President Yoon Suk-yeol of South Korea has declared his commitment to implement policies that will encourage the sale of properties held by individuals for investment or speculation, rather than for residential purposes. He emphasized that while typical residential housing will receive robust protections, stringent measures will be constructed to stifle any investment-related activities in the real estate market. This is part of a broader strategy to ensure housing remains accessible primarily for its intended residential uses, rather than as a vehicle for profit.

On social media, Yoon outlined the criteria by which the government will regulate housing, suggesting that the burdens and restrictions placed on homeowners will be specifically tailored based on factors such as whether the property serves as a primary residence, the number of homes owned, and property prices. Notably, high-end housing will incur stricter regulations, akin to standards in developed countries, to mitigate speculative pressures. He also hinted at potential adjustments to tax incentives that have previously facilitated long-term property ownership, particularly for non-residential investment homes.

Yoon acknowledged concerns about a potential stall in housing transactions following the expiry of a tax exemption for multiple home sales on May 9. He articulated the necessity for a stable real estate market, warning against any scenario where property holders who choose to hold onto their homes would gain unfair advantages over those who sell beforehand. This situation, he argued, could lead to significant market disruptions, undermining public trust in government policies and destabilizing the housing sector overall.