Suncheon-si, Individual Official Land Price Determination, Announcement, and Objection Submission

Viewing and Objection Submission for Individual Official Land Prices Until the 30th of Next Month

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City, Jeollanam-do (Mayor Heo Seok) announced that it has decided and publicly notified the individual land prices for 287,925 parcels as of January 1 this year, and will accept objections until the 30th of next month.

Since January, the city has conducted investigations on the characteristics of individual lands, selected comparable standard lands, calculated land prices, verified them with appraisers, collected opinions from landowners and stakeholders, and completed administrative procedures including deliberation by the Suncheon Real Estate Price Public Notice Committee.

The individual land prices announced this year increased by an average of 9.95% compared to the previous year. The highest price was for a commercial land in the Yeonhyang shopping fashion street, at 4,274,000 KRW per square meter, and the lowest price was for forest land in the conservation management area of Wolgye-ri, Seungju-eup, at 247 KRW per square meter.

The individual land prices can be viewed on the Ministry of Land, Infrastructure and Transport’s Real Estate Price Public Notice website and the city’s homepage. If there are any objections, an objection form can be submitted by mail, fax, or in person to the city’s Land Information Division or the Eup/Myeon/Dong administrative welfare centers.

For lands with received objections, a re-investigation of characteristics and price balance will be conducted, followed by verification by appraisers and re-deliberation by the Suncheon Real Estate Price Public Notice Committee. The results will be notified to the applicants by July 26.

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