You think this level of domestic interest rate hikes will stabilize housing prices?

While there is a rebound effect from prices being suppressed compared to popular nearby areas,
a standard-sized new apartment in Anyang recently traded at 1.73 billion KRW,
and a 23-year-old older Raemian apartment in Anyang is at 900 million KRW.
There is no reason for new builds to drop, and even well-branded older apartments
have no reason to see a significant decline for the time being.
One crucial point here is that since Gyeonggi-do provides a floor for the market,
Gangnam cannot simply continue to drop significantly.