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Supply of new homes in South Korea expected to be at all-time high in 2021 Updated: 2021-05-06 13:06:12 KST

The amount of new housing supplied in South Korea this year is expected to hit an all-time high.
Finance Minister Hong Nam-ki said Thursday that roughly 500-thousand new homes will go onto the market in 2021.
This includes private housing, which will account for around 360-thousand to 390-thousand units.
Public housing is forecast to be at 92-thousand units.
The government will announce new sites for public housing this month as it aims to cool the overheated real estate market.
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