Paju Unjeong 3 and Osan 'Publicly Supported Private Rental Housing' Project Operator Recruitment

[Asia Economy Reporter Moon Jiwon] On the 21st, the Ministry of Land, Infrastructure and Transport announced that it will announce a public offering for businesses to construct 'publicly supported private rental housing' in two districts, Paju Unjeong 3 and Osan Osan, owned by Korea Land and Housing Corporation (LH), on the 23rd. Letters of intent to participate in the project will be accepted on January 5-6 next year.

Publicly supported private rental housing has the advantage of lower rent compared to surrounding market prices. General housing rents are capped at 95% or less of market prices, and youth housing rents are capped at 85% or less. Priority is given to the homeless, and more than 20% is specially allocated to youth and newlyweds.

(Data from the Ministry of Land, Infrastructure and Transport)

The Paju Unjeong 3 A-3 district site covers a total of 70,928㎡. It plans to supply 1,222 units of multi-family housing with exclusive areas of 60㎡ or less and 60-85㎡. It is easily accessible to adjacent cities, counties, and districts via the Seoul-Munsan Expressway and National Road No. 77 (Jayuro), and Unjeong Station (Gyeongui-Jungang Line) is located about 2 km south of the project site.

Jisan Elementary School, Hangaram Middle School, and Jisan High School are nearby, along with convenience facilities such as hospitals, large marts, cinemas, and restaurants, as well as Garam Library, Unjeong Lake Park, and Unjeong Sports Park. Inflow from industrial complexes such as Paju LG Display and the publishing complex, as well as Ilsan New Town, is expected, and transportation accessibility is also expected to improve with the opening of the Seoul Metropolitan Express Railway (GTX)-A and the Second Outer Ring Road.

(Data from the Ministry of Land, Infrastructure and Transport)

In the Osan Osan 1BL district, a total of 17,738㎡ of land will be used to supply 366 units of multi-family housing with exclusive areas of 60㎡ or less and 60-85㎡. It is convenient to access the Osan tollgate on the Gyeongbu Expressway, and Osan University Station (about 1.8 km) and Osan Station (about 2 km) on Subway Line 1 are nearby. It takes about 1 hour and 20 minutes to reach Gangnam Station by express bus.

Uncheon Elementary, Middle, and High Schools, a health center, police station, and city hall are nearby, and it is also convenient to use sports centers, general stadiums, and neighborhood parks. Osan University is nearby, and the Dongtan Industrial Complex is to the north, so a large rental demand is expected along with convenient residential conditions.

LH will announce the public offering for businesses on the 23rd, and letters of intent will be accepted on January 5-6 next year. Only businesses that submit letters of intent will be asked to submit business plans on February 24 next year, and a preferred negotiation partner will be selected through evaluation in March. The selected preferred negotiation partner will proceed with the project in earnest after going through procedures following detailed business discussions with the Housing and Urban Guarantee Corporation (HUG).

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