Only apartments are rented out? Non-apartments are also rented for 6 years

Key points in 3 lines

1. From June 4, 2025, the 6-year short-term registered rental system will also apply to non-apartment housing, such as row houses and multi-family houses.
2. Based on the public assessed price, benefits such as exclusion from aggregation for comprehensive real estate tax will apply to built-to-rent homes priced at 600 million won or less and purchased homes priced at 400 million won or less (200 million won or less outside the capital area).
3. The Ministry of Land, Infrastructure and Transport said tenant protections will also be strengthened, including the use of appraisal values recognized by HUG and the establishment of criteria for calculating restoration costs.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ