PURCHASE SENTIMENT OF APARTMENTS DROP

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The purchase sentiment of apartment houses has dropped for the 3rd straight month, hitting the lowest level in 2 years and 9 months nationwide. According to data by the Korea Real Estate Board, the index on the supply and demand of apartment transactions recorded 89.3 this week, down from 90.1 last week. A reading below the benchmark 100 indicates that sellers outnumber buyers in the housing market.