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Apartment price cap

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Intervention in realty market has more to lose than gain

The government appears set to introduce price ceilings on apartments built by private contractors. "It is time to consider applying price limits to apartments constructed by private builders," Minister of Land, Infrastructure and Transport Kim Hyun-mee told the National Assembly, Monday.

The price ceiling on new apartments is the Moon Jae-in administration's trump card to curb home prices. The government has been readying itself to use it at the slightest sign of a resurgence in housing prices.........

© The Korea Times