KAMCO Announces Public Leasing and Sale of 65 State-Owned Properties

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 31st that it will lease and sell a total of 65 state-owned real estate properties through Onbid over three days from the 3rd to the 5th of next month.

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 34 new items such as farmland and residential buildings, as well as 31 items priced lower than the initial lease or sale price.

Before participating in the bidding, it is recommended 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).

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