Official Apartment Prices Rise 9.13%, 13% of Public Feedback Incorporated into Revisions

Official prices for apartment complexes nationwide will rise an average of 9.13% compared to last year, with final announcements set for the 30th. Official prices are a crucial indicator used to levy various taxes, including property tax, and as a standard for welfare benefits.

The Ministry of Land, Infrastructure and Transport had received owner opinions until the 6th following the announcement of the draft official prices.

The rate of submitted opinions reflected in actual price adjustments was tallied at 13.1%, with the government incorporating 13.1% of public opinions received prior to this into the actual price determination.