President Lee Jae Myung on Wednesday reaffirmed his unwavering commitment to reining in the overheating housing market, emphasizing that the normalization of the real estate sector is a crucial national policy objective.
President Lee shared these important remarks on his X account, linking to a recent news article that forecasted a downward trend in property prices. This prediction was based on analyses from leading real estate experts and market agencies.
“The normalization of the real estate market is an inevitable trend of the time, as well as a key policy task for the country that must be accomplished,” the president stated, highlighting the government’s priority.
“The myth of real estate invincibility? Such a belief will no longer hold true,” he warned, underscoring the government’s resolve to stabilize the market.
