Gwangyang-si to Verify Individual Housing Prices

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Gwangyang City, Jeollanam-do announced on the 23rd that it will conduct verification of individual house prices as of June 1 this year (June 21?29).

The city previously completed the characteristic survey and price estimation for 263 individual houses as of June 1 this year from May 3 to June 18.

The verification targets are 263 houses, excluding non-residential houses, among those with new construction, extensions, land division, or mergers occurring between January 1 and May 31 this year. The verification agency is the Korea Real Estate Board.

The main verification items include the appropriateness of standard house selection and house characteristic surveys, maintenance of balance with nearby house prices, and consistency with individual publicly announced land prices and land characteristics.

The verified individual house prices will be available for price inspection and opinion submission from August 10 to 30, and after review by the Real Estate Price Disclosure Committee, they are scheduled to be finalized and announced on September 30.

Park Jeong-geum, Head of the Collection Division, said, “Individual house prices are used as the basis for real estate-related taxes and health insurance premiums, so we ask for the citizens’ keen interest.”

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