Apgujeong and Jamsil sales increase by 60% in one month… “Even if we lower the price by 100 million won, we haven’t received a single phone call to inquire.” Retirees in their 70s are packing up their belongings due to fear of transfer tax, and are selling in tears to avoid ‘punitive taxation.’ ‘Deadlock’ on actual residence requirement due to loan regulations… government regulations
https://n.news.naver.com/mnews/article/022/0004103968
As the transfer tax and deferment for those in their 70s pass, they are starting to throw it away.
The quick sale that has been lowered by 100 to 200 million won is not taking place as we are currently looking into it.
What’s really scary is the property tax.
Sooner or later, you start to get hit with the property tax pool.
100 to 200 million won is not the problem, but ‘steamed’ sales volume lowered by 1 billion or 2 billion seems likely to pour in.
In the end, there will be quick sales lowered by 1 to 2 billion due to fear of taxes.
The real estate market can really fluctuate.
Whoever sells as soon as possible is the winner.
If President Jam says he will do it, he will do it!!!!!!!!!!!