“It’s a lot of interest, but is it even a tax bomb?”… Anxious’Young Cull’ 2030

It is noteworthy whether the public price of apartments in Seoul, which increased significantly last year, will increase significantly as the public price of apartment houses in 2021 is approaching one day ahead. In particular, apartments of 20 pyeong in Masongseong (Mapo, Yongsan, Seongdong-gu) will also exceed the official price of 900 million won, which is the standard for comprehensive real estate tax, and the possibility of the 2030 Young Klue’s tax crisis is predicted.

According to the Ministry of Land, Infrastructure and Transport on the 11th, owners will be able to view and hear opinions on the publicly announced prices for apartment houses nationwide as of January 1st this year.

The publicly announced housing and land prices announced by the government are used not only as the basis for taxation such as property tax and comprehensive real estate tax, but also in 63 systems in five areas including welfare, calculation of contributions, and taxes. For this reason, there are constant complaints and noises related to this when the public price reading period is reached.

The official price of apartment houses in Seoul has risen sharply in recent years, including 14.01% in 2019 and 14.75% in 2020. Also this year, the publicly priced apartment prices in Seoul are expected to increase significantly. The quoted price is calculated by multiplying the market price by the realization rate because both the market price and the realization rate continued to rise.

Apartment prices in Seoul recorded a record-breaking increase last year. The index of actual apartment transaction prices in Seoul, released by the Korea Appraisal Board, rose 21.7% from 129.4 in December 2019 to 157.5 in December last year. Compared to the 9.01% increase in the previous year, the increase was even greater.

The rate of actualization of the quoted price also rises. In November of last year, the government announced that it would raise the official price of apartments, which is 69.0% of the current market price, to 90%. Houses with a market price of less than 900 million won gradually raise the public price by about 2 percentage points per year to reach the target of 90% in 2030, and houses above 900 million won will immediately increase by 3 percentage points per year, resulting in a realization rate of 90% in 2025-2027. The goal is to achieve. Last year, the public price of apartment houses under 900 million won rose 1.96%, while those over 900 million won rose 21.12%.

A hint can also be found in the official price of a standard single-family house in 2021, which was announced in December of last year. This is because the plan for real estate listing prices was reflected from the listed prices for standard housing this year. The official price of standard housing in Seoul this year rose 10.13%, exceeding 6.82% in the previous year.

With the rising real estate prices and the increase in the official price realization rate, the comprehensive real estate tax, once regarded as a symbol of the wealthy, is gradually becoming more popular. Last year, out of the 2,527,868 apartment houses in Seoul, the public price of more than 900 million won, which is subject to the taxation tax, accounted for 11.1% of a total of 280,033 units. More than one out of 10 apartments, villas, and tenement houses in the Seoul area is paying the tax. This is a number that doubled in just three years from 5.5% in 2018.

It is expected that a large number of small-sized pyeongsu-dos in the Gangnam region will participate in the process of paying the taxation tax for small-sized pyeongwaters in the Gangnam region, exceeding the official price of 900 million won. Assuming that the public price realization rate of houses with a market price of 900 million won or more is 75.2%, a 3 percentage point increase from 72.2% last year, a quoted price of approximately 1.2 billion won will be 900 million won.

Among apartments with more than 500 households with an exclusive area of ​​over 1.2 billion won in Masongseong last year, e-Pyeonhansesang Mapo River Park (2020 publicly announced price 855 million won), Raemian Mapo Well Stream (793 million won), Yongsan e Pyeonhansesang (797 million won), Hillstate Seoul Forest River (780 million won), e-Pyunhansesang Kumho Park Hill (850 million won), Shingeumho Park Xi (763 million won), Seoul Forest River View Xi (800 million won) 40 million won) are expected to exceed the published price of 900 million won, which is based on the taxation tax.

This is a significant change considering that only one of the 20 pyeong units in Gangbuk until 2019 that exceeded the official price of 900 million won was one of the most expensive houses in Korea, Hannam The Hill.

In particular, the 2030 households, who belatedly bought real estate with’panic buying’ last year, mainly bought Mayongseong apartments, so they are concerned about their tax burden. I bought a house by attracting credit loans, but because interest rates increase due to an increase in interest rates, I have to pay an unexpected tax. In the case of an apartment with a publicly announced price of 910 million won, even one homeowner is subject to a final tax of 1.27 million won.

According to last year’s statistics, 2030 households purchased 29.2% of apartment transactions nationwide. The proportion of 2030 households purchased by apartments in the Masongseong area was 42.1%, which was much higher than this.

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