Residential blocks and houses are seen from the observation deck of the Lotte World Tower in Seoul, South Korea. Last year, Hong Kong investors bought US$203 million worth of real estate in the country. Photo: Bloomberg
Korea property boom fizzles out as investors balk at tax change plan
  • Foreign and local investment declined 31 per cent to US$4.44 billion in the first quarter from a year earlier
  • Real estate funds and private real estate investment trusts, which enjoyed lower levels of tax, will have to pay the same tax rates as regular companies
21 May 2019 - 7:17PM