Negative sentiment toward the current government’s property policy is spreading beyond multi-home owners to non-homeowners and younger people, raising doubts about whether tougher taxes and regulations can deliver housing stability. An analysis by The Seoul Economic Daily of opinion polls released after the government’s tax reform proposal identified three main trends: disapproval was highest among people in their 30s, opposition extended beyond homeowners facing higher taxes, and dissatisfaction was particularly strong in Seoul and the greater Seoul area. The National Barometer Survey found that 56% assessed the government’s property policy negatively, compared with 34% who viewed it positively. Disapproval reached 72% among people in their 30s and 67% among those aged 18 to 29. In a separate Gallup Korea poll, 50% of respondents in their 30s and 37% of those aged 18 to 29 expected the tax reform proposal to hurt the housing market. Negative views also included 57% of non-homeowners and 54% of single-home owners, compared with 68% of owners of two or more homes. Analysts said concerns that higher taxes could reduce jeonse (large-deposit rental) and monthly-rent listings or push up rents may be influencing non-homeowners. Disapproval reached 65% in Seoul and 58% in Incheon and Gyeonggi in the NBS survey. Gallup Korea found that 51% of Seoul respondents and 48% of those in Incheon and Gyeonggi expected a negative housing-market impact. President Lee Jae-myung’s job-approval rating in Seoul fell to 32%, while 28% of respondents who disapproved of his performance cited property policy, making it the largest single reason for disapproval since the fourth week of July. Analysts said dissatisfaction with property policy may be spreading into broader evaluations of governance.