S. Korean government to roll out new package of measures to address soaring ‘jeonse’ cost
Updated: 2020-11-19 05:27:07 KST

The South Korean government is set to roll out another package of measures to address the soaring cost of housing offered through “jeonse” contracts, a two-year housing rental agreement with a large lump-sum deposit.
The new measures to be introduced Thursday will likely include supplying over 100-thousand homes as public housing for low-and-middle-income families in the greater capital area.
Via the so-called “buy-and-lease” strategy, the government purchases existing homes to lease to citizens, which is seen as a way to address housing issues swiftly compared to the long period of time needed to build new homes.

Reporter : hyosunee88@gmail.com


Source Link

This page is made available thanks to China Press Release by Topic News

Leave a Reply

Your email address will not be published. Required fields are marked *