00:08다음 영상에서 만나요
00:30One more change. Bonus income now counts differently toward your loan limit.
00:36Here's what that does to your budget. It's Thursday, July 16th. Let's look at what's happening in Korea's property market.
00:45Seoul's new administration has made housing supply its priority, compressing reconstruction approvals that once took months.
00:53Rising steel prices push the government to lift the construction cost benchmark that caps new apartment prices.
01:01At the same time, banks' funding costs are climbing ahead of a possible rate hike, and regulators are tightening how
01:08bonus income counts toward loan limits.
01:10Here's what the numbers show.
01:12The June COFIX rose 0.15 points to 3.05 percent, its first reading above 3 percent in 17 months,
01:22lifting variable mortgage rates from the next business day.
01:26Fixed mortgage rates at the five major banks stand at 4.68 to 7.39 percent, up more than a
01:34full point at the top since late last year.
01:37A 0.25 point mortgage rate rise adds about 1.8 trillion won, roughly $1.2 billion in annual interest,
01:48or 296,000 won per borrower.
01:50The basic construction cost benchmark rose 0.77 percent to 2,237,000 won per square meter, about $1,510,
02:04lifting price caps in Gangnam, Seocho, Songpa, and Yongsan from July 15th.
02:11Unma Apartment 1 project approval, about 40 days after filing, and 15 sole complexes cleared integrated review in the first
02:20half.
02:21Regulators will average bonus income over three years instead of two in DSR calculations, trimming loan limits for high bonus
02:30earners.
02:31So what does this mean for buyers weighing a purchase in Korea?
02:35Earlier we said the financing math moved against you.
02:38Here's what that actually means for your budget.
02:42Recalculate your loan limit under the three-year bonus rule and today's rates before committing, because an approval now may
02:49not match a quote from spring.
02:51If you're waiting on a reconstruction unit, faster approvals pull supply forward, but higher price caps mean new Gangnam and
02:59Yongsan offerings will cost more, not less.
03:02That's today's AI Prism Real Estate.
03:06This episode was produced with AI Assistants based on Seoul Economic Daily reporting and reviewed by a human editor.
03:14AI Prism is a Juan Ifra award-winning series.
03:18We'll be back tomorrow.
03:19You've been listening to AI Prism from Seoul Economic Daily.
03:22We'll see you next time.
03:23Bye-bye.
03:23Bye-bye.
03:24Bye-bye.
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