Korea Asset Management Corporation Announces Public Leasing and Sale of 94 State-Owned Real Estate Properties

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will lease and sell a total of 94 state-owned real estate properties through Onbid over three days starting from the 9th.

KAMCO selects highly utilizable state-owned real estate and conducts leasing and sales weekly through Onbid. Since the ownership of state-owned real estate belongs to the government, the rights such as mortgages and leases are relatively uncomplicated.

This public auction includes 53 new items such as farmland and apartment complexes, and 41 items priced lower than the initial lease/sale price.

Before bidding, the form, location, and status of the real estate must be checked in advance. Detailed usage conditions, including restrictions on activities for each property, should also be considered.

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