SH, Seoul REITs Happy Housing 339 Units and Long-term Jeonse 22 Units Supplied

Location Map of Geoye 2-1 District

[Asia Economy Reporter Kim Min-young] Seoul Housing and Communities Corporation announced on the 29th that it will supply 339 units of Seoul REITs Happy Housing and 22 units of long-term jeonse housing.

Happy Housing is public (rental) housing supplied to youth, newlyweds, university students, and the elderly at 60-80% of the surrounding market price. University students and youth can live for up to 6 years, newlyweds with children for up to 10 years, and the elderly for up to 20 years. Long-term jeonse housing is a type where middle-class and other non-homeowners can live long-term for up to 20 years by paying only a deposit of 80% or less of the market price without monthly rent.

The related tenant recruitment announcement will be posted on the SH Corporation website on the 30th, and subscription applications will be accepted for three days from January 10 to 12.

This time, the largest number of Happy Housing units, 164, are allocated to newlyweds, and 106 units are supplied to the youth group. Additionally, 69 units are supplied to the elderly group.

Happy Housing consists of 223 units in four newly supplied complexes: The Sharp Park Prestige, Songpa Signature Lotte Castle, DMC SK VIEW, and DMC Central Xi, and 116 units in 14 complexes for resupply. By supply region, Eunpyeong-gu, which includes the DMC Central Xi complex, has the most units with 182, followed by Songpa-gu with 43 units, Seongbuk-gu with 31 units, Yangcheon-gu with 28 units, and Seongdong-gu with 19 units.

All 22 long-term jeonse housing units are large-sized (over 85㎡), and priority is given to first-priority applicants who have been subscribed to the Housing Subscription Savings (subscription deposit) for more than two years and meet the regional and area-specific subscription deposit criteria.

All 22 units are resupply units, consisting of 9 units in Mapo-gu, 7 units in Gangdong-gu, 4 units in Seongdong-gu, and 2 units in Gangnam-gu.

The supply price of Happy Housing is set at 60-80% of the market price of nearby areas for both rental deposits and rent, with different amounts applied depending on the supply target even for the same area. Rental deposits range from 71.4 million to 178.11 million KRW, and monthly rent is set between 249,000 and 623,000 KRW.

The supply price of long-term jeonse housing is set at 75-80% of the nearby area's jeonse price, ranging from about 384 million KRW to 708 million KRW.

Subscription applications can be submitted through the SH Corporation website from January 10 to 12. However, for information-vulnerable groups who have difficulty applying online or via mobile, in-person applications will be accepted on the 12th only at the SH Corporation's 2nd-floor auditorium.

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