Seoul Apartment Listings Fall 4% After Heavier Capital Gains Tax Returns

Seoul apartment listings fell quickly after the heavier capital gains tax on multi-homeowners was reinstated. According to Hankyung.com, Asil data showed 65,682 apartment listings in Seoul as of May 11, 2026. That was down 1,232 from 66,914 on May 10 and down 2,813, or 4.1%, from 68,495 on May 9. By district, Gangdong fell 8.9%, from 3,928 to 3,582 listings, followed by Seongbuk at 6.2%, Gangseo at 5.4%, Nowon at 5.1%, and Dongdaemun at 4.9%. Seocho fell 4.7%, Songpa 4.1%, and Gangnam 3.0%. Owners of two homes face an additional 20 percentage points on top of the basic rate, while owners of three or more face 30 percentage points. The report said owners were withdrawing listings, raising asking prices, and waiting on the sidelines, while experts cited the possibility of higher monthly rents due to holding-tax burdens. Source: hankyung.com.