KAMCO Supports Housing Stability for Vulnerable Groups through 'State-Owned Property Leasing'

Rental of Residential Buildings at Minimum Loan Fee for Basic Livelihood Security Recipients
5 National Properties to be Leased via Onbid from the 18th to 20th

KAMCO (Korea Asset Management Corporation) will lease out five pieces of state-owned real estate through Onbid over three days from the 18th to the 20th to support housing stability for vulnerable groups.

This bidding is limited to basic livelihood security recipients as participants so that they can secure residential spaces at low rental rates. It will be conducted for a total of five apartments and officetels located in Gyeonggi-do and Busan.

The expected lease bid price will be the minimum annual lease fee equivalent to 1% of the property value according to the State Property Act, and the bidding will proceed at a price 50% lower than the existing lease fee, which is expected to reduce the housing cost burden for vulnerable groups. Additionally, due to the nature of state-owned real estate, the rights relationships are not complicated, and there is an advantage of being able to guarantee a stable residential environment during the lease period.

The state property lease bidding is scheduled to be opened at 9:30 a.m. on the 21st, and detailed announcements and bidding-related information can be found on the Onbid website or within the Smart Onbid app under ‘Real Estate → Announcements → KAMCO State Property.’

Nam Hee-jin, General Director of the State Property Division, said, “We hope that through this lease bidding of state-owned residential buildings, vulnerable groups will be able to secure warm homes at more affordable prices,” and added, “KAMCO will continue to expand the utilization of state-owned property to enhance public convenience, including supporting housing stability for vulnerable groups.”

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