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I heard that Seoul's house prices, which have been slowing down for a while due to various regulations, are wringing around Gangnam. The government today announced plans to extend the cap on the sale price to private apartments as one of the strongest measures.

Reporter Kim Kwan-jin.

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If the pre-sale cap is extended to private housing sites for the first time, the presale price will be 20-30% lower than it is now.

It is reported that the government will also apply to complexes that provide pre-sale announcements after the sale price cap has been enforced.

Rebuilding complexes that have not yet completed migration are emergency.

Due to the time-to-sale announcement, many places have no choice but to apply to the system.

The complexes, which were considering the sale of post-sale, are speeding up their pre-sale schedules, fearing the price will fall further.

[Gangnam reconstruction apartment official: what will happen if you go to the upper limit… We can close the (pre-sale) consultation within a week (before the sale price cap).]

The National Research Institute, a national research institute, estimates that Seoul's house prices will be lowered by 1.1 percentage points annually if the sale price cap is enforced.

However, housing supply may shrink, and abundant liquid funds may move from reconstruction to new apartments.

Indeed, the price of homes in Seoul rose slightly, with the news that the sale price limit was scheduled to be announced.

There is also concern that the winners will get big market profits due to the low presale price. The prospect is to extend the resale period and include the ceiling on the rent to cheonsei.

The specific implementation plan will be decided at a parliamentary meeting today, and the ruling party may be concerned about the retreat.