Category | Land Lease (Private Building / Public Land) | Buyback Condition |
---|---|---|
Free Trade | Was possible after resale restriction but banned since 2021 (now includes buyback) | Never allowed: resale only to the government |
Ownership Custom | Conflicts with cultural expectations of land ownership | Consistent with dual ownership of land & building |
Market Profit | No capital gains | No capital gains (even with proposed “profit sharing” policy, effectiveness is unclear) |
Category | Total Sale Price | Individual Payment | Ownership | Residency | Registration | Rental Rights | Maintenance Fees |
---|---|---|---|---|---|---|---|
General Buyer (Resident) | ₩1B | ₩500M | ½ | Yes | Traditional registration |
70–90% of market rent | Full responsibility |
Token Buyer (Investor) | ₩500M | ½ | No | Blockchain-based e-registration |
None | None |
Category | Market Value | Sale Price | Ownership | Residency | Registration | Rental Rights | Maintenance Fees |
---|---|---|---|---|---|---|---|
For Residence | ₩1.3B | ₩650M | ½ | Yes | Traditional | 70–90% of market rent | Full responsibility |
For Investment | ₩650M | ½ | No | Blockchain e-registry | None | None |
Category | General Sale (Residence) | Token Sale (Investment) |
---|---|---|
Purpose | Actual living | Portfolio diversification, capital gains |
Ownership Share | 50% | 50% |
Usage Rights | Yes | None |
Lease Rights | Rental at 70–90% of half-price value | None |
Property Tax | O | X |
Registration Tax | O | X |
Maintenance Fees | Full responsibility | X |
Mortgage | 60–90% of the discounted property value | Possible (future product) |
Liquidity | Real estate sale | Token trading |
Sale Method | Traditional real estate agent | Token exchange |
Capital Gains Tax | Applicable | Applicable |
Category | Details | Example |
---|---|---|
Trading Unit) | Each apartment unit as recorded on the registry | XX Apartment, Bldg 101, Unit 1001 |
Token Unit Price | ₩1,000 or ₩5,000 per token | (depending on liquidity) |
Trading Hours | 24/7 | |
Collateral / Margin | 100% | |
Trading Platform | Dedicated App | Token Exchange |