Jeju Development Corporation Announces Recruitment of Preliminary Tenants for General Purchase Rental Housing

Applications accepted from 344 households... Registration at Eup, Myeon, Dong offices from 10/5 to 10/8

[Jeju=Asia Economy Honam Reporting Headquarters Reporter Park Chang-won] Jeju Special Self-Governing Province Development Corporation announced on the 25th that it will recruit preliminary tenants for general purchase rental housing to improve the residential welfare of residents.

Since 2006, Jeju Development Corporation has been purchasing existing houses to supply (rent) to vulnerable housing groups in the province to improve residential welfare for low-income households, and is currently operating a total of 875 units, including 200 newly purchased units this year.

This recruitment includes a total of 344 households, with 240 households in Jeju City and 104 households in Seogwipo City.

Applications will be accepted for 4 days from Monday, October 5 to Thursday, October 8 at the resident registration district's eup, myeon, and dong offices.

The recruitment announcement can be checked on the websites of Jeju Development Corporation, Jeju Special Self-Governing Province, Jeju City, and Seogwipo City respectively.

Preliminary tenants are recruited by type of recruitment area, and detailed information can be found in the tenant recruitment announcement.

The rental deposit and monthly rent for purchase rental housing are about 30% of the market rent. The initial rental period is 2 years, and residents can live for up to 20 years if they maintain eligibility.

Kim Jeong-hak, president of Jeju Development Corporation, said, “Our corporation is promoting the supply of 2,000 public rental housing units as one of the key strategic tasks of the ‘Regional Development Public Development Project.’ We will do our best to realize the residential happiness of residents.”

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