SH Corporation Supplies 1,031 Seoul REITs Happy Housing Units and 21 Long-Term Lease Units

[Asia Economy Reporter Donghyun Choi] Seoul Housing and Communities Corporation (SH Corporation) announced on the 22nd that it will supply 1,031 units of Happy Housing and 21 units of Long-term Jeonse housing at 60-80% of the surrounding market price to university students, youth, newlyweds, and the elderly.

Among the 1,031 Happy Housing units supplied this time, the largest allocation of 521 units is assigned to newlyweds, and 334 units are supplied to the youth group. Additionally, 153 units and 23 units are allocated to the elderly and university students, respectively. By region, 440 units are supplied in Eunpyeong-gu, 190 units in Yangcheon-gu, 97 units in Yongsan-gu, and other units across 12 regions.

All 21 Long-term Jeonse housing units supplied this time exceed 85㎡ (exclusive area) and are preferentially supplied to first-priority applicants who have been subscribed to the Housing Subscription Savings for more than 2 years and meet the regional and area-specific deposit criteria. The Happy Housing supply volume includes 823 newly supplied units and 208 resupplied units. All 21 Long-term Jeonse housing units are resupplied units, with 8 units in Guro-gu, 7 units in Gangdong-gu, and 3 units in Mapo-gu in order.

The supply price of Seoul REITs Happy Housing is calculated at 60-80% of the market price in nearby areas for both rental deposits and rents. Even for the same area, the amount varies depending on the target supply group. Rental conditions are set with a standard rental deposit ranging from 32 million KRW to 142 million KRW, and monthly rent ranging from 154,000 KRW to 521,000 KRW.

The supply price of Long-term Jeonse housing is calculated at 75-80% of the nearby area's Jeonse price, ranging from approximately 349 million KRW to 507 million KRW.

Applications for subscription can be submitted online and via mobile subscription through the SH Corporation website from June 3rd to June 5th. For the elderly and disabled only, in-person applications will be accepted at the SH Corporation 2nd floor auditorium for two days starting June 5th.

This in-person application process has different reception dates by category and complex to prevent the spread of COVID-19, so applicants must check their eligible application dates before visiting.

Eligibility, complex layouts, floor plans, and other detailed information are posted on the SH Corporation website, and detailed consultations are available through the SH Call Center.

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