Additional Designation of Real Estate Regulation Zones Imminent… Expected Scope and Type

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Lim Ki-chang = The third real estate policy the Lee Jae-myung administration plans to announce this week is aimed at addressing the recent resurgence of market volatility in some areas of the metropolitan area...

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The entire Seoul area and 12 areas in Gyeonggi Province will be designated as regulated areas, including areas subject to adjustment, speculative overheating, and land transaction permit zones. The Ministry of Land, Infrastructure and Transport, the Ministry of Strategy and Finance, and the Financial Services Commission will hold a meeting of ministers related to real estate at the Government Complex Seoul this morning (the 15th).