Title
Reconstruction, redevelopment and remodelling projects start with securing property records in bulk Obtaining property registers, building ledgers and land use plans one by one is impractical, driving demand for bulk issuance.
Content
Apostille Korea said it operates a bulk issuance service for official property records such as property registers and building ledgers. As tighter real estate regulation slows reconstruction, more complexes are turning to remodelling, which involves easier permits and shorter project periods. Either route requires securing official records in bulk to confirm ownership.
- Tighter rules, including the price ceiling on private land sales and the recapture of excess reconstruction profits, are pushing complexes towards remodelling.
- According to the construction industry, 39 complexes in Seoul and the first-generation new towns are pursuing remodelling.
- Confirming owners, tracking ownership changes after development, and verifying compensation and purchases all rely on property registers, building ledgers and land use plans.
- Apostille Korea issues thousands to tens of thousands of documents in a short period and delivers them as PDFs and Excel reports.
Remodelling spreads and paperwork demand follows
Reconstruction projects slowed after the government tightened real estate regulation, including a price ceiling on private land sales and the recapture of excess reconstruction profits. As an alternative, more complexes are pursuing remodelling, which comes with easier permits and shorter project periods. Once carried out only occasionally in the first-generation new towns, remodelling has spread to ageing complexes across Seoul, and the construction industry counts 39 complexes pursuing it in Seoul and the first-generation new towns. Remodelling refers to extending an apartment building vertically or horizontally, or adding a separate building, 15 years or more after completion, increasing the number of households by up to 15 percent. Large-scale reconstruction, redevelopment and remodelling alike must first confirm owners and verify ownership changes after development. Compensation and purchase checks, urban maintenance projects, land surveying and geological surveys also take official records as their reference.
Why bulk issuance is needed and how it is handled
The documents required are official records such as property registers, building ledgers and land use plans. Obtaining them one by one through government sites consumes enormous time and manpower, and collating the desired information remains difficult. Documents print only on paper rather than remaining as PDFs, and clashes with security programmes and unstable access mean the same steps must be repeated many times to print a single document. Collecting data by hand also brings errors. Apostille Korea uses big data to issue thousands to tens of thousands of documents within a short period, delivers all of them as PDFs, and extracts large volumes of information from a single address or business registration number to compile into an Excel report in the requested format. It also links a postal code database so that mail can be sent to all owners at once.
Frequently asked questions
Which property documents do maintenance projects require?
Official records such as property registers, building ledgers and land use plans. They are mainly used to confirm owners and verify ownership changes after development.
What goes wrong when obtaining them individually?
It consumes considerable time and manpower, documents print only on paper, and repeated steps and manual collation invite errors.
In what form is the bulk issuance delivered?
Every document can be received as a PDF, and the extracted information can be compiled into an Excel report in the format you prefer.
Source: 이투뉴스 · 2019-08-29