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Seoul Economic Daily
  • 17시간 전
Reconstruction costs and public-site compensation rules are both shifting, and both will affect what buyers pay and when they can sell.
The Gangnam district office has issued a preliminary reconstruction levy notice for the Eunma apartment association, with an average of about 463 million won per member. Separately, the government and ruling party are moving to let landowners in public housing projects take new apartments as compensation, with a 40 percent capital gains tax reduction and a single resale right. Private developers are also being pushed to meet a 1.5 million unit supply target in the Seoul metropolitan area over five years.

Sources:
- Eunma Reconstruction Association Receives Preliminary Levy Notice — Seoul Economic Daily, 2026-11-06
- Public-Site Landowners May Receive Apartments as Compensation with 40% Tax Cut — Seoul Economic Daily, 2026-11-06
- Minister Hong Ji-seon Pledges Quick Action on Private Housing Supply Obstacles — Seoul Economic Daily, 2026-11-06

AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance.
트랜스크립트
00:00before you sign anything in korea's property market the numbers just changed take the yunma apartment reconstruction for example the
00:07average burden per member is now over four hundred sixty million won it's saturday november seventh
00:12let's look at what's happening in korea's property market the gangnam district office has issued a preliminary notice for the
00:18yunma apartment reconstruction association the total expected levy is about 2.04 trillion won the per person average works out
00:26to roughly 463 million won here's what the numbers show the yunma reconstruction association received a preliminary notice of the
00:34reconstruction excess profit levy from the gangnam district office the total levy comes to about 2.04 trillion won and
00:41the average per member
00:42estimate is about 463 million won this figure is pegged to an expected completion date of october 15th 2035 the
00:50final amount will be set after completion based on housing prices and development costs on the policy side the government
00:57and the ruling democratic party are pushing to let landowners in public housing sites take new apartments as compensation with
01:04a 40 percent capital gains tax reduction resale would also be allowed once after the supply contract right now landowners
01:11can be locked in for
01:12up to 10 years the new rules aim to cut that by four to five years the ministry of land
01:17has also set a goal of 150 million housing units in the sole metropolitan area over the next five years
01:23private developers are being asked to shoulder most of that supply so what does this mean for buyers weighing a
01:29purchase this year earlier we said the numbers just changed here's what that actually means for you for buyers the
01:35reconstruction levy is a cost that will land on members before the building is finished
01:39easier resale rules easier resale rules and tax breaks could change how quickly public site supply comes to market keep
01:45an eye on the final levy figures the public site compensation bill and whether the new private sector support center
01:51launches on schedule this year that's today's ai prism real estate this episode was produced with ai assistance based on
01:59sole economic daily reporting ai prism is a won ifra award-winning series we'll be back tomorrow
02:05is a won ifra award-winning series we'll be back tomorrow

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