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South Korea Calls for LTV Relief and Building Code Updates to Boost Non-Apartment Housing on July 14

2026-07-14 06:59:04

According to Yonhapinfomax, housing industry experts called on July 14 for relaxed lending regulations and updated building codes to expand non-apartment housing supply in South Korea. Kim Deok-rye, a senior researcher at the Housing Industry Research Institute, stated that LTV (loan-to-value) restrictions currently set at 0% for non-apartment projects have constrained financing and require reform. She also highlighted that building standards for multi-family dwellings, established in 1990, are outdated and limit structures to four stories with a total area under 66 square meters, despite modern projects often exceeding 20 stories. Additionally, experts recommended restoring tax incentives for private rental operators to encourage non-apartment supply, noting that such incentives were significantly reduced in 2018.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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