Daejeon Official Land Price Up 5.99%... Eunhaeng-dong Highest at 14.14 Million KRW per 1㎡

[Asia Economy (Daejeon) Reporter Jeong Il-woong] This year, the average individual publicly announced land price in Daejeon rose by 5.99% compared to the previous year. The most expensive land in the region was in Eunhaeng-dong, Jung-gu, recording 14.14 million KRW per 1㎡.

Daejeon City announced the individual publicly announced land prices as of January 1 on the 29th. The announcement covers 227,234 parcels of land, excluding tax-exempt lands.

By district, the publicly announced land prices increased by 7.58% in Yuseong-gu, 5.92% in Seo-gu, 5.45% in Jung-gu, 4.50% in Dong-gu, and 4.09% in Daedeok-gu compared to the previous year.

The rise rates by district are analyzed to be influenced by the development projects such as Yuseong Doan Phase 2 and the International Science Business Belt project district, expectations for housing maintenance and redevelopment projects in Seo-gu and Jung-gu, and adjustments related to land price realization.

The highest land price in Daejeon was commercial land on Jungang-ro (Eunhaeng-dong), Jung-gu, which increased by 750,000 KRW compared to the previous year. The lowest land price was forest land in Secheon-dong, Dong-gu, recording 449 KRW per 1㎡, an increase of 13 KRW from the previous year.

The determined and announced individual land prices can be checked on the ‘Real Estate Public Price Informer’ website. Landowners who have objections can file an objection at the district office where the land is located within 30 days until the 29th of next month.

The city will re-investigate the appropriateness of the determined price for the lands with objections by the district mayor, followed by verification by an appraiser and review by the Real Estate Appraisal Committee, and notify the applicant of the results by July 27.

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