Jeonse listings dry up in Mokdong, Daechi as owner-occupancy rules tighten

Listing boards sat largely empty at a real estate agency in Mokdong, Yangcheon-gu, Seoul, on Wednesday morning. Anxiety is growing among jeonse tenants in Daechi-dong, Gangnam-gu, and Mokdong, Yangcheon-gu — two of Seoul's most prominent school districts — who rent there to give their children access to top schools. Tightening owner-occupancy requirements ahead of reconstruction relocations are fueling the unease. A key driver is a government policy that defers the start of the two-year owner-occupancy requirement until a lease's expiration date.