Lee Jae-myung's Apartment May Avoid 'Dead Property' Status

The Bundang apartment jointly owned by presidential candidate Lee Jae-myung and his wife faces a significantly reduced risk of becoming a 'dead property,' a term used for reconstruction apartments that fail to secure union membership.

This potential hazard can be avoided if the buyer successfully completes the ownership transfer registration before the designated trust company is appointed as the project executor for the reconstruction. The apartment sale is reportedly in its final stages, making the timing of this registration a critical factor.

'Dead property' refers to a situation where an individual purchases a reconstruction apartment but is unable to inherit the rights of a union member. This status prevents them from obtaining a new apartment after the reconstruction is complete, effectively rendering their investment in a precarious state.