High-end Seoul apartment auctions cool as bid rate falls to 90.0%

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  • Sambo Apartments’ high-end Yeouido unit failed to sell in its second auction.
  • High-end apartment bid rates fell from 125.3% in January to 90.9% in August.
  • Mid-to-low-priced Seoul outskirts apartments attracted 16 to 17 bidders in August.
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