[Photo] Surge in Fire-Sale Listings in Gangnam

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On February 5, apartment sale listings are posted in front of a certified real estate agency located in a large apartment complex in Seoul. As President Lee Jaemyung has signaled the end of the temporary suspension of the heavier capital gains tax on owners of multiple homes, pressure to put properties on the market has increased, and apartment listings continue to rise, especially in the Gangnam area of Seoul and along the Han River.

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