President Yoon Suk-yeol has listed his jointly-owned apartment in Bundang, located in Seongnam, for 2.9 billion won, significantly below its market value, as revealed by the Blue House. This decision seems to align with Yoon's intent to demonstrate commitment to normalizing the real estate market, especially as he previously planned to occupy the apartment post-presidency. The change of heart has raised eyebrows, as it diverges from his earlier stance of retaining the property after leaving office.

A spokesperson from the Blue House explained that President Yoon considers holding onto the property a financial liability, opting instead to invest the proceeds in exchange-traded funds (ETFs) or other financial avenues, which he believes will yield a higher return. The spokesperson indicated that President Yoon thinks that if he sells now and the market normalizes, he could reinvest in real estate at a lower price post-presidency, indicating a strategic approach to his financial future in the current economic climate.

This property listing is not an isolated incident; during a previous political campaign in 2022, President Yoon had attempted to sell the same Bundang apartment at 1 billion won below its then-market price. However, that attempt failed due to the high price exceeding the cap for mortgage loans and reduced buyer interest amid rising interest rates. The current listing lowers the price yet again, reflecting ongoing shifts in the South Korean real estate market and the broader economic conditions affecting personal investment decisions.