Seongdong-gu, Nation's First Half-Price Brokerage Fee Service for Single-Person Households

This month, the nationwide first 'Half-Price Brokerage Fee Service' expands its target from university students to single-person households... Applicable brokerage scale is for jeonse and monthly rent converted deposit under 100 million KRW, provided through voluntary talent donation by brokerage offices

A woman from a single-person household is receiving real estate consultation for moving at a real estate agency participating in talent donation within the community.

[Asia Economy Reporter Jong-il Park] Seongdong-gu (Mayor Jeong Won-oh) has expanded the target of the "Half-Price Brokerage Fee Service" (hereinafter referred to as the service) this month to include single-person households, actively supporting their housing needs.

The service, which was previously limited to university students located within the district, has now been expanded to single-person households. Any single-person household in the area can receive a 50% reduction in brokerage fees when signing a housing lease contract.

The applicable brokerage scale is for jeonse and monthly rent converted deposits of 100 million KRW or less. For example, if the monthly rent deposit is 30 million KRW and the monthly rent is 500,000 KRW, the statutory brokerage fee is 300,000 KRW, but by paying 150,000 KRW, which is half the price, to the brokerage office, the service can be utilized.

With recent rapid increases in housing prices and the continuous rise in single-person households, the district has prepared measures to reduce housing cost burdens that these households can directly feel. The half-price real estate brokerage fee service, which was previously limited to Hanyang Women's University students, has been expanded to single-person households.

As the service, which is the first of its kind nationwide, is carried out through voluntary talent donation by brokerage offices, participation from local certified real estate agencies has been encouraged, and active promotion has been made so that single-person households can use the service.

The list of participating agencies has been posted on the district office, Hanyang Women's University and student council websites, and community centers. Inside and outside the participating brokerage offices, certificates and information boards indicating talent donation brokerage offices have been displayed so that the beneficiaries, single-person households and Hanyang Women's University students, can be informed.

There are 180 brokerage offices participating in the service project, accounting for more than 20% of the total 863 certified real estate agencies operating in the area. A consensus to overcome difficult times together has been formed, contributing to the establishment of a culture of regional coexistence. The half-price brokerage fee service is expected to strengthen housing support policies for single-person households.

In May, the district launched the "Single-Person Household Support Policy Task Force" (TF) to continuously prepare measures to support the rapidly increasing single-person households.

Various support policies have been reviewed and adopted, including "Support Services to Solve Companion Household Issues," "Housekeeping Support Services for Storage and Organization," and the establishment of a platform to form a single-person household network. In the future, along with the enactment of related ordinances, a "Single-Person Household Support Center" will be established to provide a systematic and comprehensive support base, promoting all-around support policies such as leisure, culture, and community services.

Jeong Won-oh, Mayor of Seongdong-gu, said, "As housing prices soar and the population structure rapidly changes, housing costs for single-person households are increasing. We have expanded this project to provide some economic help to single-person households. I sincerely thank the representatives of the certified real estate offices who voluntarily participated in social contribution through talent donation, and I hope this spirit of the times spreads widely across various sectors of society."

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