Changes in Official Land Price in Seoul, 1990-2015. The data is from an analysis of the total 1.3 million plots in Seoul, 2016

Changes in Official Land Price in Seoul, 1990-2015. The data is from an analysis of the total 1.3 million plots in Seoul, 2016,
Seoul’s land prices continued to grow between 1990 and 2015, most dramatically between 2002 and 2008. The real transaction prices of land are higher than the official prices, sometimes double in Seoul. It is no wonder that developers and clients pursue the maximum FAR relentlessly to compensate for the rising land acquisition prices.