Pohang City Begins Construction of 460-Unit 'Happy Housing' for Youth and Newlyweds in Ilwol-dong
Pre-Sale Next Year in the First Half at 60~80% of Surrounding Market Prices
[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] On the 18th, Pohang City, Gyeongsangbuk-do, held a groundbreaking ceremony for the construction of a 460-unit "Happy Housing" complex aimed at stabilizing housing for young people in Ilwol-dong, Nam-gu.
About 70 people attended the ceremony, including Mayor Kang-deok Lee, National Assembly member Byung-wook Kim, Chairman Kyung-sik Jang of the Gyeongbuk Provincial Council, Chairman Jae-won Seo of the City Council, Nam-jin Seo, Head of LH Daegu-Gyeongbuk Regional Headquarters, and representatives of residents.
The Ilwol-dong Happy Housing construction project, with a budget of 47.4 billion KRW, will be built on a site area of 18,508㎡, consisting of a total of four buildings, 11 to 13 floors above ground, with 460 units each having an exclusive area of less than 44㎡. Completion is scheduled for the end of December 2021, with move-in targeted around March 2022. In the first half of 2021, units will be sold at a relatively affordable price, approximately 60-80% of the surrounding market price.
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Mayor Kang-deok Lee stated, "With the groundbreaking ceremony of the Ilwol-dong Happy Housing, we will contribute to stabilizing social activities through housing stability for young people, and work closely with LH to ensure timely supply of housing so that newlyweds can also achieve housing stability and an increase in birth rates."
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