Dongincheon Station Park Prugio 'Publicly Supported Private Rental' Tenant Recruitment

Incheon Urban Corporation to Supply 2,005 Households by the End of August

Dongincheon Station Park Prugio [Provided by Incheon Urban Corporation]

[Asia Economy Reporter Park Hyesook] Incheon Urban Corporation (iH) will supply 2,005 units of the 'Dongincheon Station Park Prugio' public-supported private rental housing through rental business operators (real estate funds) by the end of August.

This apartment complex is a 'public-supported private rental linked redevelopment project' located in Songnim-dong, Dong-gu, a representative old downtown area of Incheon. iH is participating as the project implementer of the redevelopment project and as an investor in the real estate fund, which is the rental business operator of the private rental housing.

Dongincheon Station Park Prugio consists of a total of 2,562 units from basement level 4 to ground level 48, and the 2,005 units scheduled for supply this time range from 21㎡ to 84㎡ (exclusive area).

It is a 5-minute walk from Dongincheon Station on Seoul Metropolitan Subway Line 1, and has excellent accessibility to the metropolitan transportation network including Incheon-daero, Gyeongin Expressway, and the 2nd Metropolitan Outer Ring Expressway, making travel to Seoul and the metropolitan area convenient.

Known as a so-called 'Chopuma' complex that includes Songnim Elementary School and its affiliated kindergarten, there are also elementary, middle, and high schools such as Dongsan Middle School, Dongsan High School, Jemulpo High School, and Inil Girls' High School within a 1 km radius.

In particular, the public-supported private rental housing of Dongincheon Station Park Prugio is promoted under the 'pre-construction, then tenant recruitment' method, which allows tenants to move in quickly after signing the contract.

The supply is divided into special supply (401 units) for youth and newlyweds, and general supply (1,604 units) for household members aged 19 or older without home ownership.

Tenants can reside stably for up to 8 years after moving in. The rental deposit and rent are affordable at 95% of market price (85% for special supply), and the increase rate is limited to less than 5% per year, which iH expects will be well received by actual demanders.

The real estate fund plans to prioritize supply to residents of Dong-gu, Incheon in August, and then recruit tenants from the general public nationwide.

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