KOREA REAL ESTATE BOARD-TF for Official Notification of Multi-Family House Prices

Major Business

This term refers to the prices officially notified by the Minister of Land, Infrastructure and Transport after conducting a survey and appraisal of the adequacy of the prices of multi-family houses as of base date of official notification.
Base date of official notification: January 1 every year (regular official notification) / June 1 (Additional official notification)

Apartment houses under Article 2 3 of the Housing Act are subjects of survey and appraisal, as are multi-family houses designed for living purposes, such as apartment houses, tenement houses, and multi-family houses.

Adequate prices having the highest possibility of a normal transaction in the traditional multi-family house market as of the base date of official notification are surveyed and calculated.
The following are not used in cases of transactions, cases of appraisal, cases of sales, and popular prices. Prices focused in asking prices and abnormal transaction prices in specific conditions are not used.