Seoul Apartment Prices Halved After 10/15 Measure

Here’s a breakdown of⁤ the information provided, focusing on the key details:

Image Description:

The image shows Hong Seok-ki, head of the National ⁤Police Agency’s examination bureau, holding a joint briefing with related ministries regarding responses to illegal real estate activities. ⁢The briefing took place at the Seoul ⁣Government Complex on October 30th. The photo was taken by Senior Reporter Jeong Ji-yoon.

Real Estate Market Trends (Gyeonggi-do, South Korea):

* ⁢ October 15 Measures⁣ Impact: The “October 15⁤ Measures” (likely government regulations) seem⁢ to be⁣ having a cooling effect on apartment price increases in the 12 regulated areas of⁣ Gyeonggi-do province.
* ⁢ Slowdown in Price Growth: Apartment price increases slowed⁢ down in most of these regulated areas, with the exception of Gwonseon-gu, Suwon-si.
* Areas⁣ with‍ Decreasing Growth: Notable areas where the ⁣rate of price increase slowed include:
*⁣ Bundang-gu, Seongnam-si (from 1.78% to 0.82%)
* Gwacheon-si (from 1.48% to 0.58%)
* hanam-si (from 0.63% to 0.57%)
* Gwangmyeong-si (from 0.76% to 0.48%)
* ⁢ Areas with Increased Growth: Three areas not designated as regulated areas saw an increase in the rate of apartment price increases:
* Hwaseong City (from ⁢0.00% to 0.13%)
*⁢ ⁢Guri City (data incomplete in the provided text)

In essence, the article ⁣suggests that the government’s regulations are working⁢ to slow down price increases in targeted areas, ‍but areas outside of those regulations are experiencing increased growth.