LH to Accelerate Supply of 1,236 Happy Housing Units

First Supply of Happy Housing in February, Recruiting 1,116 Households in the Seoul Metropolitan Area and 120 Households in Provincial Areas
LH Application Center Accepts Applications from March 10 to 18, Winners Announced After June 2022
First Quarter Integrated Recruitment Notice to be Separately Announced at the End of March, Supplying About 3,000 Households in 10 Locations

[Asia Economy Reporter Jo Gang-wook] Korea Land and Housing Corporation (LH) announced on the 2nd that it conducted the first recruitment of Happy Housing tenants for this year on the 28th of last month.

LH has been conducting regular integrated recruitment for Happy Housing quarterly in March, June, September, and December every year. However, this time, it explained that the announcement period for the first tenant recruitment of the year was advanced to support housing stability for young people and newlyweds.

The housing supply this time includes 1,236 units across three districts: 194 units in Goyang Jichuk A-2, 922 units in Hwaseong Hyangnam2 B-15, and 120 units in Jeonju Deokjin. Applications for subscription can be made through the LH Subscription Center from the 10th to the 18th. The announcement of successful applicants is scheduled for after June.

Goyang Jichuk A-2 (194 units) is a Newlywed Hope Town, with all units supplied at a larger exclusive area of 55㎡ compared to existing Happy Housing. Jichuk Station on Subway Line 3 is located within a 15-minute walk, and the wide-area transportation network including Tongillo and Goyang-daero is excellent. Near Hwaseong Hyangnam2 B-15 (922 units), various industrial complexes such as Hwaseong Balan Industrial Complex are located. Jeonju Deokjin Happy Housing (120 units) is situated within the city area, with Jeonbuk Provincial Office, Jeonju City Hall, Jeonju Station, and department stores within a 5km radius.

Separately from this tenant recruitment, LH plans to conduct the first quarter integrated recruitment for Happy Housing targeting about 3,000 units in 10 complexes at the end of this month. ‘Happy Housing’ is rental housing supplied at affordable prices to young people such as university students, youth, and newlyweds. If applicants meet the eligibility, income, and asset criteria for each type, they can move in under rental conditions 60-80% cheaper than the surrounding market prices.

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