Staggered Application by Birth Year; Usage Rules & Scams Alert: Benefit Payment Benefit Payment: Application Period & Eligibility Benefit Payment: The first benefit payment application runs from July 21, 9 AM, to September 12, 6 PM. To ease early congestion, a five-day staggered schedule (July 21–25) allows applicants based on their birth year’s last digit. … Read more
LX Hausys Targets Partial Renewal with Windows, Floors, Wallpaper: Summer Remodeling Summer Remodeling: One-Day Window Installation Summer Remodeling: The key to summer remodeling demand is the one-day window installation. LX Hausys’s “LX Z:IN Window View Frame” boasts top-tier insulation performance with an Energy Efficiency Grade 1 rating. Its bezel-less design virtually hides the frame, widening … Read more
No Contractor Selection Before Union Establishment: Remodeling Bill Remodeling Bill: Issue of the Amendment Bill Remodeling Bill: Yoo Dong-kyu, head of the Five New Towns Remodeling Initiative. Strongly opposes the Housing Act amendment that mandates selecting contractors only after union establishment approval. Remodeling projects keep the existing structure.W hile changing layouts and interiors, so residents … Read more
Rumors of Tax Overhaul: Holding Tax Hike Rumors Spread by “Street Sheet” in Securities Circles Rumors of Tax Overhaul: Real Estate TF Meeting and the “Street Sheet” Claims Rumors of Tax Overhaul: Online real‐estate forums recently circulated a “street sheet” claiming that the government’s Real Estate TF set holding‐tax rates at 1% for homes under … Read more
Pre-payments OK: LTV and Mortgage Capped at ₩600M…Gap Investment and Multi-homeowners Totally Blocked Pre-payments OK: Key Components of the June 27 Measures Pre-payments OK: On June 27, the government capped mortgage loans in the Seoul area and other regulated zones at ₩600 million, while prohibiting mortgages for multi-homeowners. Single-home owners must sell their former property … Read more
Ownership Tax Bomb: Even One‐Home Owners in Jamsil and Banpo Suffer…“Punitive Double Taxation” Debate Flare‐Up Ownership Tax Bomb: Why Single‐Home Owners’ Wealth Tax Soared Ownership Tax Bomb: With Seoul apartment appraisals up 3.25% on average in 2024. Single‐home owners faced a sharp rise in comprehensive real estate tax (CRET) liabilities. For instance, owners of a … Read more
경락잔금대출 규제, 낙찰 열기 한순간에 식었다 Zero Bidders…Failed Auction of Gangchon Apartment in Yongsan Following the stringent loan caps announced on June 27, a 84㎡ unit in Gangchon Apartment, Ichon-dong, Yongsan-gu went on auction at a minimum bid of KRW 1.792 billion but received zero bids. Remarkably, this exact unit fetched KRW 2.7 billion in … Read more
Post-6·27 Measures, Sales Volume and Value Drop Over 80% Seoul Apartment Transactions: Comparison of Transaction Volume Before and After the Measures Seoul Apartment Transactions: According to the Ministry of Land, Infrastructure and Transport’s real transaction system, Seoul apartment sales numbered 1,948 in the week before the June 27 loan cap measures (June 21–27), but plunged … Read more
Unlicensed Contractor: 50s Contractor Pocketed Renovation Fees, Abandoned Work…Court Labels “Poor Offense,” Imprisons Modus Operandi and Scale of the Fraud: Unlicensed Contractor Unlicensed Contractor: Defendant Mr. A (in his 50s) stood trial for defrauding law firms in Busan and a café owner in Daegu in 2020, pocketing a total of KRW 30 million under the … Read more
Ruling Party: No Tax Hikes to Curb Home Prices”…Policy Held Firm Amid Opposition Ruling Party: Democrats Say Immediate Property Tax Hikes Are Infeasible Ruling Party: At the July 1st floor leader meeting, Jin Sung-joon, Policy Chair of the Democratic Party, reaffirmed that President Lee Jae-myung’s pledge to avoid curbing real estate through higher taxes remains … Read more