Written by 3:40 PM Economics

LH to acquire an additional 17,000 units of new housing in the capital area by the end of the year.

A purchased lease housing in Seokgwan-dong, Seongbuk-gu, Seoul [Provided by the Ministry of Land, Infrastructure and Transport]

A purchased lease housing in Seokgwan-dong, Seongbuk-gu, Seoul [Provided by the Ministry of Land, Infrastructure and Transport],
, ‘The government has decided to purchase an additional 17,000 units of new lease housing in the metropolitan area by the end of this year.’,
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, “The Ministry of Land, Infrastructure and Transport announced that as a follow-up measure to the ‘8.8 Housing Supply Expansion Plan,’ LH will begin recruiting operators for new lease housing purchases.”,
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, “Earlier, the government decided to increase the supply target of new leased housing for this year and next year from 90,000 units to over 110,000 units through the ‘8.8 measures.'”,
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, ‘Purchased lease housing is a system where existing or new homes are purchased and leased at a low cost. The additional purchased housing this time will be supplied as a conversion type that can be purchased after leasing for at least 6 years.’,
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, ‘Conversion type purchased lease housing will mainly be supplied with medium-sized units ranging from 60 to 85 square meters, which are highly preferred for occupancy. The sale price will be calculated by averaging the appraised value at the time of occupancy and at the time of sale.’,
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