Lee Rejects Gap-Investment Claim Over Home Purchases in Permit Zones

President Lee Jae-myung on the 11th addressed the government’s measure allowing buyers to purchase homes owned by non-resident single-home owners with tenants in land transaction permit zones. Lee explained that the move is intended to give single-home owners with tenants an opportunity to sell. Land transaction permit zones have drawn debate over housing transactions and actual-residence requirements, and some critics argued the measure could amount to allowing gap investment. Lee rejected that claim, calling it an unfair attack. The remarks are expected to affect discussions over purchase standards in regulated areas and the sale of homes with sitting tenants. Source: yna.co.kr