On the morning of the 19th, local governments across the country, including Seoul, disclosed individual housing prices and began the process of collecting opinions. The disclosure target is 4.17 million households, including multi-family housing, multi-family housing, and purpose-built mixed housing nationwide. The photo shows a luxury housing complex in Hannam-dong, Yongsan-gu, Seoul this afternoon. News 1
It was found that the publicly priced house in Hannam-dong, Yongsan-gu, Seoul by the late Samsung Group Chairman Lee Kun-hee, the nation’s most expensive detached house, surpassed 43 billion won this year.
According to the published price of individual detached houses this year, which was released by local governments across the country on the 19th, the house in Hannam-dong (1245.1㎡) of late Chairman Lee Kun-hee rose 5.6% to 4.15 billion won from 4,885 billion won last year. If you own only this house and do not receive tax credits, it is estimated that the ownership tax will increase by 42.0% from 955.319 million won last year to 1.35352 million won this year. However, depending on who the heir to this house is, the comprehensive real estate tax may be excessive.
Chairman Lee’s house (3422.9㎡) in Itaewon-dong, Yongsan-gu, the second most expensive house, rose 2.2% from 34.2 billion won last year to 34.9 billion won this year. The official prices of single-family homes of former presidents have also risen a lot. Former President Chun Doo-hwan’s main house in Yeonhui-dong, Seodaemun-gu (419.5m2), rose 7.9% from 3,37 million won to 3,274 billion won. Former President Lee Myung-bak’s home in Nonhyeon-dong (1299.1㎡) rose by 13.9% from 10.160 million won to 1.57 billion won, and former President Park Geun-hye’s home in Naegok-dong (570.6㎡) rose 8.4% from 1.46 billion won to 1.58 billion won.
The targets of this disclosure of individual detached house prices are 4.17 million households, including multi-family housing, multi-family housing, and mixed-use housing nationwide. On the 15th, the official price of apartments and apartments announced by the Ministry of Land, Infrastructure and Transport rose 19.08% on average nationwide and 19.91% on average in Seoul. The official price of individual detached houses also increased by 7% on average nationwide and 10% on average in Seoul. Following the publicly announced prices of apartment houses, the price of individual detached houses is also expected to surge, increasing the tax burden on homeowners.
The published price of an individual detached house is determined based on the published standard detached house price previously announced by the government after surveying 230,000 representative households. It is a structure in which each local government compares the characteristics and status of individual houses to determine. For this reason, by looking at the published prices for standard houses, the public prices for individual houses can be predicted. On December 17 last year, the Ministry of Land, Infrastructure and Transport unveiled the official price for standard housing for 2021, which is a 6.68% increase from the previous year. This is a 2.21 percentage point increase from 4.47% last year.
The official price of standard housing in Seoul rose by 10.13%, higher than the national average, and by 11.58% for high-priced houses over 1.5 billion won. Among Seoul, Dongjak-gu had the highest increase rate with an average of 12.86%. The listed price increase rate was highest in order of Seocho-gu (12.19%), Gangnam-gu (11.93%), Songpa-gu (11.86%), and Mapo-gu (11.39%).
The published price realization rate for standard detached houses is 55.8%. The Ministry of Land, Infrastructure and Transport plans to increase the realization rate to 90% over 7 to 15 years for each price segment according to the roadmap for the realization rate of the published standard housing prices. The period for viewing the published prices of individual detached houses is from this day to the 7th of the following month. After that, the final public price is decided after receiving an objection.
Reporter Kim Won [email protected]
