LH Gwangju Jeonnam Supplies 352 Purchased Rental Units for Youth and Newlyweds

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Korea Land and Housing Corporation Gwangju Jeonnam Regional Headquarters announced on the 30th that it is recruiting preliminary tenants for purchased rental housing targeting youth and newlyweds in Gwangju Metropolitan City and Jeollanam-do (Mokpo, Suncheon) areas.

The purchased rental housing project is a business in which LH purchases multi-family and other housing, renovates them, and rents them out at prices lower than market rates.

In this announcement, three times the number of target housing units will be recruited as preliminary tenants. Once selected as a preliminary tenant, applicants will designate their preferred housing among the target units and proceed with the contract according to their order.

The total number of target housing units is 352, divided by type as follows: ▲Youth 139 units ▲Newlyweds 213 units, and by region as follows: ▲Gwangju 333 units ▲Jeonnam 19 units.

Youth purchased rental housing is supplied as a full option including home appliances such as refrigerators, washing machines, and air conditioners, reflecting the frequent relocation situations of young people due to studies or employment. Residents can live for up to 6 years at 40-50% of the market price.

Newlywed purchased rental housing is supplied to newlyweds within 7 years of marriage and prospective newlyweds. It is divided into Newlywed Type I, which supplies multi-family housing at 30-40% of market price, and Newlywed Type II, which supplies apartments at 70-80% of market price.

Newlywed Type I allows residence for up to 20 years, and Newlywed Type II for up to 6 years. If there are children, residence can be extended up to 10 years.

The recruitment schedule for youth type is ▲Application submission (April 14?19) ▲Announcement of document submission candidates (April 20) ▲Document submission (April 21?25), and for newlywed type is ▲Application submission (April 14?21) ▲Announcement of document submission candidates (April 22) ▲Document submission (April 25?29).

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