Camco selects state-owned real estate with high utilization and lends and sells them through OnBid every week. The advantage of state-owned real estate is that the ownership is state-owned, so there are no complicated rights relations, such as mortgages and leases, and can be used with confidence.
In particular, a loan is a method of borrowing state-owned real estate and using it for up to five years. After winning the bid, the loan price is renewed every year.
This time, the Han River Mansion in Ichon-dong, Yongsan-gu, Seoul is attracting attention as a godfather item. The initial expected loan price for an exclusive area of 178 square meters is 89,985,000 won. This is the lowest bid and goes to the bidder who writes the highest bid. In the general real estate market, this flat-bed apartment sold for 3 billion won in January and 900 million won for jeonse in February.
In addition, residential buildings have appeared on the Daebu market in various parts of the country. The 81 m2 of Haeundae Hill State Weave, Haeundae-gu, Busan, will be bid at 8,381,000 won, and the 59m2 of Yeongjongjugong Skyville, Jung-gu, Incheon will be bid at 2.38 million won and 2732,000 won, respectively.
A Camco official said, “In this open bidding, 55 items of various new items such as apartment houses as well as land for farming and 44 items cheaper than the initial loan/sale price were included. It’s good to check in advance.”
Detailed announcements and bidding information can be found on the Onvid website or the Smart Onvid app.