South Korea designates Dongtan, Giheung, Guri as new regulated real estate zones

The South Korean Ministry of Land, Infrastructure, and Transport has officially designated three new areas as regulated zones, signaling increased government intervention in the real estate market. The newly restricted areas are Dongtan-gu in Hwaseong City, Giheung-gu in Yongin City, and the entirety of Guri City.

These designations place the specified districts under stricter oversight, likely involving measures aimed at curbing speculative activities and stabilizing property prices. Such regulations typically include limitations on loan-to-value ratios, restrictions on multiple home ownership, and enhanced taxes for property investors.

The government's move underscores its commitment to managing the nation's housing market. By targeting these specific areas, authorities aim to preemptively address potential overheating and ensure more sustainable property market conditions across the country.