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‘Sanggye Jugong 7-dedicated 79㎡’ jumped by 46%, KRW 7 billion
Gangbuk 20 pyeong and Gangnam 10 pyeong or less are included in the tax target
Minister Byeon Chang-heum’s’Bangbae-dong apartment’ rose 38% to more than 900 million won
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As a result of analyzing the public housing prices this year, the Seoul Economic Daily, which began reading on the 16th, complexes, which rose by 50% from the previous year, appeared one after another in the outskirts of Seoul, such as Nowon-gu and Geumcheon-gu. In popular areas of Gangbuk, Seoul, small apartments with a size of 20 pyeong have been newly incorporated into the comprehensive real estate tax, and many complexes with official prices exceeding 900 million won in the metropolitan area and provinces have also emerged. In some areas, such as Seoul, Gangnam, and small apartments with a 10-pyeong unit per room, the tax is also paid. The apartment price in Bangbae-dong, owned by Minister of Land, Infrastructure and Transport Byun Chang-heum, also surpassed 900 million won this year, with a 38% increase in public prices.
◇ Disclosure is after the storm… The burden of ownership tax also increases sharply for the low-income class =According to the published price proposal for 2021 announced by the Ministry of Land, Infrastructure and Transport, the published price of 79 square meters dedicated to’Sanggye Jugong 7 Complex’ in Nowon-gu, Seoul is expected to be set at 770 million won. This is a 46.4% increase from the published price in 2020 (483 million won). Compared to the 10.8% increase compared to 2019 (436 million won) in 2020, the rise is steep. The 84.96m2 for’Hyundai’ in Hagye-dong, Nowon-gu also rose 43.9% from 453 million won to 652 million won. This year’s public price of 99.75m2 for’Jugong 19 Complex’ in Chang-dong, Dobong-gu was set at 648 million won, a 42.4% increase from last year (450 million won). The 84.92㎡ dedicated to’SK North Hansan City’ in Gangbuk-gu also jumped 42.5% from 366 million won to 523 million won. In addition, the publicly announced price of 84.93㎡ for’e-Pyunhansesang Doksan The Tower’ in Geumcheon-gu soared 49.1% from KRW 483 million to KRW 720 million.
These areas, located outside of Seoul, have shown relatively low rates of increase in public prices. However, as the house price rose due to the balloon effect of the policy failure, the publicly announced price also rose sharply. Now, the burden of ownership tax has increased sharply in residential complexes for the middle and low-income families.
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◇Gangnam is 10 pyeong, Ma Yongseong is 20 pyeong over 900 million won= With the public housing price soaring, even small and medium-sized owners of exclusive 59m2 (20 pyeong) apartments will be liable for comprehensive real estate tax. The 59.77m2 for’e-pyeonhansesangoksu park hills’ in Seongdong-gu surpassed 900 million won with an official price of 943 million won this year. It has risen by 24.6% compared to last year’s official price (757 million won). 59.98㎡ for’e-Pyunhansesang Mapo River Park’ in Yonggang-dong, Mapo-gu, also recorded a public price of 1.032 million won this year, up 21.0% from last year (853 million won).
This did not stop at the Gangbuk area of Seoul. The official price of 59.69m2 for’Gwacheon Raemian Central Suite’ in Gwacheon-si, Gyeonggi-do is expected to be set at 992 million won this year. This is an increase of 12.2% from last year (884 million won). The official price of 59㎡ exclusively for’Botdeul Village 4 Complex’ in Pangyo, Bundang-gu, Seongnam-si, is also levied at 95 million won.
In the case of high-priced apartments in the Gangnam area, small apartments with a size of 40 m2 (10 pyeong) or less for a single room have also entered the ranks of high-priced housing. This year’s official price of 39.55m2 for’Samsung Hill State 2nd’ in Samseong-dong, Gangnam-gu was 1.06 million won, which exceeded 900 million won, which is the standard for expensive housing, and was subject to taxation. The official price of 35㎡ dedicated to’Trimaze’ in Seongsu-dong 1-ga, Seongdong-gu also recorded 930 million won.
Also in the provinces, public prices are rising, mainly for major apartments. ‘Believe Beome’ in Beomeo-dong, Suseong-gu, Daegu this year, increased by 50% from last year’s (7228 million KRW) to 1,061 million won this year. It recorded 10,000 won.
Professor Shim Gyo-eon of Konkuk University said, “In general, an increase in the tax burden puts downward pressure on real estate prices, but this increase in the tax burden is foreseen. It is expected to be difficult.”
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/ Reporter Kwon Hyeok-jun [email protected], reporter Dong Ji-young [email protected], reporter Lee Deok-yeon [email protected]
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