Government Begins Public Discussions from 14th to 16th Ahead of Real Estate Forum Led by the President on 23rd
The government will hold public discussions from the 14th to the 16th on housing supply, housing finance, and real estate taxation to gather public opinions ahead of the real estate forum on 23rd led by the President. Ministers and experts will participate, and the entire process will be broadcast live.
The government will hold public discussions from the 14th to the 16th to gather citizens' opinions on the housing supply, housing finance, and real estate taxation sectors ahead of the real estate forum led by the President on the 23rd. The forum on the 23rd is expected to discuss the future direction of real estate policy.
On the 14th, a discussion on housing supply and regulation hosted by the Ministry of Land, Infrastructure and Transport will take place at 2:30 PM. On the 15th, a discussion on housing finance hosted by the Financial Services Commission will follow, and on the 16th, a discussion on real estate taxation hosted by the Ministry of Finance and Economy will be held.
The housing supply discussion will cover the rationalization of regulations on private redevelopment and reconstruction, as well as ways to utilize urban idle land such as the Yongsan International Business District. The expansion of non-apartment supply and adjustments to financial and tax regulations for multiple homeowners will also be topics of discussion.
The housing finance discussion will address adjustments to lending regulations for actual users, including youth, the expansion of policy loans, guarantee ratios for Jeonse loans, and restrictions on relocation loans. An online feedback collection platform will be operated.
In the real estate taxation discussion, key issues include the level of property tax, criteria for comprehensive real estate tax, differential taxation based on actual residence, and strengthening taxation on high-priced housing. Discussions will also include special deductions for long-term holdings, increased taxation on capital gains, and reductions in acquisition tax.
Ministers from the relevant departments will attend each discussion, which will proceed with expert presentations followed by discussions among participants. The entire process will be broadcast live, and the results of the online feedback collection will be reflected in the forum on the 23rd.