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Korea Real Estate Board data released on the 3rd, covering the fifth week of August through the 31st, showed Seoul apartment transaction prices up 0.22%, a 0.07 percentage point deceleration from the prior week, while Gangnam and Seocho fell for a fourth consecutive week with the drop widening to roughly 0.4% in one week for the two districts. Cooling in the highest-priced Seoul segment, attributed to lingering concern over the tax code overhaul, softens the household credit and housing-collateral channel that has constrained the Bank of Korea, marginally improving the case for domestic rate easing while pressuring construction, brokerage-linked and property-exposed bank names. The confirmation point is whether the correction spreads beyond the two districts into broader Seoul in coming weekly prints and whether final tax reform details harden, which would extend the drawdown and tighten the collateral channel for KOSPI-listed lenders and developers.
As a Market signal, watch whether it changes price action, volatility, or flows around KOSPI, KRW=X.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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