Real Estate App 'Hanbang' Enables Search for 'Registered Rental Housing'

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 7th that private registered rental housing listed as jeonse or monthly rental properties can now be easily searched through 'Hanbang,' a real estate portal operated by the Korea Association of Realtors.

Hanbang is a portal and app directly managed and operated by the Realtors Association, utilized by 93,000 out of 108,000 licensed realtors nationwide (86.3%).

Registered rental housing is a system introduced to support housing stability for tenants residing in private rental housing. Tenants moving into registered rental housing can live stably for 4 to 8 years without excessive rent increases unless there is a special fault on their part.

Previously, it was possible to search for the location information of all registered rental housing, but it was impossible to search for actual available registered rental housing listings on internet portals, making it difficult to find listings without visiting real estate offices holding registered rental properties.

However, from now on, the housing listing information managed on Hanbang will indicate whether the property is registered rental housing, allowing prospective tenants to check not only the location and rent but also the registration status when searching for housing listings.

A Ministry of Land official explained, "We plan to continue enhancing the currently provided services and simultaneously promote multifaceted institutional improvements to support housing stability for tenants residing in private rental housing."

This content was produced with the assistance of AI translation services.