Overview
- Presidential spokesperson Kang Yu-jung said the temporary suspension of the heavier capital gains surcharge for owners of multiple homes will expire on May 9 with no extension.
- Lee has repeatedly told multi-homeowners on X to sell before the deadline, calling the window a last chance and vowing to curb speculation by any means necessary.
- The suspended surcharge adds 20 percentage points for two-home owners and 30 points for three-home owners in regulated areas on top of a 6–45% base rate, reaching effective rates reported as high as about 82.5% for some sellers.
- The Blue House said broader property tax revisions are not the current focus and should be considered only as a last resort if other measures fail, even as the ruling Democratic Party leaves reform on the table.
- The People Power Party accuses Lee of pressuring the market and raising legal concerns over his social media governance, including potential issues under the Presidential Records Act.