income savings also increased from 20 years to 38 years.
The presented data is the latest evidence of the Moon administration's failure to bring down runaway housing prices despite repeated pledges to do so.
The Moon government has implemented a string of anti-speculation measures, including steep hikes in real estate taxes, to rein in house prices in Seoul and other major cities, but surging apartment prices have been a major source of detriment to Moon's approval ratings. (Yonhap)
PM expresses hope for mature relations with China
Opposition party leader ends 24-day hunger strike for treatment
Allies vow stern measures against Russia-N. Korea arms deal