President Lee Jae-myung emphasized that he will "mobilize all policy measures to create a situation where selling is more advantageous than holding for multi-home owners as well as single-home owners who hold properties for investment or speculation rather than residential purposes."
In a post on X (formerly Twitter) on the 26th, President Lee stated, "We will actively protect normal residential use while designing measures to thoroughly block investment and speculation using housing." He added, "Ultra-high-priced homes will face burdens and regulations corresponding to levels in advanced country capitals," signaling plans to further strengthen real estate regulations.
Regarding the expiration of the capital gains tax surcharge deferral for multi-home owners on May 9, he said, "Government authority comes from trust and consistency. A government that loses authority becomes not just a lame duck but a vegetable." He continued, "For stable government operation and the authority and trust of government policy, we cannot allow multi-home owners who held out to be better off than those who sold before May 9." This is interpreted as directly targeting the possibility of "locked-up listings" raised in the market.
President Lee also emphasized, "The government will create a situation through strong financial, tax, and regulatory measures where selling is profitable and holding out results in greater losses." He added, "Holding out is your freedom, but it would be good to keep this in mind."
He further stated, "Locked-up listings will suffocate, and holding out will become an even greater burden," adding that "ensuring those who go against government policy and break the rules do not profit is the core of normalizing the Republic of Korea."