Panoramic view of Jinju headquarters of Korea Land and Housing Corporation▶ Click here for a larger view
It was found that employees of Korea Land and Housing Corporation (LH) earned as much as several hundred million won in market profits by selling 140 apartments in duplicate through special supply from relocation agencies in Sejong and Jinju, Gyeongsangnam-do.
According to data received from the Ministry of Land, Infrastructure and Transport, Rep. Song Eon-seok of the National Assembly’s National Land, Infrastructure and Transport Committee on the 26th, 70 LH employees received an average of 100 million won as a market margin as they received special supply of apartments from Jinju, where the LH headquarters is located, and Sejong, where the branch is located. .
The special supply of relocation agencies is a system established to resolve housing shortages and compensation for employees of the agencies following the relocation of government ministries and public agencies to Sejong, etc., and some of the pre-sale units were allocated and supplied for special public use.
For special workers, the competition rate is lower than that of general supply, and in the case of areas subject to the pre-sale price limit, such as Sejong, the pre-sale price is about several hundred million won lower than the market price, leading to a’lottery once winning’.
Of the 70 LH employees that were sold in duplicate in Sejong and Jinju, 14 currently owns two apartments, and 56 employees dispose of apartments.
They reselled 37 apartments in the state of pre-sale rights, leaving an average market margin of 21 million won, and sold 22 apartments, leaving a margin of more than 100 million won.
Sejong City Apartment Complex▶ Click here for a larger view
It was analyzed that if the 53 apartments currently owned were sold, the average price difference compared to the pre-sale price would reach 740 million won.
In the case of LH employee A, the apartment was sold in Sejong in 2015, and the apartment was also sold in Jinju the following year.
The apartment in Jinju was sold for 252.3 million won and sold for 300 million won, leaving 47.7 million won. I can.
Mr. B sold apartments in Sejong in 2014 and in Jinju in 2017 through special contracts, and resells Jinju apartments in 2019, leaving 10 million won, and sold Sejong apartments last year, leaving 591 million won as a market margin.
Rep. Song Eon-suk said, “While LH employees are reselling apartments to make a difference in market prices, the number of end users has been deprived of the opportunity for pre-sale,” he said. “The system should be supplemented so that the special supply system does not fall into a means of speculation and property growth.” said.
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