Has Jeju Island s real estate policy changed? Can I immigrate by buying a house in Jeju Island?

Hello, it hasn't changed yet, and it is said that it will continue until 2018.

Just last year, Jeju Island suspended a number of Chinese-funded projects, which attracted widespread attention. Jeju Island Governor Won Hee-ryong recently denied the decision to halt Chinese-funded projects, insisting that Jeju Island is not rejecting Chinese investment and is by no means intended to target a particular country.

The future development of Jeju Island can only rely on tourism and the inflow of Chinese funds", in a recent interview with China**, Won Hee-ryong quoted the above statement of a South Korean expert in response. Won Hee-ryong said that since taking office six months ago, he has been committed to improving foreign investment policies and has not "denied or suspended Chinese investment", and now the relevant policies tend to improve, and he said that he "warmly welcomes" Chinese real estate investment in Jeju Island.

According to Jeju Taofang.com, in response to the obvious contradiction between Jeju Province** and South Korea** and other regions' policies on Chinese investment, Won Hee-ryong said in an interview that Jeju Province only hopes that the investment project is in line with the economic needs of Jeju Island and the overall architectural style, which is not for Chinese, but for all countries and enterprises investing in Jeju Island. For example, he said, Jeju Province welcomes the construction of cultural, entertainment and leisure projects, but "please don't flock to it" leads to over-investment, which in turn causes environmental damage and uneven development. ** It was also noted that in this conversation, Won Hee-ryong expressed a strong sense of protection for the mountainside and above of Hallasan Mountain, and constantly emphasized that investment should pay attention to preventing environmental damage.

On the other hand, it seems that the majority of local residents of Jeju Island have disapproved of the "new immigration policy". According to reports, in November 2014, the Jeju Provincial Assembly conducted a survey of 1,000 Jeju residents, and nearly 60% of them wanted to end the investment immigration policy for Chinese as soon as possible. In response to this report, Yuan Xilong said frankly that the excessive number of tourists and a large amount of investment from the Chinese side have indeed caused concern among local residents, but the immigration policy was adopted by South Korea **** in 2010 and will be implemented until 2018, and the local government has no right to cancel the implementation.

Relative to when.

Hello, if you want to immigrate by investment by buying real estate in Jeju Island, you can't just buy it. There are corresponding provisions in the property policy. Not all properties in Jeju Island can be linked to immigration.

Permanent residency can only be obtained by purchasing a project property that meets the requirements after approval.

According to the interpretation made by Jeju Real Estate Network, the Jeju Island investment immigration system refers to the purchase of 500 million won or more than 500,000 US dollars of designated real estate (leisure and vacation apartments, villas or hotels), you can get an F2 visa, and after five years, if there is no bad record, you can get an F5 visa, that is, a green card. At this point, the investor's entire family can obtain permanent residency in South Korea, and travel between China and South Korea without hindrance.

In addition, in September this year, the first person to obtain a Korean green card through the Jeju Island real estate investment immigration policy will also be born, and he is also Chinese.

If you are satisfied, you hope to adopt it in time.

Yes. According to the Foreign Investment Promotion Act promulgated by South Korea, if you spend 500,000 US dollars or 500 million won to invest in a specific property in Jeju Island in South Korea, the investor and his family (spouse, minor children) can apply for long-term residence status in South Korea, and apply for permanent residence status after 5 years. The property for this project is Paradise International Resort in Jeju Island, South Korea.

The investor and his family are first granted an F2 visa (2-year long-stay visa) followed by a 3-year F2 visa extension. After the expiration of the period, the investor and his family can apply for an F5 visa (permanent residence visa), at which point the invested property can be bought and sold freely. There is no residency obligation while holding a long-stay visa, but the application for a residence visa extension must be in Korea (it only takes 1 week to renew).

After obtaining permanent resident status in Korea, you will receive the same benefits as Korean nationals such as education and medical insurance.

Hello, compared to the housing prices in the city, the housing prices in Jeju Island are definitely higher. However, compared to many first-tier cities, housing prices in Jeju Island can be said to be very cheap.

Now, the designated real estate projects that can be used for Korean immigrants are almost 20,000 (RMB) per square meter, and they are all high-end apartments or villas. Moreover, Jeju Taofang has explained the immigration policy of Jeju Island many times, as long as the value of the designated real estate project is more than 500 million won, and you can get a green card if you hold it for five years. In addition, after buying a designated property, you can get an F2 visa, and there is no restriction on traveling between China and South Korea, while Jeju Island has a good environment and does not have any disadvantages or industrial pollution.

Jeju real estate is mainly for domestic middle-class and above investors, and there are many advantages over many domestic cities in Jeju Island. Moreover, the prospect of future appreciation is still very wide. If you ** after five years, not only can you get the benefits, but the whole family will also get a green card for nothing, which has to be said to be a good deal.

Hope it helps. :-d

Hello, it's actually worth it.

I believe that many people have seen the actions of the new governor of Jeju Island after taking office and felt panicked. Indeed, since the appointment of the new governor of Jeju Island, various news of banning Chinese investment and restricting investment immigration in Jeju Island has continued to spread. However, in reality, these are just rumors, and some of the relevant reforms are still only in the discussion stage, and have not yet been implemented.

In other words, there is no ban now, and it will not be banned for some time to come, and Jeju Island real estate can still be invested and immigrated, but it is not as simple as when the immigration policy first came out.

In February 2010, when the Jeju Island immigration policy was first introduced, it was possible to buy a recreation house or hotel worth 500 million won or more, which attracted many people. The increase in investment immigrants has led to the increase in the number of real estate developers, which has caused damage to the ecological environment of Jeju Island. Therefore, the newly appointed governor Moto-ki-ryu proposed a series of reform measures for long-term development.

And these measures are mainly aimed at developers.

However, as those who are preparing to invest in immigration, it is important to note that the total number of investment immigrants in Jeju Island should not exceed 6,000, and it is unclear whether this has already been implemented. In addition, if you want to get an F2 visa right away, in addition to buying a property, you may also need to buy a real estate debt. There is even news that the threshold for investment immigration may be doubled.

However, these are still under discussion and have not been implemented. If Jeju Island does this, it will be extremely unfavorable to South Korea's investment environment, so these are still being discussed.

However, according to the current situation and future trends, combined with the information compiled by real estate investment** such as Jeju Taofang.com, although Jeju Island investment immigration will not be banned, it will definitely be more troublesome, more complicated and more expensive than it is now. Therefore, if you are interested in getting a South Korean green card, it is recommended to plan as soon as possible. You must know that the property required by investment immigration similar to the UK has been doubled, and no one dares to guarantee that Jeju Island real estate investment immigration will double in the future, and the review will be stricter.

Hello, the house price in Jeju Island, South Korea is now about 20,000 yuan per square meter, and there is a trend of **.

However, according to the research done by Jeju Island Taofang.com, the magnitude of ** will not be too large. Because of the ** of 20,000 yuan per flat, there is already an element of house speculation, because the vast majority of buyers are people who want to invest in immigrants, and most of them are Chinese. In fact, this kind of ** is unhealthy.

On the other hand, the newly appointed governor of Jeju Island has proposed to South Korea to take measures to control and intervene from the source of real estate development, so that there is little room for housing prices.

However, the housing price still depends on the market, and the investment environment in Jeju Island itself is good, and the house is worth the money, so it is still possible to rise, but it will not be too outrageous.

Hope it helps. :-d

Hello, about your question whether Jeju Island real estate in South Korea can still buy a house and immigrate to South Korea, I can give you a detailed answer:

South Korea's Jeju Island real estate can now immigrate to South Korea, and it is pointed out on the Jeju Island Taofang website that it takes 500 million won to buy a house and immigrate to South Korea before you can apply for a South Korean green card.

Hello, I'm Jeju Taofang, about your question, is there any restriction requirement for Jeju Island Property Investment 2015 in South Korea? I can help you with a detailed answer, I hope my answer is helpful to you!

Regarding the real estate investment in Jeju Island, South Korea before 2015, the requirements of Jeju Taofang are written like this, and you can apply for the opportunity to obtain a Korean green card by investing 500 million won in a designated real estate project, in fact, this is a condition, that is, the premise is that you buy a designated place, not Jeju Island casually. Generally, there are only a few of them that come out now, such as Ocean Star, Kirin Villa, Arden Villa, Victoria, etc., if someone introduces you to a place that you can't find on the Internet, it is generally not convenient to buy immigrants.

And the second condition is that you have to be full, more than 500 million won, otherwise you just buy it, and if you don't have enough money, you won't have a chance to apply.

Therefore, this condition must be met.

In 2015, although the trusted governor of Jeju Island of South Korea came to power, it seems that a series of actions have been carried out, but it is still just rumors, and what has been passed before will not be changed. So you can buy a house in Jeju Island with confidence.

Hello, Jeju Taofang can answer all your Jeju real estate questions here.