1. What is the published price?
The published real estate price refers to the reasonable price of a house or land set by the country. It is often used as a criterion when setting taxes or selecting recipients of welfare benefits. Usually, houses are expressed as ‘approved price’, and in the case of land, it is expressed as ‘approved price’.
Official land price: Official price of land
Published house price: Published house price
The published price is different from the ‘actual transaction price’, which is the amount at which real estate is actually traded. The reflection rate of the actual transaction price of the public housing price in 2021 is about 70%, which is far below the actual transaction price. Due to tax resistance, we tend to estimate the published price a bit conservatively. 2022년 아파트 공시지가 조회
Listed price types (standard vs individual) 인생꿀팁
In the case of land, the ‘standard official land price’ is calculated by the Ministry of Land, Infrastructure and Transport selecting representative 500,000 lots among the land in the country. Then, each local government (si/gun/gu) determines the individual official land price of all land by referring to the standard official land price.
The published price of a house is divided into three categories: the publicly announced price for a multi-family house, the official price for a standard detached house, and the published price for an individual detached house. The publicly announced price of an apartment building refers to the published price of an apartment or villa, and for single-family houses or multi-family houses, the standard and individual official land prices are calculated respectively.
Apartment house: apartment, villa, multi-family (separate registration)
Detached house: detached house, multi-family house (separate registration x)
※ For reference, multi-family and multi-family refers to a house in which space is separated so that several households can live in a single-family house. Multiple households are registered separately for each house like a villa, and multi-family households are registered as one house in the registered copy of the register.
Similar to land, local governments (si/gun/gu) determine the published price for individual houses by referring to the standard published price for detached houses calculated annually by the Ministry of Land, Infrastructure and Transport. All apartment complexes are priced by the Ministry of Land, Infrastructure and Transport.
Calculation of published price & period of publication
The published price is determined once or twice a year depending on the type of real estate. The determined published price is published on the Real Estate Price Alert website.
Multi-unit housing (apartment, villa, multi-family): January 1st, June 1st every year
Standard detached house (detached house, multi-family): January 1 of every year
Individual detached house (detached house, multi-family): January 1st, June 1st every year
Official land price for standard lot (land): January 1 of every year
Individual official price (land): January 1st, July 1st every year
2. How to inquire about the published price of a house
Let’s see how to inquire about the published price of a house. First, access the Real Estate Price Alert. You can choose between an apartment house, a standard detached house, or an individual detached house, right? If you want to know the official price of land, you can choose between standard lot and individual official price.
Real Estate – Listed Price – Alert
As I said above, which one to choose depending on the type of house? For apartments and villas, all published prices by lake are listed, so you can browse the apartment house prices. The search method is very simple, so I don’t think I need to explain it.
Apartment House-Price-Browse
Although the Ministry of Land, Infrastructure and Transport announces the published prices for apartment houses and standard detached houses, the published prices for individual detached houses must be confirmed by each local government. If you click on ‘Individual Detached House Price’ on the main homepage, a link for each local government will appear.