Move in Paying only 25% of the Purchase Price… LH’s ‘Equity Accumulation Type’ Apartments, First Sale in Goyang in December
4 Articles
4 Articles
The Korea Land and Housing Corporation (LH) will offer its equity-accumulating public housing for the first time this coming December in Goyang Changneung, allowing buyers to pay 25% of the sale price and acquire the remaining equity over 20 years after moving in. Profit-Sharing Type II will also be introduced, which allows buyers to receive low-interest loans of up to 500 million won from the Housing and Urban Development Fund at the time of pu…
The Ministry of Land, Infrastructure and Transport has introduced an equity-accumulating public housing system that allows prospective homebuyers with insufficient initial capital to move in with only 25% of the sale price. Supply will be expanded starting with 284 units in the Goyang Changneung district, subject to a 10-year resale restriction and a 5-year mandatory residency requirement. Additionally, a profit-sharing model, in which capital g…
The Ministry of Land, Infrastructure and Transport is launching a public housing supply program where buyers pay only a portion of the sale price upfront and acquire the remainder in installments over a long period. The first target site is Goyang Changneung in Gyeonggi Province, a third-generation new town; out of a total of 1,057 units, 284 will be supplied this coming December under the equity accumulation type. On the 4th, the Ministry anno…
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