Meaning of "Quota system"
An abbreviation for the "sales price cap system," this is a policy that limits sales prices on public land and other sites to a certain amount or less to prevent excessive capital gains.
"The government announced that it would expand the number of housing complexes subject to the price cap system to reduce the burden on actual homebuyers."
Related slang words
MortgageThis is a typical real estate loan product in which funds are borrowed from a bank using a home as collateral.Re-conversionThis is a system that requires the government to recover any excess profits generated by redevelopment projects that exceed a certain threshold (short for the "Redevelopment Excess Profit Recovery System").AparthotelA term combining "apartment" and "officetel," referring to a residential officetel that features a floor plan and living conveniences similar to those of an apartment.Restrictions on resaleThis is a system designed to curb speculative demand by restricting the sale or resale of pre-sale rights or apartments for a certain period after their acquisition, thereby preventing their resale until a specified date.RawAn abbreviation for "residential accommodation facilities," this term refers to lodging facilities that allow cooking but are effectively used exclusively for residential purposes, a practice that has sparked social controversy.Loan regulationsMeasures taken by the government to manage household debt by restricting or tightening limits, interest rates, and eligibility criteria for mortgage loans in order to regulate lendingRegulated AreasThese are areas designated by the government for the implementation of real estate regulations—such as restrictions on loans and tax policies—based on the assessment that housing prices (or real estate prices) are rising rapidly.Gongpung-ahThis is an abbreviation created to convey the idea that the apartment complex “embraces” the park, emphasizing its location right next to a large park.