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President Lee Jae-myung will personally chair a real estate policy debate on the 23rd, ahead of a tax reform package expected as early as late July, with property holding taxes at the center. Key items on the table include raising holding tax rates, differentiating owner-occupier single-home households from non-resident and multi-home owners, and shifting the comprehensive real estate tax base from the number of homes owned to total portfolio value, changes that would pressure demand for high-end housing and weigh on Korean construction, banking, and real estate-linked equities. Watch the concrete thresholds and tax-base decision that emerge from the debate and the final reform bill, which will determine whether the market reads this as targeted taxation of ultra-high-value homes or a broad-based tightening of housing demand.
As a Macro signal, watch whether it changes price action, volatility, or flows around KOSPI.
Original Source: 토큰포스트
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