S. Korean gov't to announce revised real estate measures to curb overheated housing market
Updated: 2020-07-10 08:59:29 KST
The South Korean government is set to roll out yet another set of real estate measures aimed at curbing soaring house prices.
Finance minister Hong Nam-ki will hold a briefing at 11:30 AM,where he will lay out a wide range of real estate policies affecting tax, banking, and housing supply.
Those policies are expected to include a further hike in comprehensive real estate holding tax for multiple homeowners,… and the scrapping or reduction of tax benefits for rental businesses.
On the other hand, the government is likely to expand privileges for those who owns no properties.