Despite Loan Regulations, There Was a Rush to Sell High-Priced Apartments Ahead of the Implementation of Heavy Capital Gains Tax.
3 Articles
3 Articles
Transactions of high-priced apartments in Seoul surged last April and May ahead of the government's implementation of heavier capital gains taxes for multiple homeowners. As properties sought to avoid the tax burden appeared on the market despite strict lending regulations, the proportion of transactions for apartments exceeding 1.5 billion won approached 28% in May, while the proportion of transactions exceeding 3 billion won reached its highes…
Proportion of transactions exceeding 3 billion won neared 6% last May… Annual peak; transactions exceeding 1.5 billion won also hit record high at 28%… Sales increased despite lending regulations; Tax burden on ultra-high-priced homes expected to surge… Sale of ultra-high-priced homes likely to rise (Seoul=Yonhap News) Reporter Seo Mi-sook = Government's capital gains tax
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
