The Ministry of Land, Infrastructure and Transport noted on the 17th that it will announce and implement an amendment to the 'Rules on Housing Supply' that considers individuals who own one villa with a dedicated area of 85 square meters or less and a publicly assessed price of 500 million won or less in the metropolitan area as non-homeowners starting from the 18th.
Until now, non-homeowners were recognized during the application process for owners of apartments and non-apartment buildings with dedicated areas of 60 square meters or less and a publicly assessed price of 160 million won or less in the metropolitan area. In regional areas, only those with dedicated areas of 60 square meters or less and a publicly assessed price of 100 million won or less were recognized as non-homeowners.
The Ministry of Land, Infrastructure and Transport has relaxed the criteria for recognizing non-homeowners for multi-family, multi-household, row houses, single-family homes, and urban-style housing in the amendment.
In the metropolitan area, individuals can be recognized as non-homeowners if they meet the conditions of having a dedicated area of 85 square meters or less and a publicly assessed price of 500 million won or less; in regional areas, the conditions are a dedicated area of 85 square meters or less and a publicly assessed price of 300 million won or less. This amendment will apply to apartment complexes that announce resident recruitment after the 18th. Since non-homeowner status will be determined based on the publicly assessed price at the time of the resident recruitment announcement, any increase in the publicly assessed price by the time of occupancy will not affect eligibility.