LH Announces Recruitment of 675 Public Housing Tenants in Incheon Yeongjong

[Asia Economy Reporter Kim Min-young] Korea Land and Housing Corporation (LH) announced on the 18th that it had issued a resident recruitment notice on the 13th for 675 public sale housing units in Incheon Yeongjong A60 Block within Yeongjong Sky City.

The supplied housing units will be constructed with a total of 675 units of exclusive household areas of 74㎡ and 84㎡, consisting of five housing types: △74A (66 units) △84A (400 units) △84E (44 units) △84B (99 units) △84C (66 units). Allocation of building and unit numbers will be determined by a computerized lottery conducted by the Korea Real Estate Board among all winners, without distinction by type, building, floor, orientation, or side within the applied housing type.

Out of the total 675 units, 573 units will be supplied under special supply categories such as multi-child families, elderly parent support, newlyweds, and first-time homebuyers, while 102 units will be supplied under the general supply category.

The housing supply price is subject to the price ceiling system, ranging from approximately 330 million KRW to 309 million KRW.

Applicants must be adults without home ownership residing in the metropolitan area (Seoul, Gyeonggi, Incheon) as of the announcement date and must be subscribers to the Housing Subscription Savings or Subscription Savings. Since the subscription period, number of payments, income, and asset criteria vary by supply type, applicants must check the resident recruitment notice individually.

The supply types are divided into △special supply (institution recommendation and national merit, newlyweds, first-time homebuyers, elderly parent support, multi-child families) and △general supply, with priority given to residents of Incheon Metropolitan City.

Selected winners are restricted from re-winning for 10 years and from resale for 6 years, with a mandatory residence period of 3 years.

The supply schedule is as follows: △application submission (24th?26th) △winner announcement (November 3rd) △contract signing (from December 19th), with move-in scheduled for January 2025.

The housing exhibition center is located in Gajeong-dong, Seo-gu, Incheon, and VR and videos can also be viewed at the Incheon Yeongjong A60 Block cyber model house.

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