KAMCO to Lease and Sell 120 State-Owned Properties Starting Next Month on the 3rd

Major State-Owned Property Items of Interest
Photo by Korea Asset Management Corporation

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will lease and sell a total of 120 state-owned real estate properties over four days starting from the 3rd of next month.

This public auction includes 89 new items such as farmland and apartment complexes, as well as 31 items priced lower than the initial lease/sale prices.

KAMCO conducts leasing and sales by selecting highly utilized state-owned real estate properties every week.

KAMCO explained that state-owned real estate has the advantage of ownership belonging to the government, so there are no complicated rights issues such as mortgages or leases. However, they advised that participants should verify the type and location of the real estate in advance before bidding and consider detailed usage conditions such as activity restrictions for each property.

Detailed announcements and bidding information can be found on the Onbid website or the Onbid application (app).

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