Apartment Fire Sales Rise Ahead of Multi-Home Tax Break Expiration

Finance|
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By Cho Tae-hyung
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Multiple homeowners rush to sell as capital gains tax surcharge deferral nears end - increase in 'urgent sales' - Seoul Economic Daily Finance News from South Korea
Multiple homeowners rush to sell as capital gains tax surcharge deferral nears end - increase in 'urgent sales'

A notice advertising urgent property sales is displayed at a real estate agency in Songpa-gu, Seoul, on February 9, as apartment fire sales emerge across the market. The government has confirmed that the capital gains tax relief for multi-property owners will expire on May 9.

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AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.