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On December 27, the Ministry of Land, Infrastructure and Transport announced that the proposal to revise the decree for the application of the housing law was announced today (27).
Since housing subject to the presale price limit is provided at a price below the market price, the mandatory residency requirement applies and speculative demand is expected to be blocked.
The resale limit for homes subject to the presale price limit is 5 to 10 years for overheated areas and 3 to 8 years for other areas. If you wish to transfer your residency during the resale period or mandatory residency period, you must resell it to Korea Land and Housing Corporation (LH). /[email protected]
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