6 Out of 10 Illegal Direct Apartment Transactions Detected Nationwide Are in Seoul… Gangnam 3 Districts Alone Account for 40%
4 Articles
4 Articles
With numerous transactions suspected of illegality, such as irregular gifting, being detected during direct housing transactions, it was found that four out of every ten suspected cases occurred in Seoul's Gangnam 3 districts (Gangnam, Seocho, and Songpa). The Ministry of Land, Infrastructure and Transport is conducting a planned investigation targeting direct housing transactions reported nationwide from March 2025 to March 2026.
As a result of the government's comprehensive crackdown on illegal transaction practices that undermine fairness in the housing market, over 600 suspected violations have been identified. In particular, illegal transaction activities such as irregular gifting and misappropriation of loan funds have been found to be persistent in the housing market centered on major downtown areas of Seoul and the Gangnam district. According to the Ministry of La…
[Digital Daily Reporter Hwang Jin-hyun] It was found that 64% of suspected illegal transactions detected in a nationwide planned investigation into direct housing transactions occurred in Seoul. The number of detected cases in the "Gangnam 3" districts—Gangnam, Seocho, and Songpa—also accounted for 40% of the total. The Ministry of Land, Infrastructure and Transport announced on the 29th that it had detected 351 suspected illegal transactions a…
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