Purchasing real estate in Sejong involves a series of steps, including making sure you know your budget and identifying what type of accommodations you’re looking for. It’s also important to research different neighborhoods and understand the local real estate market. This can help you determine whether you’re able to afford an apartment in Sejong, and which locations are the best fit for your lifestyle and preferences. This link:sejongrealtor.com
The ruling party’s proposal to move the Blue House and National Assembly, as well as other key ministries, to Sejong City, has sparked a new surge in housing prices there. Between July 14 and 20, apartment prices in Sejong City increased by 0.97 percent compared to the previous week, the highest increase nationwide. The price of jeans, or long-term rental deposits, increased by the same percentage.
Selling Your Sejong Home? Here’s Why a Realtor Is Essential
To encourage government workers to move to Sejong, the former administration set up a special program requiring construction companies to reserve a certain amount of apartments for government workers who want to buy them. But the program was a big failure. The apartments weren’t popular, and many were left unsold after their initial sales. Some even went on sale below the original price, which resulted in a loss of hundreds of millions of won for construction companies.
Affected by the rising property prices, the government is now rethinking the program. But there are still some problems with the plan. For example, young employees at ministries that relocated to Sejong City won’t be eligible for the special supply program if they’re hired after several years have passed since they moved.