Countrywide Land Price Fluctuation Survey1005810058
Countrywide Land Price Fluctuation Survey
Overview of Survey
Name of statistics
Countrywide Land Price Fluctuation Survey
First year of preparation
1975
Type of statistics
Designation & survey statistics
Legal Basis
Approval No.: No. 315001
Approval date: May 21, 1984
Article 19 of the Act on the Reporting of Real Estate Transactions, etc. and Article 17 of the Enforcement Decree of the same Act.
Purpose of Survey
Countrywide land price fluctuation situations are surveyed and used as the data for time correction, etc. when implementing land prices and conducting appraisals.
Survey Cycle
Monthly
Survey Subjects
Objects: Land
Range: 80,000 lots
Unit: 250 si/gun/gu and basic administrative districts (eup/myeon/dong)
Areas: Entire country
Basic districts (eup/myeon/dong) : Survey unit (limited to dong areas, eup/myeon areas configure individual units) segmented by binding 1-5 legal dong having a close relationship in terms of geographical adjacency and similar price districts, etc.
Method of Survey
Samples and actual measurement surveys
Survey System
STEP01
Ministry of Land, Infrastructure and Transport
(Requesting survey/appraisal)
STEP02
REB
(Performance of survey/appraisal and preparation of statistics)
Survey Period
Reference time of survey : 1st of the next month after the corresponding month.
Survey period : From the 24th of the corresponding month to the 17th of the next month (about 25 days).
Continuity
Continuous statistics
Main history
May 21, 1984 : Approved preparation of statistics (No. 315001).
Dec. 9, 1996 : Designation of statistics
Apr. 2003 : Approval of amendment (Reorganization of survey system to meet changed service areas).
Jan. 2005 : Reorganization of the survey cycle (Quarterly →Monthly).
Jan. 2012 : Amendment of the survey system ((Korea Land and Housing Corporation / Korea Association of Property Appraisers →Korea Appraisal Board).
Sep. 2012 : Approval of amendment of statistics (redesign of samples to reflect changes in population (Reference time October 1st, 2012 = 100.0))
Nov. 2014 : Approval of amendment of statistics (redesign of samples to reflect the increased number of samples and changes in population [Reference time December 1, 2014 =100]).
Jul. 2015 : Approval of amendment of statistics (expansion of announcement unit of each eup/myeon/dong and additional announcement of auxiliary indexes).
Jan. 2017 : Approval of amendment of statistics (redesign of samples to reflect increased number of samples and changes in population [Reference time December 1st, 2016 =100]).
Dec. 2017 : Adjustment of basic districts (3,135 →3,134 districts, reflection of administrative districts in Namyangju-si, Gyeonggi-do [installation of Dasan-dong, etc.]).
Oct. 2020 : Approval of amendment of statistics (redesign of samples to reflect changes in population [Reference time September 1st, 2020 = 100], adjustment of basic districts to 3,139 districts).