Following the recent announcement of the government's tax revision plan, apartment sales prices in major areas of Gangnam, Seoul have been on a downward trend. Seocho-gu and Gangnam-gu turned to decline after 16 weeks and 14 weeks, respectively, due to the increased burden of high-priced housing holding tax. On the other hand, regions with price ranges below the mid-range are still maintaining their strength. The average apartment sales price in Seoul rose by 0.21%, and Gyeonggi and Incheon also showed an upward trend. Nationwide, the average apartment sales price rose by 0.08%.
