FSS outlines 610 billion won housing PF support and 5 trillion won syndicated loans

  • FSS held a Seoul briefing on housing-supply financing and residential PF site sales.
  • Koramco Asset Trust will provide 610 billion won through its PF Development Anchor REIT.
  • HUG guarantees will cover 70% of construction costs, or 80% in Seoul, through 2028.

The Financial Supervisory Service (FSS) held a September 15 briefing in Seoul on financial support for housing supply and the sale of residential project financing (PF) sites. LH, HUG, Shinhan Bank, KAMCO and Koramco Asset Trust presented measures spanning land acquisition, bridge financing, main PF, construction and completion. Programs include 610 billion Korean won from Koramco Asset Trust’s PF Development Anchor REIT, a syndicated-loan limit raised to 5 trillion Korean won, expanded HUG guarantees and LH support aimed at reducing unsold-unit risk. The FSS also established 12 consultation booths, plans to assign dedicated managers to residential PF projects and will connect distressed developments with support programs or pursue restructuring and resolution where viability is insufficient.

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