GH to Supply 117 Units of 'Purchase Rental Housing' at 10 Locations Including Suwon with Prices 30% Below Market

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is recruiting preliminary tenants for a total of 117 purchase-rental housing units in 10 cities within the province, including Guri, Gimpo, Suwon, and Uijeongbu, to ensure housing stability for vulnerable groups.

Purchase-rental housing refers to multi-family houses and other properties purchased for the housing stability and self-sufficiency of low-income residents, which are then renovated and rented out at about 30% of the market price.

The contract period is initially 2 years, and residents can stay for up to 20 years if renewal conditions are met.

In particular, reflecting regional housing demand, 59 units of Type 1 (exclusive area under 50㎡), suitable for households of two or fewer, and 58 units of Type 2 (exclusive area between 50 and 85㎡), suitable for households of three to four members, will be evenly supplied.

Eligibility for moving in includes members of households without housing residing in the relevant city or county as of the announcement date (August 6), who are ▲ recipients of livelihood or medical benefits ▲ single-parent families ▲ households urgently needing housing support ▲ low-income elderly (65 years or older) ▲ persons with disabilities with monthly average income below 100% ▲ and persons with monthly average income below 50%, among others.

Applications can be submitted from the 23rd to the 27th by visiting the administrative welfare center with jurisdiction over the applicant’s resident registration address.

For more details, please refer to the GH website.

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