Public flats in Gangdeo, Seoul. The state has introduced tax cuts to spur home sales. Photo: Bloomberg

More South Koreans opting to lease as home values fall, pushing up rents

With market mired in worst slowdown for 13 years, government cuts property taxes to boost sales, but analysts doubt leasing boom will end

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Public flats in Gangdeo, Seoul. The state has introduced tax cuts to spur home sales. Photo: Bloomberg
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