I noticed that about three gas stations and around five car repair shops have closed in Seoul. There are plenty more, but it seems to be a trend as I also see a lot of electric vehicles, which have a different color license plate.
The Seoul City government has been giving out low interest loans to develop real estate in the old parts of Seoul with old and worn out houses and buildings.
Several neighborhoods have been renovated with new buildings and apartments.
Even some of the old houses and building in my neighborhood have been turned into condominiums, townhouses and apartments.
These were built when property prices in Seoul were rapidly rising. Now, they are rapidly falling.
One of the studio apartment buildings charges too much for rent and has been completely vacant for a year now. I wonder if the owner will ever decide to lower the rent. Probably rich enough to wait it out indefinitely.
Lots of vacant apartments and office space in Seoul these days. Some have started to lower rent prices slightly.
