President Lee Rejects Gap-Investment Claims Over Home Sale Rule

President Lee Jae Myung on the 11th rejected controversy over the government’s plan to allow purchases of homes owned by non-resident single-home owners with tenants inside land transaction permit zones. Lee said the measure is intended to give single-home owners with tenants an opportunity to sell. Land transaction permit zones are areas where housing deals require approval, and his remarks came as interpretations differed over whether tenant-occupied home transactions amount to permission for gap investment. Lee said characterizing the measure as allowing gap investment is unfair criticism. The market is expected to watch for the government’s explanation and the exact standards for application. Source: yna.co.kr