GH, Supply of 228 Youth-Type Purchase Rental Housing Units

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is recruiting tenants for youth-type purchased rental housing to stabilize housing for young people.

Youth-type purchased rental housing refers to existing houses such as multi-family, multi-unit, and officetels that are purchased and supplied to non-homeowning youth at rents lower than the market price.

The houses supplied this time are 228 units in 9 areas including Goyang, Gimpo, Suwon, Siheung, Ansan, Yongin, Uijeongbu, Paju, and Pyeongtaek.

Eligibility for moving in is unmarried youth without a home who fall under one of the following categories: ▲ university student ▲ job seeker ▲ aged 19 to 39.

The income criterion allows applications if the applicant's income is 3,854,536 KRW or less (3rd priority standard).

The rental condition is about 30-50% of the surrounding market price, and the rental period is initially 2 years, with a maximum residence period of 6 years if renewal conditions are met.

The application period is from the 11th to the 14th of this month (1st priority), and from the 24th to the 27th (2nd and 3rd priority). To prevent COVID-19, applications will be accepted by mail.

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