Seoul recorded 41 condominium ownership gifts to adults aged 19–29 in August, the highest monthly figure in 110 months since June 2017. The January-to-August total reached 93, about 3.9 times the 24 cases recorded during the same period last year. Seongdong-gu accounted for 28 cases, or 68.3% of the total, where the average apartment price is 1.94116 billion won, approximately $1.5 million. The increase followed the South Korean government’s 2026 tax reform package, which raises the Comprehensive Real Estate Tax and changes the Long-Term Holding Special Deduction into a Long-Term Residence Income Deduction. The National Assembly Research Service has warned that tighter capital gains and holding taxes could reduce transactions, delay sales through a lock-in effect, and encourage gifting instead of selling. Analysts also caution that some parents are transferring homes in outlying districts to help children overcome tighter lending conditions, potentially widening the housing gap between young adults with and without parental assets.