SH Corporation "Supplying 404 Units of Seoul REITs Happy Housing"

Supply of Happy Housing for Youth, Newlyweds, and Elderly
Application Announcement on 29th, Subscription from October 13 to 15
New Supply of Seoul Redevelopment Apartments and Resupply of Existing Housing

[Asia Economy Reporter Yuri Kim] Seoul Housing and Communities Corporation (SH Corporation) will supply 404 units of Happy Housing at 60-80% of the surrounding market price to youth, newlyweds, and the elderly. Applications for subscription will be accepted for three days from October 13 to 15.

On the 29th, SH Corporation announced that it will recruit tenants for 404 units of Happy Housing owned by Seoul REITs in 10 areas including Seongbuk-gu, Eunpyeong-gu, and Mapo-gu. Among the 404 units, the largest number of 206 units are allocated to youth. 120 units will be supplied to newlyweds, 66 units to the elderly, and 12 units to housing benefit recipients.

By supply area, Seongbuk-gu, which includes the Kkum-ui-Sup I-Park complex, has the largest number with 162 units, followed by Eunpyeong-gu with 73 units, Mapo-gu with 56 units, and Seodaemun-gu with 32 units. The Happy Housing supply consists of 224 newly supplied units and 180 resupplied units.

The supply price of Seoul REITs Happy Housing was set 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 supply target. The rental conditions are set with a standard rental deposit ranging from 32 million KRW to 145 million KRW, and monthly rent ranging from 223,000 KRW to 520,000 KRW.

Applications for subscription can be submitted online or via mobile through the SH Corporation website from October 13 to 15. However, SH Corporation will accept in-person applications on October 15 at the SH Corporation 2nd floor auditorium only for the elderly or disabled who have difficulty applying online or via mobile.

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

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