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Is Jeju Island real estate investment worth it now?
I believe many people are scared when they see the measures taken after Jeju Island came to Taiwan. Indeed, since Jeju Island became a newcomer, all kinds of news about prohibiting China people from investing and restricting Jeju Island's real estate investment immigrants have been constantly coming out. But in fact, these are just rumors, and some related reforms are only in the discussion stage and have not been implemented. In other words, even if it is not banned now, it will not be banned in the future. Jeju Island real estate can still invest in immigrants, but it is not as simple as when the immigration policy first came out.
20 10 February, when the immigration policy of Jeju Island was first introduced, it was only necessary to buy leisure houses or hotels of 500 million won or more than 500,000 US dollars, which attracted many people. The more investment immigrants there are, the more real estate developers there are, which destroys the ecological environment of Jeju Island. Therefore, Yuan Xilong, the newly appointed governor, put forward a series of reform measures conducive to long-term development. These measures are mainly aimed at liberals.
But people who are going to invest in immigration should pay attention. First of all, the total number of investment immigrants in Jeju Island should not exceed 6,000. It is not clear whether this has been implemented. In addition, if you want to get an F2 visa right away, you may need to buy real estate creditor's rights in addition to buying real estate. There is even news that the threshold for investment immigration may double. But these are still under discussion and have not been specifically implemented. Because Jeju Island will do so, it will be extremely unfavorable to South Korea's investment environment, so these are still under discussion.
However, according to the current situation and future trends, combined with the information collected by real estate investment websites such as Fang Tao Jeju Island. Although investment immigration in Jeju Island will not be banned, it will certainly be more troublesome, complicated and costly than it is now. Therefore, if you are interested in getting a Korean green card, it is recommended to make plans as soon as possible. You know, the number of properties required by British investment immigrants has doubled, and no one can guarantee whether Jeju Island real estate investment immigrants will double in the future and whether the review will be stricter.
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