The Ministry of Land, Infrastructure, and Transport refutes the criticism of Won Hee-ryong and Cho Eun-hee’s “noticeable real estate price”

Input 2021.04.06 16:19

Jeju-do·Seocho-gu “disclosed public price” vs. Ministry of Land, Infrastructure, and Transport “Not true”

Local governments led by opposition politicians such as Jeju-do Governor Won Hee-ryong and Seocho-gu Officer Cho Eun-hee, Seoul, and the Ministry of Land, Infrastructure and Transport are debating over the appropriateness of the published real estate prices in 2021.

The published price is used as an administrative indicator that determines real estate-related taxes, such as property tax and property tax, health insurance premiums, and beneficiaries of the basic pension for the elderly. For example, if the public price exceeds 900 million won, it is subject to taxation based on one house per household.

Governor Won Hee-ryong of People’s Power and Mayor Cho Eun-hee at a press conference on the 5th presented an example of an error in the publicly announced real estate price announced by the government and demanded that “the government’s decision to disclose real estate prices be transferred to the local government.” These local governments revealed that they found such an error by investigating their own apartment houses.

Now, on the 6th, the Ministry of Land, Infrastructure and Transport held a briefing in which the highest level of real estate disclosure-related staff including Susang Kim, head of the Housing and Land Office, and Tae-rak Son, the head of the Korea Real Estate Agency, dispatched a briefing and refuted their claims.



Kim Soo-sang, head of the Ministry of Land, Infrastructure and Transport (left) and the head of the Korea Real Estate Agency, Son Tae-rak, are holding a seat at the Sejong City Government Complex Sejong on the afternoon of the 6th for a briefing on the published price calculation standards such as Seocho-gu and Jeju-do. /yunhap news

◇ Jeju-do·Seocho-gu “The right to decide on real estate disclosure price, transfer to local government”

According to the Jeju Provincial Office, in Ara-dong in Jeju-si, Jeju-do, the public price of all households increased by 5.2~13.7% for one of the four buildings this year, from the 1st to the 5th floor. However, for the rest of the three households, the list price for all households was lower than last year.

In Ara-dong, Jeju-si, houses on Line 2 out of the 4 lines in the same building fell 11.0 to 11.5% from last year, but line 4 next to Line 4 increased by 6.8~7.4% per house.

In the same apartment complex, the public price for some buildings increased by 30%, while others did not.

Accordingly, a Jeju-do official said, “I cannot understand the difference in the rate of increase in the published price of apartments with the same regional factors or physical characteristics.”

According to the Seocho-gu Office, in Seocho-gu, Seoul, the official price of Banpo Family Apartment Building 102, Banpo-dong, rose 29.5% to 967 million won, compared to last year, but the price for 101-dong, Dong-in, increased 14.9% to 880 million won. 102 dongs belonged to the comprehensive real estate tax, which is divided on the basis of 900 million won, but 101 dongs were omitted.

In some cases, the published price was higher than the actual transaction price. The 80㎡ of exclusive area for C Apartment in Seocho-dong, which was completed last year, had an actual transaction price of 1.26 billion won last year, but the publicly announced price was set at 1.538 billion won.

There was also a case where the public price of land rental apartments and pre-sale apartments was reversed. The official price of LH Seocho Complex 5, a land rental apartment in Umyeon-dong, Seocho-gu, was 1,016 billion won this year, but the same area of ​​the nearby Seocho Hills, which is a pre-sale apartment, was 988 million won. Last year, the published price of Seocho Hills was higher, but this year, the price of LH Seocho Complex 5 rose 53.9%, and the price reversed.

◇ Ministry of Land, Infrastructure and Transport “Disclosure of basic calculation data on the 29th of this month”

The Ministry of Land, Transport and Maritime Affairs held a briefing on the 6th and refuted the claims of Seocho-gu, Jeju-do, with the head of the housing and land office, Soo-sang Kim and Tae-rak Son, the chief executive officer of the real estate disclosure.

First of all, in relation to Ara-dong B apartment in Jeju Island that’there is a line with a publicly announced price up and a line down in the same dong’, the Ministry of Land, Infrastructure and Transport said it was “reflecting the market price.” Lines 1 and 4 are 33 pyeong, and lines 2 and 3 are 52 pyeong.According to the actual transaction case and the market price information of KB Real Estate Agency, the price of 33 pyeong has risen, but the price of 52 pyeong has declined.

Regarding the Seocho-dong C Apartment, which says’the public price is higher than the actual transaction price’, the Ministry of Land, Infrastructure and Transport said, “The actual transaction price of 1.26 billion won cannot be viewed as an appropriate market price.” It is said that the price of 1.26 billion won is lower than the market price, with a 31 pyeong (80.52 m2) type newly constructed in 2020 with a similar transaction price of 1.8 to 2.2 billion won and the jeonse price of the same complex of 1.1 billion won.

For the land rental apartment LH Seocho Complex 5 in Umyeon-dong, which exceeded the price of Seocho Hills, a condominium for sale in the vicinity, it was called “the land rental for sale in 2011,” and “there is already an active transaction in the building part, and the market price has been formed. “There is,” he refuted.

However, it did not provide an explanation for the apartment A in Ara-dong or Banpo Family Apartment in Banpo-dong, where the fate of each dong in the same complex was mixed.

Meanwhile, the Ministry of Land, Infrastructure and Transport plans to disclose basic data for calculating the published prices in accordance with the determination and disclosure of the published prices on the 29th of this month.

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