Part 3/9:
In Heong Jang, renting has become almost negligible, with residents only needing to cover minimal heating and property management fees. The shift from owning property to a near “free” rental market has led to skepticism among potential buyers who feel there must be a catch to the low prices. Many contend that while the initial cost is enticing, the long-term fees associated with heating and property management can accumulate, making it nearly impossible to make a profit. Furthermore, the low population density creates challenges for renting properties, as the competition for tenants has become stiff to the point where some owners are compelled to offer rent-free agreements quite literally in exchange for covering basic upkeep.