S. Korean construction business sentiment worsens in January: think tank
By Park Sae-jin
Posted : April 26, 2013, 10:01
Updated : April 26, 2013, 10:01
In December, the CBSI stood at 68.9 as the government cut acquisition taxes for house purchases as part of efforts to revive the freezing property market.
If the CBSI falls to below 100, that means the number of pessimistic builders is more than that of optimistic ones.
Fortunately, the CBSI is expected to soar to 77.2 in February, up 11.8 points from January, the institute said.
By Josephine Liu Yan Yee