How President Yoon Seok-yeol’s Plan to Abolish Publicly Announced Prices is Impacting Real Estate Taxes in Korea
◀ Again ▶ As you just saw, the most expensive apartment in Korea was sold for 25 billion won, but the government imposes taxes by setting the publicly announced price at 16.4 billion won, which is 8.6 billion won less than at the selling price. The “roadmap to realizing publicly announced prices” was intended to […]
Reduced public price, impact on the future real estate market?
Photo = Daily Korea Reporter Lee Hye-young [K그로우 김택수 기자] This year, as the price of flats (apartments and townhouses) publicly announced across the country fell by 18.61%, the biggest ever, the burden of holding taxes (comprehensive real estate tax + property tax) is expected to drop significantly from to compare with last year. Accordingly, […]
The most expensive apartment in public notice is ‘The Penthouse Cheongdam’ … KRW 16.24 billion
The official price of 407㎡ for ‘The Penthouse Cheongdam’ in Cheongdam-dong, Gangnam-gu, Seoul still won 16.24 billion, the highest in the country. The second and third places are ‘Nine One Hannam’ and ‘Hannam The Hill’ in Hannam-dong, Yongsan-gu. According to the Ministry of Land, Infrastructure and Transport on the 22nd, all but one of the […]
The number of apartments in the metropolitan area sold cheaper than the official price increased 5 times in 3 months
[아시아경제 류태민 기자] As the fall in house prices intensified following successive interest rate hikes, the number of transactions sold at prices below the official price increased sharply. An apartment complex in the Gangbuk area, including Seongbuk-gu, Seoul.[사진=연합뉴스] japchae On the 28th, real estate brokerage firm Ziptos analyzed the status of apartment sales in the […]
There is a surge in apartments in the metropolitan area trading below the official price due to falling house prices
Image Zoom As house prices fell rapidly from the second half of last year, it was found that the number of flats in the metropolitan area, trading below the official price, increased sharply in the fourth quarter. As a result of analyzing the status of apartment sales in the metropolitan area through the Ministry of […]
A sharp increase in flats sold in the metropolitan area cheaper than the ‘official price’
A view of apartments in downtown Seoul. Kyunghyang Shinmun data picture As house prices have fallen rapidly since the second half of last year, the number of flats in the metropolitan area that have been traded below the publicly announced flat price has increased significantly. In Seoul, so-called ‘minus premium (mapi)’ sales that offer sales […]
Selling at a lower price than the official price, and selling rights to ‘mapi’… Capital unknown area house prices
In the fourth quarter of last year, there were 303 ‘transactions below the public price’… a 6x increase from the 1st to the 3rd quarter There is also a put right which has been reduced by 100 million units in the inverse tax crisis… Concern over charter can As house prices have fallen rapidly since […]
The price of a house is lower than the public price… Will ‘reversal transactions’ increase more this year?
There is a rapid increase in sales transactions below the official price, especially for flats. If the real estate market continues to decline this year, such reverse transactions are expected to be frequent. [사진=연합뉴스] [이뉴스투데이 박예진 기자] As the range of housing price reduction increases day by day, the number of transactions below the official […]
Flat prices that fell below the official price… ‘Quick sale’ by crying and eating mustard
Photo = Provided by Yonhap News [K그로우 이연진 기자] Last year, apartment prices across the country fell sharply, and apartments that fell more than the official price are appearing one after another. In fact, among apartments traded on the website, the number of transactions below the official price continues to increase. This phenomenon is due […]
Published price rises by 10% for 2 consecutive years… Expensive housing ownership tax ‘bomb’
Photo = Reporter Jae-seong Park, Economic Review [이코노믹리뷰=이소현 기자] The standard published price has risen more than 10% for the second year in a row. The official land price is an index that is the basis for calculating various taxes and charges such as property tax, comprehensive real estate tax, and health insurance premium. The […]
