Forecast, Promotion of Non-Face-to-Face and Contactless PF Asset Sales

Land for Sale (10 Cases), Commercial Buildings (13 Cases), Commercial Facilities (4 Cases), Apartment (1 Case), Golf Course Site (1 Case)

[Image source=Yonhap News]

[Asia Economy Reporter Park Sun-mi] The Korea Deposit Insurance Corporation announced on the 2nd that it will sell 29 project financing (PF) assets acquired during the restructuring of savings banks starting from the 17th.

The assets for sale are properties that have continued to receive purchase inquiries despite the recent spread of COVID-19, including land (10 cases), commercial buildings (13 cases), commercial facilities (4 cases), an apartment (1 case), and a golf course site (1 case). In particular, the Charmant officetel located in Yeongdeungpo-gu, Seoul, and the golf course site in Geumseok-ri, Eumseong-gun, Chungbuk, are projects of great interest to institutional investors, while the Gwangjin Haustory apartment in Jayang-dong, Gwangjin-gu, Seoul, and the Sangam IT Tower commercial building in Mapo-gu are considered suitable investment targets for small individual investors.

Reflecting the COVID-19 situation, KDIC plans to conduct some PF asset sales that have received many purchase inquiries through a non-face-to-face, contactless bidding method. Investment notes and promotional videos of the projects will be posted on YouTube and KDIC auction information, and auction information will be sent to investors via email to prevent any face-to-face contact.

A KDIC official advised, "Since some properties have restrictions such as liens and unpaid management fees, prospective buyers should fully consider these constraints before participating in the bidding."

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