Gwonseon-gu Opens Public Inquiry Period for Individual Officially Announced Land Prices

[Suwon Ilbo=Correspondent Seo Dong-young] Gwonseon-gu in Suwon has completed the investigation and calculation of individually announced land prices as of January 1, 2020. The district will now accept applications for inspection of the individually announced land prices and opinions from land owners and related parties until the 4th of next month.

The 2020 individually announced land prices target 38,506 parcels of land. The prices were calculated by comparing land characteristics with comparative standard sites and individual parcels to achieve a balance between standard site prices and neighboring land prices, and underwent verification by certified appraisers.

Individually announced land prices are the land values per square meter (㎡) calculated as of January 1. Inspection methods include visiting the district office or administrative welfare centers in respective neighborhoods, or accessing the internet site 'Real Estate Official Price Notifier (www.realtyprice.kr:447)' to search desired areas. Land prices can also be inspected through the mobile Korea Appraisal Board app.

Land owners or interested parties with opinions may submit their views by filling out forms provided at inspection locations (district office, neighborhood administrative welfare centers) through direct visits or by mail.

The district will reinvestigate opinions submitted by land owners or interested parties by May 8 to determine whether they are balanced with prices of neighboring lands or standard sites. After verification by certified appraisers, the individually announced land prices will undergo deliberation by the Suwon Real Estate Price Public Notice Committee and will be finalized and announced on May 29.

For detailed inquiries regarding officially announced land prices, contact the district's Comprehensive Civil Affairs Division (031-228-6553).