Gimpo, Busan Haeundae, and Daegu Suseong-gu Designated as Adjustment Targets

[Asia Economy Reporter Yoo In-ho] Recently, a real estate investment boom has been occurring in Gimpo-si, Gyeonggi Province, Busan's Haeundae, Suyeong, Dongnae, Yeonje, Nam-gu districts, and Daegu's Suseong-gu, which are set to be designated as regulated areas.

The Ministry of Land, Infrastructure and Transport announced on the 19th that it plans to hold a Residential Policy Deliberation Committee meeting to decide whether to designate these areas as regulated zones to curb overheating in housing prices.

Gimpo was excluded when most areas in the metropolitan area were designated as regulated zones during the June 17 measures, resulting in a balloon effect with an influx of investment demand.

Busan also experienced a recent overheating in the housing market, highlighted by the easing of regulations on loans, subscription, and taxation compared to the metropolitan area after being removed from the regulated zones in November last year.

According to recent data from the Korea Real Estate Board on housing price increases over the past three months, Haeundae-gu in Busan saw the highest price increase among non-regulated areas at 4.94%. Other districts such as Suyeong-gu (2.65%) and Dongnae-gu (2.58%) also experienced significant price rises.

In the case of Suseong-gu, Daegu, it is already designated as a speculative overheating district but is not a regulated area.

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