The delinquency rate for youth Bogeumjari loans in non-apartment homes such as villas, studios and officetels in the Seoul metropolitan area reached 0.78%, compared with 0.29% for apartments, according to the Kyunghyang Shinmun. The gap is nearly threefold, reversing the pattern seen through 2019 when apartment borrowers had the higher rate.
The figures are being interpreted alongside income and asset differences between apartment and non-apartment buyers, but the single report does not establish a direct cause.