Yongin City Announces Individual Land and Housing Prices on 28th... Objections Accepted Until 30th Next Month

Yongin City Hall

Yongin City in Gyeonggi Province announced on the 28th that it has determined and disclosed the individual publicly announced land prices and individual housing prices, and will accept viewing and objections until the 30th of next month.

Yongin City stated on the 28th that the land parcels determined and disclosed as of January 1 this year total 279,971 parcels, which can be viewed directly at the district offices and town/myeon/dong civil service centers where the land is located, or checked through the Yongin City website (www.yongin.go.kr) and the Real Estate Public Price Notification Service.

Yongin City's individual publicly announced land prices decreased by 5.51% compared to last year. By district, Cheoin-gu decreased by 5.4%, Giheung-gu by 5.59%, and Suji-gu by 5.56%.

For parcels where objections to the individual publicly announced land prices are received, the results will be notified by June 26 after verification by appraisal corporations and review by the Yongin City Real Estate Price Disclosure Committee.

The individual housing prices were also disclosed on the 28th. Individual housing prices are used as the tax base for national taxes such as comprehensive real estate tax, capital gains tax, inheritance tax, and local taxes such as property tax and acquisition tax.

The individual housing prices for 28,751 detached and multi-family houses, calculated as of January 1 this year, fell by 5.14% compared to last year. The price decline rate was highest in Suji-gu at 7.09%, followed by Giheung-gu at 6.08%, and Cheoin-gu at 3.28%.

Individual housing prices can be viewed at the tax departments of the district offices where the houses are located and at the town/myeon/dong civil service centers, or checked on the Real Estate Public Price Notification Service website (www.realtyprice.kr).

For houses subject to objections regarding housing prices, a reinvestigation will be conducted on the appropriateness of price calculation and price balance with nearby individual houses, and after procedures, individual notifications will be made in June.

A city official said, "It is necessary to check the individual publicly announced land prices and individual housing prices determined and disclosed during the objection period," and added, "For individual publicly announced land prices, opinions can be submitted anytime and anywhere through the 'Yongin City Cadastral 365 ON' internet window opened this year."

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