5-Year Lease-to-Purchase Public Housing to be Available from November
Starting from November this year, a new public housing program will allow tenants to purchase their rental units after living in them for six years Starting from November this year, a new public housing program will allow tenants to purchase their rental units after living in them for six years. A total of 50,000 units are planned to be offered to non-homeowners by next year. Additionally, the Housing & Urban Guarantee Corporation (HUG) will introduce 16,000 units of its "HUG Solid Lease Housing" program by next year, which involves purchasing properties that have faced rental deposit return guarantee incidents. On the 22nd, the Ministry of Land, Infrastructure, and Transport announced new measures for public rental housing aimed at non-homeowners. This initiative is a follow-up to the August 8th Supply Plan, which promised to provide 110,000 units of public rental housing to stabilize the non-apartment housing market. The new lease-to-purchase program will allow tenants ...