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If Lee Myung-bak’s policy is to go the same way as the previous policy, Lunar New Year’s house prices will go down.

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MB government’s major real estate measures
Year Announcement Date
Highlights
June 11th
Local unsold units LTV 6096 7096 Won and national tax on acquisition for 1 year 5096
August 21, 2008
Relaxation of pre-sale restrictions in the metropolitan area, gradual improvement of regulations for reconstruction, abolition of mandatory post-sale re-austerity
November 3
Speculative areas excluding Gangnam 3 districts
Release of overheated speculative districts, increase in re-austerity measures
August 20, 2009
Early occupancy and sale of complexes scheduled to be located in the metropolitan area, early supply of moulans
23rd of the month
Expansion of conditional purchase of housing for repurchase
August 29, 2010
Temporary DTI rate reduction for those who do not own a home or own a single-unit home; purchasing a home for the first time in one’s life
New now
March 22nd
5095 reduction in accommodation tax for housing transactions until the end of the year
2011
12 won 7 days
Local subscription function, local flower zone, overheated speculation district lifted
May 10th
Gangnam 3-gu, lifting of speculation zone, restriction on preemption of distribution rights, won
2012
September 10th
acquisition. National registration tax reduction, unsold housing transfer tax exemption
Lee Myung-bak government’s real estate policy
Moon Jae-in’s real estate policy
Lee Myung-bak’s real estate policy
(82 Real Estate Policy)
Transfer tax for multiple homeowners
Transfer tax for multiple homeowners
and extension of exclusion
and implementation (planned)
Acquisition tax reduction
Increase in drunkenness tax
Restriction on resale of pre-sale rights completed
Restrictions on resale of pre-sale rights
fury
fury
Tax support for rental business operators
Rental business registration
3

image text translation

Measures for local unsold units
6.11
LTV 7096 (formerly 6096), temporary exemption from transfer tax,
Acquisition tax [Registration tax 5096 reduction
Bogeumjari Housing Announcement
9.19
1 million in the metropolitan area, 500,000 in rural areas
2008
700,000 Bogeumjari houses, 800,000 long-term rental houses
9.15
J Lehman crisis begins global economic downturn
11.3
Comprehensive measures to overcome the economic crisis
Excluding Gangnam 3 districts; Overheating of speculation / cancellation of speculation zone
Tax support for economic revitalization, such as resolving unsold housing
2.12
Temporary reduction in transfer tax for unsold homes
Establishment of Housing Cheongak Comprehensive Savings
Lee Myung-bak
2009
Expansion of Bogeumjari Housing Supply
8.27
320,000 households of provincial Gruntalt housing
Supply of 22,000 households to Wire New Town
New housing subscription system established for the first time in life
9~10)
Strengthening regulations on DTI in the metropolitan area and DTL LTV in the 2nd Geumum area
4.23
Measures to resolve unsold housing and revitalize transactions
2010
8.29
Normalization of real demand housing transactions and housing stability for the working class and middle class
Support plan
2~3)
Complementary measures to stabilize the monthly rent market and revitalize housing transactions
2011
plan
8~12}]
Measures to normalize the housing market and stabilize housing for low-income people
2012
5.10
Normalization of housing transactions and housing stability for the working class and middle class
Support plan

Even if the apartment acquisition tax on local apartments is lowered by 50%, the prices in local areas will rise or there will be less crowds in the metropolitan area.

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