Recruitment of 2,318 Tenants for Youth and Newlywed Purchase Rental Housing... Rent at Half Price

Schedule for Recruiting Tenants for Purchase Rental Housing for Young Newlywed Couples (Data provided by the Ministry of Land, Infrastructure and Transport)

The Ministry of Land, Infrastructure and Transport announced on the 28th that it will begin recruiting tenants for 2,318 purchase rental housing units for youth and newlywed couples.

The units being recruited this time include 1,116 youth-type units and 1,202 newlywed couple-type units, totaling 2,318 units. By region, 971 units are in the Seoul metropolitan area, and 1,347 units are in other regions.

Youth and newlywed couples who apply for residency will undergo qualification verification based on income and assets, and may begin moving in as early as the end of February next year.

Youth purchase rental housing is supplied as fully furnished units equipped with home appliances such as refrigerators, washing machines, and air conditioners, reflecting the frequent relocation needs of young people due to studies or employment. Residents can live for up to six years at a low rent level of 40-50% of the market price.

Newlywed couple purchase rental housing is available not only to newlywed couples within seven years of marriage and prospective newlyweds but also to households raising children under six years old. These are multi-family homes with two or more rooms, offered at a low rent level of 30-40% of the market price, with a maximum residency period of 20 years.

For more detailed information regarding purchase rental housing, please refer to the announcement posted on the LH Application Center.

Applications for the youth-type housing will be accepted from January 7 to 10 next year, with results announced on February 18. Applications for the newlywed couple-type housing will be accepted from January 7 to 12, with tenants announced on March 3.

Jung Suho, Director of the Housing Welfare Support Division at the Ministry of Land, Infrastructure and Transport, stated, "Next year, we plan to continuously strive to secure about 30,000 new units to support housing for young people, including youth and newlywed couples."

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