The rate of change in the publicly announced prices of apartment houses nationwide in 2021. Reporter Song Jeong-geun
This year, the public housing price (proposal) rose 19%, and the number of apartments exceeding 900 million won, which is subject to comprehensive real estate tax (deposit tax), increased by more than 210,000 households. ‘Nodogang’, which refers to Nowon, Dobong, and Gangbuk-gu, Seoul, has a 30% increase in public price, and Sejong has a whopping 70%. As warned by the government, the owners of expensive apartments and multi-homed people were forced to avoid the’holding tax bomb’.
Sejong rise rate higher than Seoul
On the 15th, the Ministry of Land, Infrastructure and Transport announced the announced price (plan) for apartment houses (apartments, row houses, multi-family houses) for 2021, and announced that the national average rate of increase in public prices was 19.08%. Compared to last year’s 5.98%, the increase increased by 13.1 percentage points. It is the highest rate of increase since it jumped 22.7% in 2007.
The region where the official price rose the most is Sejong, where the politics of last year saw a relocation of the capital. 70.68% jumped, raising the national average. Gyeonggi (23.96%), Daejeon (20.57%), Seoul (19.91%) and Busan (19.67%).
Sejong also ranks first in the nation with the median public price of 423 million won. This is the first time that Seoul has been pushed out of the median number 1 since 2006, when the price of apartment houses began to be disclosed. The median price of apartment houses in Seoul this year is 380 million won, and 160 million won nationwide.
In Seoul, the Nodo River has risen significantly. Dobong-gu (26.19%) and Gangbuk-gu (22.37%) also increased above the Seoul average, starting with Nowon-gu (34.66%), which recorded the highest rate of increase. Areas undervalued compared to Gangnam, such as Seongbuk-gu (28.01%), Gangdong-gu (27.25%), and Dongdaemun-gu (26.81%), also showed a remarkable rise.
It is analyzed that the increase in the house price is the main reason that the public housing price jumped significantly this year. In addition, the increased realization rate (market price compared to the published price), which was raised according to the’public price roadmap’ announced by the government in November last year, also had an impact. The government plans to raise the market price reflection rate to the level of 90% over 5-10 years. This year’s realization rate was 70.2%, a 1.2 percentage point higher than last year’s 69%.
The rate of change in the public housing price (proposal) of apartment houses by Seoul autonomous districts in 2021. Reporter Song Jeong-geun
5,244,620 households exceeding 900 million won subject to tax
The official price of apartment houses is the basis for the imposition of taxes, including property taxes and taxation taxes. In particular, this year, the number of apartment houses exceeding 900 million won per household, subject to the taxation tax, has increased significantly due to the increase in public prices. Most of them are expensive apartments in the metropolitan area.
The number of apartment houses exceeding 900 million won totaled 52,620 households nationwide, an increase of 215,259 households (69.6%) compared to last year (3,09,361 households). Of these, 41,970 households are in Seoul. This is a 47% increase from 28,842 households last year.
The proportion of total apartment houses exceeding 900 million won is 3.7% in the country, but 16% in Seoul. In Seoul, as the prices of mid- to low-priced apartment houses in Gangbuk such as Nodo River rose, the target of the tax inclusion also increased.
In the Gyeonggi region, the number of households subject to the final tax was 84,323, more than four times higher than that of the previous year (2587 households). Busan also reached 12,510 households, more than four times higher than last year (2,912 households). Sejong, which was 25 households last year, increased 70 times to 1,760 this year.
The published price determines the property tax and final tax rate imposed as of June 1. In particular, this year, the tax rate has increased from 0.6-3.0% to 1.2-6.0% for each section. It is analyzed that the ownership tax of expensive apartments in Gangnam-gu, Seoul will be more than double that of last year even for a single house owner.
However, the subject of taxation has not yet been confirmed. The Ministry of Land, Infrastructure and Transport reflects the opinions of the owners from the 16th to the 5th of next month after review. After that, the official price is decided and disclosed on the 29th of the following month after deliberation by the Central Real Estate Price Disclosure Committee.
Reporter Kim Chang-hoon [email protected]
News directly edited by the Hankook Ilbo can also be viewed on Naver.
