GH Accepting Housing Sale Applications for Purchase Rental Housing Project

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) has started purchasing multi-family houses and other properties from the 12th as part of its existing housing purchase and rental project to stabilize housing for low-income and youth groups in the province.

The existing housing purchase and rental project is a program where GH buys and renovates houses, then rents them to homeless low-income citizens such as livelihood and medical benefit recipients, single-parent families, disabled persons, and youth at 30-50% of the market price.

GH accepts sales applications for multi-family houses and apartment-type housing (multi-unit houses, row houses, urban lifestyle housing) with an exclusive area of 85㎡ or less per unit. Residential officetels with an exclusive area of 40㎡ or less per unit are also eligible for application.

GH conducts document screening on location conditions and housing quality for the houses applying for sale, followed by on-site inspections and purchase reviews to finalize the purchase targets.

The purchase price is calculated as the arithmetic average of the amounts appraised by two appraisal institutions.

GH accepts applications via registered mail until the 27th of next month. Detailed information is available on the GH website (www.gh.or.kr).

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