Proposed Changes to Actual Residence Requirement for Apartment Winners Sparks Debate

◀ Anchor ▶

If you win a flat subject to the sale price cap system, you have a ‘genuine residential obligation’ to live in the house for 2 to 5 years, right?

Before the general election, the opposition and opposition parties are preparing a compromise plan to delay the application of the actual residence requirement for three years.

There is also criticism that it encourages real estate speculation.

Reporter Jeong Dong-wook will report.

◀ Report ▶

This is a large-scale apartment complex in Seoul that is scheduled to be occupied in November this year.

If the winners do not actually move in, their winnings will be canceled and may even be subject to criminal penalties.

This is due to what is known as the actual residence obligation.

This is a system that will be applied to apartments with a price ceiling starting from 2021 to prevent gap speculation from buying a house with les jeonse.

However, with high interest rates and a recession in the housing economy, the so-called ‘young people’ who made exorbitant subscriptions found themselves in an awkward position.

[공인중개사 (음성변조)]

“If you are a person in need, is there no way to set aside a deposit? The problem is not that you have to pay the fine, but that your earnings will be cancelled.”

The opposition parties agreed to relax the use of the actual residence requirement from ‘date of first occupation’ to ‘within 3 years after first occupation’.

In this way, the winners will be able to place a jeonse lease and pay the balance with the jeonse deposit.

Initially, the opposition opposed the abolition of the actual residency requirement, saying it could be misused for speculation again, but it appears they have reached a compromise ahead of the general election.

The ruling and the opposition intend to discuss the compromise plan in the Legislative Sub-Committee of the Land, Infrastructure and Transport Committee tomorrow and present it to the full meeting on the 29th.

If the amendment is passed, it will apply immediately to 49,000 households in 77 complexes.

However, some point out that even if the compromise plan is implemented, it will be difficult to prevent confusion three years later.

If there is a conflict with the 2 year + 2 year contract renewal claim and the house price does not rise at the end of the contract, and the loan is not provided as required, the deposit may not be return

[김규정/한국투자증권 자산승계연구소장]

″After two years, issues such as raising a deposit for a lease or disputes related to lease renewal may be repeated, so the dispute regarding this delay measure may be repeated again.″

Another burden is that housing mortgage loans have increased by more than 15 trillion won in the fourth quarter of last year, household debt has reached a record high of 1,886 trillion won, and the financial authorities may strengthen ‘loan tightening. ‘

This is Jeong Dong-wook from MBC News.

Video editing: Kim Chang-gyu

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