Suncheon-si Promotes 'Half-Price Rent' for Remodeling Vacant Houses

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Suncheon City in Jeollanam-do announced on the 15th that it will promote the ‘Urban Vacant House Remodeling’ project, which finds houses left vacant in the city center, transforms them into new residential spaces, and rents them out to citizens in need of affordable housing.

The ‘Urban Vacant House Remodeling’ project aims to ensure housing stability by renting to newlyweds, low-income families, and university students at half the market price for three years.

Owners of old houses can participate after consulting with Suncheon City under the condition of renting at half the market price for three years after remodeling. Remodeling construction costs are supported up to 20 million KRW per house, with owners required to cover 30% of the construction costs. This year, a budget of 100 million KRW will be invested to pilot remodel and rent five vacant houses.

Owners wishing to apply can submit their applications to the administrative welfare center of the district where the building is located or to the Suncheon City Architecture Division by the end of January. For more details, inquiries can be made to the Suncheon City Architecture Division.

A Suncheon City official stated, “The Urban Vacant House Remodeling project is a program that enhances both the housing stability of ordinary citizens and the city center’s landscape,” and urged many citizens to take an interest.

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