Gyeongnam Province Youth Housing, Recruitment of Resident Youth Begins

Early Selection of Residents, Creating Youth Housing Together with Resident Youths

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongnam Province will begin recruiting the first round of tenants for the private participation youth housing located in Sambang-dong, Gimhae City, for 10 days starting from the 22nd.

Private participation youth housing is a shared housing for young people that allows residence for up to 6 years with a rental deposit of 1 million KRW and a monthly rent of 50,000 to 200,000 KRW, which is about 50% of the surrounding market price, to alleviate the housing cost burden for youth.

The province will recruit tenants in two rounds to fully reflect the opinions of young people during the entire construction period of the youth housing project, which will begin construction at the end of December.

Eligibility for tenancy includes residents of the province and Busan City aged 19 to 39, selecting tenants in order of small and medium enterprise workers earning less than 120% of the previous year's average monthly urban worker income, job seekers, and others.

The application period is from the 22nd to the 31st. The selection results will be announced on January 7 of next year. Young people wishing to apply can check the announcement posted on the Gyeongsangnam-do website, Gyeongnam Development Corporation website, and Gimhae City website.

Choi Jin-hoe, Director of the Architecture and Housing Division of the province, said, "We expect this private participation youth housing project to reduce the housing cost burden for young people in the province," adding, "We will continue to implement the youth housing supply plan without delay and continuously reflect the opinions of users to expand housing welfare for youth."

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