The official price of apartment houses in Busan this year rose by an average of 19.67%. Haeundae and Suyeong-gu rose more than 30%. The number of houses subject to comprehensive real estate tax was 12,510, more than three times higher than last year.
Suyeong-gu has the highest increase rate at 34%
More than three times the amount subject to the taxation tax
The official price of apartment houses in Busan in 2021 (as of January 1 this year), announced by the Ministry of Land, Infrastructure and Transport on the 15th, rose 19.67%. Last year, it rose only 0.02%. By region, Suyeong-gu rose the most with 34.31%. This was followed by Haeundae-gu (31.44%), Dongnae-gu (25.15%), Gangseo-gu (24.82%), Yeonje-gu (23.68%), Nam-gu (23.25%), Geumjeong-gu (14.68%), and Busanjin-gu (13.96%). Jung-gu, the only one, fell 0.93%. The average public price was 22.3 billion won, exceeding 200 million won for the first time. The listed prices rose 10.15% in Gyeongnam and 18.68% in Ulsan, respectively.
The public price in Busan rose similarly to the national average (19.08%, last year 5.98%) because apartment prices rose significantly last year, and the market price reflection rate determined when charging the publicly priced price increased. This year’s published price realization rate (the rate of reflecting the published price against the market price) was 70.2%, up 1.2 percentage points from last year (69.0%). The government plans to realize the public housing price up to 90% by 2030.
Housing ownership tax is also expected to rise sharply due to the rise in public prices. The number of Busan houses with an official price of 900 million won or more, which is subject to the comprehensive real estate tax (deposit tax) based on one household per household, increased to 12,510 units, more than three times (327.4%) from 2,927 last year. Considering the realization rate, the official price of 900 million won is actually an apartment of 1.29 billion won, so it can be seen that the number of expensive apartments in Busan has increased a lot.
The housing tax is levied when the public price is 900 million won for one house for one household, and for multi-homed owners, when the public price exceeds 600 million won. Public housing prices can be viewed on the website of the’Real Estate Listed Price Alert’ and the Civil Service Office of Si/Gun/Gu. It is confirmed on April 29 after receiving the opinion of the homeowner and deliberating.
Reporter Hwang Sun-yoon [email protected]
