“트럼프 비방 글 올려”…3시간 만에 잘린 검사, 미 법무부 상대 소송

Seoul apartment land-use permit applications have been steadily decreasing for three consecutive months, with the rate of price increases also halving. Among the hardest-hit areas are Gangnam-gu and Jung-gu, while low-to-mid-priced apartments in Jongno-gu and southern Seoul continue to show relative strength. The Seoul government reported on July 14 that the new land-use permit applications for Seoul apartments totaled 4,681.

This was a 47.5% decrease from April's 8,911 applications and an 11.7% drop from June's 5,304 applications. The decline has persisted for three months since April, with an average of 212.8 applications per day, the lowest since this year began. Since Seoul designated all land-use permit application districts as zoning districts last October, the cumulative applications have reached 53,114.

Within the metropolitan area, the largest decrease was seen in Gangnam-gu and Jung-gu, with a 21.6% decline in applications from June (691) to July (542). The share of total applications also fell from 13.0% to 11.6%. Meanwhile, the share of applications in Gangnu-gu's 10 districts increased from 46.2% to 46.7%, while it rose from 18.8% to 19.7% in southern Seoul's four districts.

The land-use permit application fees rose by 1.41% compared to the previous month, but the increase rate slowed down compared to the 2.67% growth in June. Gangnam-gu and Jung-gu saw increases of 0.38% and 0.63%, respectively, while Gangnu-gu and southern Seoul experienced rises of 1.78% and 2.29%. The Seoul government analyzed that the real impact of the loan regulation on low-to-mid-priced housing is reflected in the continued demand for smaller properties.

The reduction in applications for housing that can be lived in due to the government's extension of the exemption policy accounted for 4.5% of the total. The Seoul government views the decrease in applications from June by 23.6% as not significant due to the government's expansion of the exemption target. This report is based on data formed prior to the release of the government's 8·3 tax reform bill on June 13.

The Seoul government expects the 8th month land-use permit statistics to show the first reaction of the Seoul housing market to the two policy measures announced that day.