"Even urgent sales with 1 billion won price cuts aren't selling"... Gangnam homeowners growing desperate

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"Even urgent sales with 1 billion won price cuts aren't selling"... Gangnam homeowners growing desperate
n.news.naver.com
A cold wave has hit the real estate market in Seoul's Gangnam area after the government announced a tax reform plan on the 3rd that increases the tax burden on ultra-high-end housing. As urgent sales listings increase, apartment prices have fallen for two consecutive weeks, and transactions have come to a standstill. This May, capital gains tax for multi-homeowners