Seoul's land transaction permission system takes effect Monday, again
Published: 23 Mar. 2025, 18:34
![Pictured are apartments in Songpa District, southern Seoul, on March 23, a day before the "land transaction permission system" temporarily takes effect in four affluent districts of the capital. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/03/23/5b825669-833e-4407-8bbd-1f6bac9b5389.jpg)
Pictured are apartments in Songpa District, southern Seoul, on March 23, a day before the "land transaction permission system" temporarily takes effect in four affluent districts of the capital. [YONHAP]
Pictured are apartments in Songpa District, southern Seoul, on March 23, a day before the "land transaction permission system" temporarily takes effect in four affluent districts of the capital.
The system, which will require government permission for transactions exceeding a certain size, will last through Sept. 30 and aims to stabilize the real estate market following a three-month-high price surge in February.
with the Korea JoongAng Daily
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