511 Register Farmland After Changing Its Land Use (2) – Part 2

Gun-Ho asked his brother-in-law on the phone, "Onbid?"

"You know the public auction website that is operated by Korea Asset Management Corporation (KAMCO)."

"Oh, Onbid!"

"A real property came out on the market for a location in Siheung City, Gyeonggi Province. There is no restriction on the use of that space. It looks like the right location to store the freight trucks."

"How large is it?"

"It's about 1,000 pyung large. The appraisal value to rent is 6,000, but if they fail to rent it out, the price will possibly go down further."

"Since it's a rental space, I don't think that we will encounter any investors to compete with."

"Only those who are actually looking for a space to rent for themselves will try to get that real property."

"Have you visited the property?"