LH Gwangju Jeonnam Headquarters Accepting Apartment Purchase Applications in Gwangju Area Until November

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Korea Land and Housing Corporation (LH) Gwangju-Jeonnam Regional Headquarters (Head Lee Jae-ro) is accepting applications for the sale of apartments located in Gwangju Metropolitan City for the purchase rental business until November 25.

The purchase rental business is a project in which LH purchases and repairs existing houses in urban areas to alleviate housing cost burdens and rents them out at prices lower than market rates. The purchased units this time will be used as rental housing for newlyweds.

The target purchase areas are Gyerim, Wolnam, and Hakdong in Dong-gu; Ssangchon and Yangdong in Seo-gu; Bangnim and Wolsan-dong in Nam-gu; Gakhwa, Yeonje, Yongbong, Yongdu, Unam, and Im-dong in Buk-gu; and Sanjeong, Seonam, Sochon, Sinchang, and Usan-dong in Gwangsan-gu.

The housing requirements for purchase are limited to apartments approved for use after January 1, 2006, within 15 years of construction age, with a complex size of 150 households or more, and under 25 pyeong (exclusive area per unit between 50㎡ and 60㎡, with at least two rooms excluding the living room), according to the Ministry of Land, Infrastructure and Transport's directive. The purchase price ceiling is 330 million KRW.

The price of the house will be determined by the appraisal amount through an on-site investigation by an appraiser. The schedule after the application deadline includes document screening and on-site investigation in early December, selection of purchase target houses in December, and signing of sales contracts within the year.

Owners wishing to sell can prepare the documents attached to the announcement and apply online from December 1 to 25. Customers who have difficulty using the internet can submit the relevant documents by mail.

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