Seongnam City in Gyeonggi Province will open the individual official land prices for 84,144 parcels, calculated as of January 1 this year, for public inspection and feedback.
The targeted lands are those for which the individual official land prices were calculated based on the standard land prices decided and announced by the Minister of Land, Infrastructure and Transport, and have been verified by certified appraisers.
Inspection is available on the Real Estate Price Disclosure website (www.realtyprice.kr) or on the city and district office websites. Landowners or stakeholders who have opinions on the individual official land prices must submit their opinion forms to the district office where the land is located by April 8.
For lands with submitted opinions, certified appraisers will re-examine the land characteristics and reassess whether the land price calculation maintains balance with nearby land prices and is appropriate.
Afterward, the Seongnam City Real Estate Price Disclosure Committee will review the cases, notify the opinion submitters, and decide and announce the individual official land prices by April 30.
A Seongnam City official urged, "Please be sure to check the individual official land prices during the inspection period and submit any opinions within the deadline."
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