"Now I Don't Have a House": President Lee to Become Homeowner No More... Sale of Bundang Apartment to Be Finalized Soon

The sale of the residential property jointly owned by President Lee Jae-myung and his wife, Kim Hye-kyung, is expected to be finalized soon.

On July 14, a Blue House official stated that the contract for the sale of their Yangji Village apartment in Bundang-gu, Seongnam, Gyeonggi Province, is expected to be completed within the next few days. Since the area is designated as a land transaction permission zone, purchasers must buy homes for actual residence purposes. It has also been reported that all related legal procedures have been completed.

President Lee Jae-myung and Prime Minister Han Seongsuk are having a conversation at the Cabinet meeting held at the Blue House on July 14, 2026. Photo by Yonhap News

President Lee put the apartment up for sale on February 27. Chief Presidential Spokesperson Kang Yoo-jung explained at the time, "Although President Lee owned one property for residential purposes, his intention was to demonstrate his commitment to normalizing the real estate market to the public." It was reported that the property was listed at approximately 10% below the market price.

During the Cabinet meeting held at the Blue House on that day, President Lee, after receiving departmental reports on plans to gather public input regarding real estate policy, mentioned to Prime Minister Han Seongsuk, "I no longer have a house."

This content was produced with the assistance of AI translation services.