Seoul City Begins Individual Official Land Price Viewing... Public Comments Accepted Until the 26th
Available for Verification through Ilsapyeonri Seoul Real Estate Information Inquiry System
[Asia Economy Reporter Kim Hyemin] The Seoul Metropolitan Government will disclose the 2021 individual publicly announced land prices for 879,402 parcels located within the city from the 5th to the 26th and will collect opinions.
Individual publicly announced land prices refer to the price per square meter of individual land parcels surveyed, determined, and announced by the district office where the land is located. They are used as the basis for various national and local taxes, as well as charges.
The prices can be viewed on the Ilsa Pyeonri Seoul Real Estate Information Inquiry System under 'View/Determined Price' and are also accessible via the district office websites where the land is located.
Landowners or interested parties who have objections after viewing can submit their opinions by the 26th. Applications can be submitted through the website, mail, fax, or by visiting the district office or community service center where the land is located in person. Parcels with submitted opinions will undergo re-investigation and review, and individual notifications will be made by the 10th of next month.
During the viewing period, if there are doubts about the land price survey, direct consultations with professional appraisers are available. Consultations can be requested through the Seoul 120 Dasan Call Center or the district office where the land is located.
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The district office where the land is located will decide and announce the 2021 individual publicly announced land prices on May 31 after completing the viewing and opinion collection procedures. Objections to this decision can be filed from May 31 to June 30, and the results of the objection handling will be notified to the objectors by July 28.
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