KAMCO Announces Public Leasing and Sale of 138 State-Owned Properties

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 5th that it will lease and sell a total of 138 state-owned real estate properties through Onbid over three days from the 8th to the 10th.

KAMCO selects highly utilizable state-owned real estate and conducts leasing and sales weekly through Onbid. State-owned real estate has the advantage of ownership by the government, meaning there are no complicated rights issues such as mortgages or leases, allowing for reliable use.

In particular, this public auction includes 56 new items such as farmland and residential buildings, as well as 82 items priced lower than the initial lease or sale price.

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

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

Meanwhile, 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 sale contract operations and enhance convenience for users.

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