Menu Content
Go Top

Economy

New Regulation on Housing Supply to Take Effect Next Week

Written: 2018-12-07 09:11:42Updated: 2018-12-07 10:11:10

New Regulation on Housing Supply to Take Effect Next Week

Photo : YONHAP News

A revised law on housing supply will go into effect on Tuesday.

The Ministry of Land, Infrastructure and Transport said on Friday that the revision is a follow up on a set of measures announced on September 13th to stabilize the soaring housing market. 

Under the revision, recently married couples who had previously owned houses will not be eligible for the government's special supply of low-cost housing for newlyweds. 

In addition, the government will ensure that more than 75 percent of homes will be supplied to people who own no homes when using the government lottery system.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >