Gyeonggi Housing and Urban Corporation to Purchase Additional Houses for Rental Housing Acquisition Project

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is set to purchase multi-family houses and other properties for its existing housing purchase rental project.

The target properties for purchase are multi-family houses and apartment buildings (multi-unit houses, row houses, urban lifestyle housing) with an exclusive area of 85㎡ or less per unit. Residential officetels with an exclusive area of 40㎡ or less per unit are also included.

GH selects properties through document reviews and on-site inspections assessing housing quality, including location conditions such as public transportation accessibility, building age, and maintenance status, followed by purchase deliberations.

The purchase price is the arithmetic average of the amounts appraised by two appraisal institutions.

GH accepts applications by registered mail until the 18th. For more details, visit the GH website (www.gh.or.kr) or contact the call center at 1588-0466.

The existing housing purchase rental project involves GH purchasing houses, renovating them, and renting them out at 30% to 50% of market prices to low-income, homeless citizens such as livelihood and medical benefit recipients, single-parent families, persons with disabilities, and youth.

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