The government will extend the application deadline for deferring residence obligations on purchased properties in land transaction permit zones from December 31, 2026, to December 31, 2027. The Ministry of Land, Infrastructure and Transport said on the 17th that the revised real estate transaction reporting rules will be publicly notified on the 18th and take effect October 1. The measure will also recognize renewed leases, allowing eligible buyers to delay moving in for up to three years and three months from the effective date. Applicants must have remained non-homeowners continuously since May 12 and must live in the property for two years after moving in. The change follows an August 3 tax overhaul intended to encourage near-term home sales and reflects a proposal from Kwon Chil-seung, chairman of the Democratic Party's policy committee. Analysts expect the measure to improve trading in tenant-occupied homes, but warn that it could reduce jeonse and monthly-rent supply while repeated revisions weaken confidence in the permit system.