Kamco to Lease and Sell 78 State-Owned Properties Starting from the 22nd

Major State-Owned Properties for Public Auction by KAMCO Starting from the 22nd [Photo by Korea Asset Management Corporation]

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 22nd that it will lease and sell 78 cases of state-owned real estate over three days.

According to KAMCO, in this public bidding, 66 new items including farmland and apartments were priced lower than the initial lease and sale prices.

KAMCO selects highly utilized state-owned real estate every week to conduct lease and sale. State-owned real estate has the advantage that ownership belongs to the state, so rights such as mortgages and leases are not complicated.

However, before participating in the bidding, it is necessary to check the current status such as the type and location of the real estate in advance and consider detailed usage conditions including restrictions on the use of the property.

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