Youth Housing 'Uriga' in Hong Eun-dong, Seodaemun-gu Moves In

16 Youths Move into 26㎡ Studio Units per Household... Live up to Age 39 at 30-50% of Nearby Market Prices

[Asia Economy Reporter Jongil Park] Seodaemun-gu (Mayor Moon Seok-jin) established the youth housing "Uriga (家)" (Myeongjigil 47) in Hong Eun-dong and held a move-in ceremony on the afternoon of the 7th.

"Uriga" is Seodaemun-gu's fourth youth housing following ▲2016 Bukgajwa-dong "Iwailiga" ▲2018 Namgajwa-dong "Cheongnyeonnuri" ▲2019 Hong Eun-dong "Youth Future Community Housing."

It is a customized public rental housing by SH Corporation, with 5 floors above ground, a site area of 252.2㎡, and a total area of 533.44㎡.

The first floor includes a community room (33㎡) supporting residents' leisure and community activities, as well as parking space for 8 vehicles.

Each unit is a studio-type structure with an exclusive area of 26㎡, accommodating 16 youths aged 19 to 37.

The average rent price is a deposit of 10.9 million KRW and a monthly rent of 140,000 KRW, which is 30-50% of the surrounding market price.

If qualifications such as income and assets are maintained, the lease is renewed every 2 years, allowing residence up to the age of 39.

Move-in took place in May this year, and the move-in ceremony had been postponed due to social distancing measures.

About 40 people including SH Corporation, residents, and district officials attended the event, which included a video screening of the housing construction process and resident interviews, a plaque unveiling, and resident remarks.

Additionally, a performance titled "The Seodaemun-gu We Dream Of, The Seodaemun-gu We Create" was held, where the youth residents completed a map of Seodaemun-gu using sticker puzzles containing their wishes for the district.

Furthermore, a "Promise Performance" between the mayor and the resident representative, pledging to make Seodaemun-gu a better place for youth to live, was held.

Moon Seok-jin, Mayor of Seodaemun-gu, stated, "We will continue to supply youth housing to stabilize youth housing and improve housing standards."

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