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Seoul implements new land transaction controls in four districts to curb rising home prices.
The Seoul city government has reintroduced a temporary land transaction permission system in four wealthy districts—Gangnam, Seocho, Songpa, and Yongsan—aiming to stabilize the real estate market.
This system requires government approval for property transactions exceeding a certain size, in response to a recent surge in home prices and household loans.
The measure, set for six months, may be extended or expanded if prices continue to rise.
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Seúl aplica nuevos controles de transacciones de tierras en cuatro distritos para frenar el aumento de los precios de las viviendas.