Lee Pushes 2-Year Residence Rule Deferral for Single-Home Sellers With Tenants

President Lee Jae-myung said on May 11 through social media that he is seeking a two-year deferral of the actual residence requirement for non-resident single-home owners with tenants in land transaction permit zones, so they can have an opportunity to sell their homes. The comment came amid debate over housing transactions and the application of residence obligations in such zones. Lee rejected the interpretation that the measure would allow gap investment, saying that claim was unfair criticism. If pursued, the deferral would give owners of one tenant-occupied home a limited window to consider selling. The original report did not provide further details on timing or scope. Source: mk.co.kr.