South Korea lawmakers are pursuing separate housing measures as borrowing costs and regional oversupply intensify. Democratic Party lawmaker Moon Jin-seok plans to raise the acquisition-price ceiling for tax relief on completed unsold apartments outside the greater Seoul area to 700 million won from 600 million won, while the Democratic Party has formally proposed extending through next year a residency waiver in land transaction permit zones and covering lease renewals. Completed unsold homes totaled 29,152 nationwide at the end of July, including 24,708 outside the greater Seoul area. The housing debate comes as the 10-year U.S. Treasury yield reached 5.039%, the market priced a 94.5% chance of a Federal Reserve rate increase, and the upper end of mixed-rate mortgages at the five major South Korean banks reached 7.29%. Reassessments found 13.1 trillion won, or 26%, of 50 trillion won in project finance held by securities and capital firms was long overdue. Seoul is also advancing high-density development pilots in Yeoksam-dong and Jayang-dong, while a revised Changsin-dong plan would allow up to 49 stories and 291 homes.