Ministry of Land, Infrastructure and Transport: “110,000 Non-Apartment Units to Be Supplied by Easing Regulations on Urban-Type Housing and Remodeling Vacant Commercial Buildings”

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Just four days after the government announced plans on the 22nd to purchase 90,000 non-apartment units in the Seoul metropolitan area through LH (Korea Land and Housing Corporation), it unveiled a policy to supply 110,000 new non-apartment units by easing regulations on urban residential housing and remodeling vacant commercial spaces and offices in downtown areas. With concerns growing over housing instability for ordinary citizens as jeonse an…