Sejong Real Estate

Sejong Real Estate

In order to encourage government employees to relocate to the new administrative city of Sejong, which lies 120 kilometers south of Seoul, authorities introduced a special supply program that required construction companies to reserve a portion of their newly built apartments for government workers. Under the program, government employees bought 26 percent of the 97,000 apartments supplied over the past 10 years. However, it was not mandatory for them to actually live in the apartments they purchased, and many kept their families and homes in Seoul and commuted to work in Sejong.Go here:

Navigating the Legalities of Sejong Real Estate Transactions

Amid the backlash from other residents who are suffering from soaring housing prices, officials are under pressure to thoroughly overhaul the special housing supply program for those who move to Sejong. Many young workers who were hired by ministries that moved to Sejong are not subject to the special supply program, and they have been having a hard time finding affordable homes in Sejong.

The new administrative city of Sejong has a clean, modern aesthetic that reflects its identity as a government town. It is less crowded and has less traffic than Seoul, making it a good option for people who want to live outside of the capital.

If you’re looking to buy a luxury home in Sejong, you should work with a trusted luxury real estate broker in the region. LuxuryAbode has a comprehensive list of champion luxury real estate agents in the area who have posted sleek listings of luxury houses for sale and rent in the region on our site.

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