South Korea’s National Tax Service (NTS) Commissioner Lim Kwang-hyun suggested a potential increase in Seoul’s housing supply through a revised policy regarding registered rental apartments. Currently, individuals receiving tax benefits through the purchase-registration rental scheme are restricted from selling their properties. Lim proposed allowing these multi-homeowners an opportunity to sell, potentially freeing up approximately 68,000 apartments in Seoul. This move aims to address housing shortages and stabilize the market by increasing available units. The NTS believes offering a pathway for landlords to exit the scheme could incentivize sales and boost overall housing availability. Further details regarding the implementation of such a policy have not been announced, but the proposal signals a shift in approach to rental housing regulations. The initiative seeks to balance tax incentives with the need for increased housing stock in the capital city.