Apartment listings in Yeouido-dong, Seoul, rose 17.9% to 732 from 621 between August 3 and the 23rd after the government's tax reform plan intensified concerns over capital gains tax burdens and prompted owners to lower asking prices. The reform caps capital-gains deductions at 2 billion won in 2028 and 1 billion won from 2029, increasing the potential liability for long-term owners with large gains. A 156-square-meter unit at Sibeom Apartment is listed at 4 billion won ($2.9 million), below the 4.1 billion won reached during an earlier wave of distressed sales. Agents said four to five listings appeared at Sibeom after the plan was announced, generally 100 million to 200 million won below earlier asking prices. Elderly owners are under additional pressure because of relocation costs and the elimination of the special long-term holding deduction. Owners are also selling ahead of expected September cooperative establishment approval for Sambu Apartment and Sujeong Apartment, after which reconstruction cooperative membership rights may become difficult to transfer. A 135-square-meter Sambu unit is listed at 3.6 billion won, while a 74-square-meter Sujeong unit was cut to 2.45 billion won. Experts said prices in high-end reconstruction markets such as Yeouido and Mok-dong could adjust, although high presale prices and transfer restrictions may limit a prolonged decline or a sharp increase in listings.