According to the National Assembly on the 8th, Kim Doo-gwan, a member of the Democratic Party of Congress, proposed a’Partial Amendment of the Special Act on Private Rental Housing,’ which requires that if publicly supported private rental housing is converted into sales, it is given priority to pre-sale to residentless tenants.
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Public-supported private rental housing is a housing that is built and purchased by a rental business entity with public support such as housing city fund support, floor area ratio reduction, and construction in a supply promotion district, and must be leased for at least 10 years. The rent and the tenant’s qualifications are applied in accordance with the Special Private Lease Act.
However, according to the current law, publicly supported private rental housing does not prioritize the pre-sale conversion, unlike public rental housing. As a result, it has been pointed out that the existing tenant’s housing anxiety is great after the lease period has elapsed.
The reaction of the residents to the news of the proposed amendment is hot. “I was very worried about where to go when the rental extension was over,” he said to an online tenant community.
In another article, “I was constantly challenging the subscription, but there was no sharp method due to the high cut line.” “I was only sighing at the price of the apartment I was running, but I would be very grateful if I switched to sales for an appropriate amount.” They came up a lot.
Experts believe that the right to pre-sale of publicly supported private leases will help stabilize the real estate market.
Park Won-gap, head of the real estate team at KB Kookmin Bank, said, “If residents who live in rental housing in the form of monthly rent get the opportunity to convert to sales in the long term, we can improve the stability of the real estate market in the long term. There is a need to reduce the room for the future,” he explained.
Choi Hyun-il, a professor at the Department of Real Estate at Korea Open Cyber University, said, “In the case of rental housing built with public support, we believe that there is a duty to make more efforts to stabilize housing for the homeless. I need it.”