Mortgage loan limit 3hundred-million-won era, a Seoul home requires 10hundred-million-won in personal capital
With the housing mortgage loan limit capped at 3hundred million won, the personal capital burden has grown for those seeking to buy a home in Seoul. Reports have followed that major commercial banks will restrict lending standards and loan-agent activities from the latter half of the month.7There have been successive reports that major commercial banks will restrict lending standards and loan-agent activities from the latter half of the month.
With the housing mortgage loan limit capped at 3hundred million won, the personal capital burden has grown for those seeking to buy a home in Seoul. This change was a common fact in several reports published on 7the 9th and 10th.
7The major commercial banks decided to tighten housing mortgage loan standards in the second half of the year. Some banks proposed reducing existing limits to about half.9The major commercial banks decided to tighten housing mortgage loan standards in the second half of the year. Some banks proposed reducing existing limits to about half.
Banks also issued guidelines restricting loan-agent activities. Changes are coming to loan-brokerage channels and sales practices.
One report presented the expression “self-funded capital of billion won” using the example of a home in Seoul.10The reports presented this figure as an example of the burden on consumers.
Brokerages have been successively announcing second-half investment strategies and real estate outlooks or holding seminars. LS Securities also held a related seminar.
Reports from the securities market said that the dominance of Samsung Electronics and SK hynix was easing, raising the possibility of rotational buying in the second half. Views emerged on differentiation by industry.
Corporate disclosure news also emerged. Shin Poong decided to acquire treasury shares worth billion won.10Corporate disclosure news also emerged. Shin Poong decided to acquire treasury shares worth billion won.
All of these reports were made public in 7 month on 9 and 10 days. A notable feature was that changes to banks’ lending conditions and corporate disclosures emerged during the same period.