Small and mid-size construction stocks were strong on the morning of the 5th as expectations grew that the government would expand the supply of dwellings.

On the 12th, as apartment prices in Seoul increase for the fourth consecutive week and overheating becomes pronounced in non-regulated areas, foreign tourists take in the city skyline from Namsan in Seoul. /Courtesy of News1

On the morning of the day, Sangji Construction shares were trading on the KOSDAQ market at 12,790 won, up 29.98% (2,950 won) from the previous day. Sangji Construction has been hitting the upper price limit (the daily price rise limit) for three consecutive trading days since the 3rd.

ILSUNG Construction, Dongsin Construction, Namkwang Engineering & Construction, KCC E&C, Shinwon Construction, and Kyerong Construction were also all rising in unison.

It is interpreted that investor sentiment is flocking on expectations that the government's dwelling supply policy will pick up speed.

Earlier, on the 2nd, new Vice Minister 1 of the Ministry of Land, Infrastructure and Transport (MOLIT) Kim Ei-tak said at her inauguration ceremony, "To give people confidence that a sufficient supply of quality dwellings will be provided in the locations they want, the government must mobilize all its capabilities to swiftly implement follow-up measures to the Sept. 7 supply plan."

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