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W54 Tril. Needed to Build 1.27 Mil. Apts. In North Korea.
(From Korea Times)
Assuming that Korea is to be reunified by 2010, 54 trillion won will have to be spent over the subsequent five years to achieve a housing supply ratio of 100 percent.
In a report, consigned by the Korea Housing Corp., the North Korean Economic Forum said that amount of funds will be necessary if North Korea is to achieve a full housing supply within five years after 2010.
At present, North Korea has 4,525,000 dwellings for a supply ratio of 78 percent, and this will have to be increased by 1,276,000 units to realize a sufficiency ratio of 100 ...
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