Seoul City Begins 2020 Individual Official Land Price Inspection... Until May 4

Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Yuri Kim] The Seoul Metropolitan Government announced that from the 14th to May 4th, it will conduct public viewing and opinion collection on the 2020 individual official land prices for 880,827 parcels located within the city.

Individual official land prices are the price per square meter of individual land parcels investigated, determined, and announced by the district office where the land is located, and are used as the basis for various national and local taxes and charges. The individual official land prices can be viewed by accessing the Ilsa Pyeonri Seoul Real Estate Information Inquiry System, where they can be checked under the viewing and determined prices section. They can also be viewed on the website of the district office where the land is located.

After viewing the individual official land prices, if landowners or interested parties have any opinions regarding the land price viewing results, they can apply by accessing the Real Estate Price Civil Complaints and Individual Official Land Price Opinion Submission section on the Ilsa Pyeonri Real Estate Integrated Civil Complaints system by May 4th, or submit an application form by mail, fax, or by visiting the district office or local community service center where the land is located.

For lands with submitted opinions, the autonomous district where the land is located will re-investigate the price balance with nearby lands and standard lands, undergo detailed verification by certified appraisers, and review by the district real estate price announcement committee, then notify the results individually by May 15th. To provide prompt information, guidance on the processing stages and results for lands with submitted opinions will be sent via SMS.

If there are any questions about the land price survey during the individual official land price viewing period, direct consultation with professional certified appraisers is also available. To request a consultation, contact the Seoul 120 Dasan Call Center or the district office where the land is located to receive guidance on the procedure.

This viewing and opinion collection process is a procedure to announce more appropriate and fair prices by allowing public viewing and opinion collection on the prices investigated and calculated by the autonomous districts before the official determination and announcement scheduled for May 29th.

The 2020 individual official land prices will be determined and announced by the district office where the land is located after the viewing and opinion collection process in May. Objections to these prices can be submitted from May 29th to June 29th, and after verification of the objection prices and review by the district real estate price announcement committees, the results will be notified to the objectors by July 27th.

This content was produced with the assistance of AI translation services.