How Will Property Holding and Transaction Taxes Change? President Lee Orders Key Issues to Be Announced Ahead of Real Estate Policy Debate

Key Issues Raised: Non-Primary Residences, Relationship Between Holding and Transaction Taxes

President Lee Jae-myung announced that, ahead of the upcoming National Real Estate Policy Grand Debate scheduled for July 23, he will instruct relevant ministries and Blue House advisers to publicly notify core issues such as the restructuring of property holding taxes and transaction taxes in advance. The intention is to present the main real estate issues first and then gather public feedback.

President Lee Jae-myung is delivering a greeting at a meeting with compatriots held at a hotel in Ulaanbaatar, Mongolia on the 10th (local time). 2026.7.10 Yonhap News Agency

On July 10, President Lee shared a news report about the announcement of the real estate grand debate schedule via X (formerly Twitter) and made these remarks.

President Lee cited several key issues, including the appropriate level of property holding tax, whether there should be a difference between primary residences for actual occupancy and non-residential or multi-home ownership, what level of difference is appropriate, whether ultra-high-priced primary residences should be handled separately, what the additional burden should be for ultra-high-priced homes, the relationship between holding taxes and transaction taxes, and the intended uses of property tax revenue.

President Lee wrote, "If we announce the major issues in advance, it will help facilitate a national debate, won't it?" He added, "I hope everyone will also share your opinions on the key issues."

This statement followed the Blue House's announcement earlier in the morning that President Lee will attend the National Real Estate Policy Grand Debate on July 23. Previously, the Blue House stated that, while supply measures will proceed as planned, the forum will also discuss rational improvements to real estate taxation, including holding and transaction taxes.

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