Condominium Purchases - Foreign Nationals
As of 12 September 2014, foreign nationals can buy condominiums in areas of the country eligible for the 'immigration through reall estate investment' system. The Tourism Promotion Act Enforcement Decree was amended in order to attract foreign capital to areas eligible for the 'immigration through real estate investment system' by easing regulations on the sale of condominiums to foreign investors.
Condominiums in the following tourism areas can now be sold to individual foreign buyers (this includes ethnic Koreans with foreign passports as well as non-Koreans):
Jeju Special Self-governing Province;
Daegwallyeong Alpensia Tourism Complex in Pyeongchang,
Gangwon Province;
Yeosu Gyeongdo Marine Tourism Complex in South Jeolla Province (Jeollanamdo);
Songdo District and part of Yeongjong District in the Incheon Free Economic Zone;
Cheongna International City;
Busan Haeundae Tourism Complex;
East Busan Tourism Complex.
K4E Note: Korea4Expats.com tries to ensure that the information we provide is accurate and complete, so should you notice any errors or omissions above please contact us at info@korea4expats.com.
Last Updated on 2014-10-07
| In the same header |
.jpg&w=100&h=75)
_June16.jpg&w=100&h=75)
Especially beneficial for people who are managers of people or serve in a HR function at their compa...
The lectures will be conducted in English by Pr. David A. Mason
Get fully vaccinated with a single dose of Janssen Vaccine!
Advance registration by latest 5PM Thursday 21st. Earlier better re bus rental.
미니배너-웹용(시안).jpg)
_7Mar2016.jpg&w=120&h=60)
_7Mar2016.jpg)