South Korea apartment move-in outlook falls to 94.4 as lending tightens

South Korea's apartment move-in outlook index for August fell to 94.4 from 97.5 a month earlier, remaining below the 100 threshold that separates positive and negative expectations, as tighter bank lending standards, stock-market volatility and uncertainty over a proposed tax-code overhaul made buyers more cautious. The Korea Housing Institute said the weakness was most pronounced in Seoul and the greater capital area, while actual nationwide move-ins also softened and delays tied to failure to secure a balance-payment loan rose to 31.5%, indicating mounting funding strain. Separate market data also pointed to a tightening Seoul housing backdrop, with jeonse listings down 14.1% from the start of the year and 10,347 renewed jeonse contracts due to expire by year-end, adding pressure to rental supply and broader residential market conditions.

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