KAMCO Announces Public Leasing of 155 State-Owned Properties

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 22nd that it will lease a total of 155 state-owned real estate properties through Onbid over three days from the 25th to the 27th.

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, there are no complicated rights issues such as mortgages or leases, making it reliable to use.

In particular, this public bidding includes 83 new items such as farmland and residential buildings, as well as 72 items priced lower than the initial lease price.

Before participating in the bidding, it is advisable to check the current status such as the form and location of the real estate in advance, and consider detailed usage conditions including any restrictions on activities for each property.

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

Since 2018, KAMCO has been providing a 'Real Estate Electronic Contract Service' linked with the Ministry of Land, Infrastructure and Transport’s electronic real estate transaction contract system to improve the efficiency of lease and sales contract operations and enhance convenience for users.

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