LH to Supply a Total of 730 Sale and Rental Housing Units Nationwide in October

Incheon Yeongjong A-10 Block Public Sale Housing, 600 Units of 'National Standard' 84㎡ Type Supplied
Ongjin Yeonpyeong and Hadong Gwangpyeong Districts Supply a Total of 130 National and Permanent Rental Housing Units

Korea Land and Housing Corporation (LH) announced on the 7th that it will issue tenant recruitment notices for a total of 3 complexes and 730 households nationwide in October.

The housing supplied this month includes △600 public sale units △110 national rental units △20 permanent rental units, and will be supplied in Incheon Metropolitan City and Gyeongsangnam-do.

‘Public sale housing’ is supplied at prices lower than the surrounding market prices to help non-homeowners who need housing secure a home. It features excellent transportation conditions and well-equipped convenience facilities such as kindergartens, daycare centers, schools, and commercial areas. Applicants must be adult members of non-homeowner households residing in the metropolitan area and must be subscribers to tenant savings (comprehensive housing subscription savings, subscription savings). The eligibility requirements such as subscription period and number of payments vary depending on the supply type.

‘Incheon Yeongjong A-10 Block’ is a public sale housing complex located in Unseo-dong, Jung-gu, Incheon, with tenant recruitment notices scheduled for the end of October. The complex is near Unseo Station on the Airport Railroad (0.75 km), and offers convenient access to the metropolitan area via the Third Incheon Bridge (scheduled to open), the International Airport Expressway, and the Incheon Bridge Expressway. Additionally, excellent school districts such as Incheon Science High School, Incheon International High School, and Incheon Sky High School are nearby.

The housing supply includes a total of 600 units: △414 units of 84A㎡ type and △186 units of 84B㎡ type. Of these, 85% are allocated for special supply categories such as △multi-child families, △newlyweds, and △first-time homebuyers, while 15% are allocated for general supply. If special supply applications for each housing type are insufficient, the remaining units will be converted to general supply. The recruitment schedule includes △announcement (end of October), △application and reception (November), and △winner announcement (November), with move-in expected in March 2024.

‘National rental housing’ is supplied to non-homeowner household members who meet income and asset requirements, offering rental conditions 60-80% cheaper than market prices, with a maximum residence period of 30 years. Applicants must be non-homeowner household members as of the announcement date, with a monthly average income of 70% or less of the household size standard (4.36 million KRW for households of three or fewer), total asset value of 292 million KRW or less, and vehicle value of 34.96 million KRW or less. Priority supply is available for △seniors aged 65 or older, △persons with disabilities, △newlyweds, and △eligible single-parent families.

‘Permanent rental housing’ is supplied to national merit recipients, basic livelihood security recipients, and others who reside in the relevant area and meet non-homeownership, income, and asset requirements. It offers rental conditions about 30% cheaper than market prices, with a maximum residence period of 50 years. Applicants must be non-homeowner household members as of the announcement date, with total asset value of 215 million KRW or less and vehicle value of 34.96 million KRW or less, and must meet income criteria according to eligibility. Priority supply applications are available for △national merit recipients and △basic livelihood security recipients who are newlyweds or prospective newlyweds.

‘Ongjin Yeonpyeong Village Maintenance-Type Public Housing’ is a mixed complex of national and permanent rental housing to be constructed on Yeonpyeong Island, one of the five islands in the West Sea, with announcements scheduled for the end of October. The housing supply consists of 40 national rental units (△10 units of 24㎡ type, △16 units of 29㎡ type, △8 units of 33㎡ type, △6 units of 46㎡ type) and 10 permanent rental units (24㎡ type). Daeyeonpyeong Island, where the housing is located, is about a 2-hour one-way trip from Incheon Port and will be built next to Yeonpyeong Sports Complex, a major bus stop in the province. The recruitment schedule includes △announcement (end of October), △application and reception (November), and △winner announcement (March 2022), with move-in expected by the end of 2022.

‘Hadong Gwangpyeong 1 Block’ is a mixed complex of national and permanent rental housing located in Gwangpyeong-ri, Hadong-eup, Hadong-gun, Gyeongsangnam-do, with announcements scheduled for the end of October. The housing supply consists of 70 national rental units (△22 units of 29㎡ type, △26 units of 33㎡ type, △22 units of 46㎡ type) and 10 permanent rental units (26㎡ type). Within a 1 km radius of the complex are Hadong Station on the Gyeongjeon Line and the intercity bus terminal. National Routes 2 and 19 intersect nearby, and the Namhae Expressway Hadong IC connects the transportation network, facilitating easy access to surrounding major cities. The recruitment schedule includes △announcement (end of October), △application and reception (November), and △winner announcement (January 2022), with move-in expected in the first half of 2023.

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