Gwonseon-gu Housing Price Review and Opinion Submission

Gwonseon-gu (District Chief Kim Jeong-su) announced on the 3rd that it will conduct a review of the 2013 housing prices (provisional) for publicly disclosed joint and individual housing units based on January 1, 2013, and accept opinions from the 4th to the 25th.

As of January 1 this year, the total number of individually disclosed housing units in Gwonseon-gu is 10,971 units, with housing prices rising an average of 1.7% compared to last year.

The future trend of housing prices in Gwonseon-gu is expected to be influenced by the sustainability of economic recovery, demand changes for sites in the metropolitan area, and the pace of regional development projects such as redevelopment. Overall, the market is predicted to show stable upward momentum.

During the review period, housing owners and legal stakeholders can visit the District Tax Office or their respective district office to review housing prices. If the assessed price is deemed excessively high or low, opinions may be submitted.

For multi-family housing, reviews and opinion submissions are also available on the Ministry of Land, Infrastructure and Transport website, and postal submission is possible.

For housing where opinions have been submitted, price verification will be re-conducted after the review period by considering housing characteristics and price balance with neighboring properties. The prices will then be reviewed by the Suwon Real Estate Appraisal Committee and individual notices will be issued by April 19. Upon completion of notification, the 2013 housing prices will be finalized, and the final prices are scheduled to be publicly announced on April 30.