Chungnam Happy Housing 'First Shovel'... Free Rental for Families with Two Children

[Asia Economy (Naepo) Reporter Jeong Il-woong] Chungnam Province has broken ground on the ‘Chungnam-type Happier Housing (hereinafter Chungnam Happy Housing)’ project just one year after its launch. The Chungnam Happy Housing project is being promoted with the aim of reducing housing cost burdens for newlyweds and others, thereby increasing marriage and birth rates within the region.

According to the province on the 28th, Chungnam Happy Housing is located in two blocks of apartment complexes in the Asan Baebang Woljeon District, Buksoo-ri, Baebang-eup, Asan City.

The units by supply area are ▲ 36㎡ type (formerly 18 pyeong) with 60 units ▲ 44㎡ type (formerly 20 pyeong) with 180 units ▲ 59㎡ type (formerly 25 pyeong) with 360 units, totaling 600 units, constructed with 2 basement floors and 10 to 25 floors above ground.

Chungnam Happy Housing is designed with seven types according to family growth stages, including marriage and childbirth planning for prospective newlyweds, childbirth planning and nurturing for early and mid-stage newlyweds, and multi-child planning and nurturing types. Various auxiliary facilities within the complex will create an optimal childcare environment.

The national and public daycare center to be established within the complex will include 10 childcare rooms, playrooms, a large auditorium, and teacher’s rooms. Art and culture classes, a small library, a creativity center, cooking classes, and a Moms Station will also be provided.

Additionally, a newlywed support center, senior citizens’ center, community caf?, commercial facilities, and 611 parking spaces will be installed to enhance convenience for residents.

The province is investing a total budget of 136.9 billion KRW in the Chungnam Happy Housing project, including 24.8 billion KRW for land acquisition, 95 billion KRW for construction, and 17.1 billion KRW for other expenses. The project is implemented by Chungnam Development Corporation, and construction is entrusted to the Hanshin Engineering consortium, selected last year as the preferred negotiation partner through a private sector proposal evaluation.

The province plans to announce resident recruitment in September next year and aims for move-in to be possible in 2022.

Above all, Chungnam Happy Housing is expected to significantly reduce the burden on residents, with monthly rent set at a maximum of 150,000 KRW.

In fact, the monthly rents are set at ▲ 150,000 KRW for the 59㎡ type ▲ 110,000 KRW for the 44㎡ type ▲ 90,000 KRW for the 36㎡ type, which is more than 50% cheaper than the standard rents as of last year (59㎡ type 320,000 KRW, 44㎡ type 240,000 KRW, 36㎡ type 200,000 KRW). The deposit ranges from 30 million to 50 million KRW, similar to the standard rental deposit.

In particular, the province will reduce rent by 50% if a Chungnam Happy Housing resident has one child, and by 100% if they have two children, and the rental period can be extended from the basic 6 years up to a maximum of 10 years depending on childbirth.

Yang Seung-jo, Governor of Chungnam Province, said, “I hope Chungnam Happy Housing will become a new hope for the younger generation who hesitate to marry and have children in the future.”

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