President Lee sells Bundang apartment below market value in real estate stabilization push. The 164-square-meter unit in Seongnam was listed at 2.9 billion won, below current market estimates of 3.1 to 3.2 billion won. The presidential office framed the sale as a commitment to normalizing South Korea's housing market, with officials stating Lee believes reinvesting proceeds into financial instruments like exchange-traded funds would be more economically advantageous. The move follows political pressure from opposition parties criticizing Lee for promoting market stabilization while holding the property. Several presidential aides have similarly listed properties for sale in alignment with administration housing policy. Market analysts note the timing reflects broader concerns about South Korea's real estate sector amid tightening lending rules and rising household debt levels.
