Park Habsu, co-chairman of the Korean Real Estate Experts Club (adjunct professor at the Graduate School of Real Estate at Konkuk University), said, "In this era of supply shortages, the tax on multiple-homeowners should be increased."
Chairman Park noted on the afternoon of the 17th at the 5th forum of the Real Estate Experts Club, held under the theme "Analysis of This Month's Real Estate Issues."
Chairman Park stated, "Currently, there is an absolute shortage of supply even for single-homeowners," adding, "We must temporarily block multiple-homeowners armed with liquidity from entering the apartment market using the gap investment method."
Currently, the increased tax on multiple-homeowners applies only in regulated areas such as Gangnam's three districts and Yongsan District. In adjustment target areas, the increased tax on multiple-homeowners applies starting from the second home, and Chairman Park argued that this should be expanded to Seoul and the metropolitan area. He asserted, "The increased tax on multiple-homeowners should be expanded to include the Seoul area and the metropolitan area restricting excessive concentration, thereby establishing a constant taxation system by administrative district."
Chairman Park remarked on the new government's real estate policy, stating, "While the general direction has not yet emerged, saying 'we will not suppress the market through taxes' and 'we will steadily expand supply' is meaningful."
He also emphasized that "supply and demand suppression measures must go hand in hand," stating, "Supply must be rapidly expanded for the 3rd new towns, reconstruction and redevelopment, urban development projects, and non-apartment options. Demand suppression measures should maintain the increased tax on multiple-homeowners."
Meanwhile, the Korean Real Estate Experts Club, which was launched in February, is composed of specialists in the real estate sector, including developers, architects, appraisers, tax accountants, lawyers, financiers, construction companies, licensed real estate agents, and investment firms. Chairman Park, along with Mo Hyun-sook, chairwoman of the Korean Real Estate Investment Trusts Advisory Association, and Jo Yong-moon, representative of the real estate artificial intelligence service 'Blue Bear,' serve as co-chairmen and conduct real estate-related lectures once a month.