KAMCO Announces Public Leasing and Sale of 162 State-Owned Properties

[Asia Economy Reporter Sim Nayoung] Korea Asset Management Corporation (KAMCO) will lease and sell a total of 162 state-owned real estate properties through Onbid over three days from the 11th to the 13th.

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 auction includes 89 new items such as farmland and residential buildings, as well as 73 items priced lower than the initial lease or sale price.

Before participating in the auction, 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 within the Smart Onbid app under ‘Real Estate → Announcements → KAMCO State-Owned Properties.’

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