[Suwon Ilbo=Reporter Seo Dong-young] Osan City's 2021 standard land price rose 9.76% compared to the previous year.
This follows the Ministry of Land, Infrastructure and Transport Minister's decision and announcement on the 1st regarding 624 standard land plots in Osan City that serve as the basis for calculating individual announced land prices, as well as standard land plots nationwide. The rate is similar to Gyeonggi Province's average increase rate and slightly lower than the national average increase rate.
Nationwide prices rose 10.39%, Gyeonggi Province rose 9.74%, and Osan City rose 9.76% respectively compared to the previous year.
The price increase is attributed to changes in zoning areas and various development projects.
The standard land announced price is an evaluated and announced fair market price for land based on January 1st each year, and serves as the benchmark for appraisals and calculations for approximately 39,000 individual announced land price survey target plots in Osan City.
The standard land announced price can be viewed on the Ministry of Land, Infrastructure and Transport website (www.molit.go.kr), the Real Estate Announced Price Alerter website (www.realtyprice.kr), and at the Osan City Hall Land Information Division until the 2nd of next month. Those who object to the price can file an objection with the Ministry of Land, Infrastructure and Transport during the same period.
Based on the announced standard land price, Osan City will implement individual announced land price calculation from February 1st. Following verification by dedicated appraisers and review by landowners and interested parties, it plans to make its final decision and announcement on May 31st.
For other inquiries regarding standard land announced prices, please contact the Osan City Hall Land Information Division (031-8036-7302~3).
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