Posted on 05/13/2018 4:50:50 PM PDT by 2ndDivisionVet
Forget Seoul's posh Gangnam district.
With North Korea pledging to reduce tensions and renew ties with its southern neighbour, South Korea's hottest property market is now along the heavily fortified border between the two countries.
Demand for property in small towns and sparsely populated rural areas around the Demilitarised Zone (DMZ) is surging on expectations of an influx of people and investment.
Kang Sung-wook, a 37-year old dentist in the South Korean border city of Paju, has bought eight separate lots of land in and around the DMZ since mid-March.
Five were purchased without ever setting foot on them, using only Google Earth satellite photos and maps, as areas inside the DMZ cannot not be accessed by the public.
Kang said buying interest jumped so sharply as relations between the former foes improved that he needed to move fast.
"I was out looking since North Korea-U.S. summit news was announced in March, and it looked like all the good ones were gone already," said Kang. "I realized then that the market was on fire."
His investment along the border now totals 3 billion won (£2.1 million) for 49 acres (20 hectares) of land....
(Excerpt) Read more at msn.com ...
Good luck, dude. Real estate speculation on steroids!!!
“Location, location, location.”
korean jooz.
TRUMP’S FAULT!!!
IIRC NoKo is rich in rare earth metals...and probably has some other assets.
Trump is raising the bar for future U.S. politicians.
They must make deals or they have failed.
This is "Generation Deal."
The Soviet Union fell only to be ruled by Oligarchs who raped the country’s natural resources and sold off anything of value. I really hope China has very little to do with the future unified Korea and Phat Boi can go “retire”.
More winning! I can’t handle it! Fit me for the straight jacket!
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