K-apt, Providing Project Cost Comparison and Map Management Fee Lookup Service

[Asia Economy Reporter Cha Wanyong] On the 2nd, the Ministry of Land, Infrastructure and Transport announced that it will provide the services of ‘Comparison of Apartment Construction and Service Project Costs’ and ‘Finding Management Fees on the Map’ on the Apartment Management Information System (K-apt).

First, the apartment construction and service project cost comparison service allows residents and others to compare key bidding information on project costs for facility repairs, replacement works, and maintenance services within apartments by project, similar apartments, and companies.

Comparison screen of construction and service project costs for multi-family housing (example). [Source=Ministry of Land, Infrastructure and Transport]

The existing K-apt system has provided bidding information such as project name, contracted company, and project cost by city and province in a simple list format sorted by announcement date through disclosure of contractor selection results such as competitive bidding and negotiated contracts.

With the introduction of this service, the Ministry of Land expects that residents will be able to easily compare the appropriateness of project cost execution themselves and actively monitor bidding fraud.

A function to check and compare management fee information on the map using Geographic Information System (GIS) has also been added. It is possible to check management fee information of similar complexes by month, region, and area.

Residents will be able to intuitively compare whether management fees are appropriately charged and collected with other complexes through the newly established management fee map, which is expected to greatly improve the transparency of management fees.

Kang Taeseok, Director of the Housing Construction Supply Division at the Ministry of Land, Infrastructure and Transport, said, “With the advancement of the K-apt system, customized information provision centered on users has become possible, and we expect transparency in the collection and execution of management fees to be strengthened.” He added, “We will continue to improve the K-apt system to actively respond to management fee and bidding corruption together with the Korea Real Estate Board, the operating agency.”

Meanwhile, K-apt is a platform that shares management information such as management fees and maintenance history of about 18,000 complexes nationwide and provides an electronic bidding operation base. It is operated by the Korea Real Estate Board under consignment from the Ministry of Land, Infrastructure and Transport.

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