5.78%p higher than this year… Dong-gu was the lowest in the country with 5.01%
The official land price of Ulsan Standard Land for next year will increase by 7.54%.
According to the Ministry of Land, Infrastructure and Transport on the 23rd, while the publicly announced land price of national standard land for next year will rise 10.37%, Ulsan will rise 7.54%.
The rate of increase in the publicly announced land price in Ulsan next year was 5.78%p higher than this year (1.76%), the highest in three years since 2018.
The announced land price, which showed a change of 8.22% in 2018, gradually decreased to 5.40% in 2019 and 1.76% in 2020, and then increased sharply next year.
As the real estate market in Ulsan has recently overheated, the land market has also been shaken.
According to statistics from the Korea Real Estate Agency, house prices in Ulsan rose 4.96% until last month this year, and only apartments rose 6.71%. Compared to the decrease of 3.33% and 4.24%, respectively, during the same period last year, it has increased significantly.
Next year, the national standard increase rate is 10.37%, the highest in 14 years since it reached 12.40% in 2007. This is 0.95%p higher than last year’s increase rate of 9.42%, when the government raised the publicly listed real estate prices at once.
The high rate of increase in publicly announced standard land prices is due to the high rate of increase in Sejong and other regions due to the influence of the government’s publicly announced price realization rate (published price/market price) roadmap.
Earlier, the government announced a roadmap for the real estate public price realization rate, and announced that the real estate rate, which is 65.5% this year, will be raised to 90.0% for 15 years until 2035, and that it will set it to 68.6% next year.
Looking at the rates of change in officially announced land prices by city, county and district, the rate of change in Yangyang-gun, Gangwon-do was the highest at 19.86%. Following that, Gyeongbuk Gunwi-gun (15.69%), Gangnam-gu, Seoul (13.83%), Suseong-gu, Daegu (13.82%), and Nam-gu, Busan (13.76%) showed a high rate of increase.
The lowest growth rate in the country is in Gyeongnam Tongyeong (3.94%). This was followed by Gunsan city in Jeonbuk (4.57%), Dangjin city in Chungnam (4.64%), Dong-gu in Ulsan (5.01%), and Taebaek city in Gangwon (5.23%). Dong-gu, Ulsan, remained in the lower part of the country (#4) in the aftermath of the downturn in the shipbuilding industry. However, this year’s official land price increased from the rate of change (0.28%).
The Ministry of Land, Transport and Maritime Affairs will conduct a 20-day reading of the owners and opinions on the publicly announced land price of 520,000 standard parcels as of January 1 of next year from the 24th to January 12 of next year.
The publicly announced land price plan is expected to be decided and disclosed on February 1 of next year after hearing opinions of the owners and local governments and deliberation by the Central Real Estate Price Disclosure Committee.
The publicly announced land price can be viewed from 0 o’clock on the 24th on the official realty price alert site (www.realtyprice.kr) and opinions can be presented.
Reporter Kim Ji-eun
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