SH Corporation Supplies 126 Units of Seoul REITs Happy Housing
[Asia Economy Reporter Hwang Seoyul] Seoul Housing and Communities Corporation (hereinafter SH Corporation) will supply 126 units of Seoul REITs Happy Housing next month.
On the 24th, SH Corporation announced that it will provide Seoul REITs Happy Housing to university students, youth, newlyweds, and the elderly at 60-80% of the surrounding market price.
Applications for subscription will be accepted for three days from November 9 to 11. However, for information-vulnerable groups who have difficulty applying online or via mobile, in-person applications will be accepted on the 11th of next month at the auditorium on the 2nd floor of SH Corporation. The tenant recruitment announcement will be posted on the SH Corporation website at 4 p.m. on that day.
A total of 126 units of Seoul REITs-owned Happy Housing will be supplied in six autonomous districts, including 36 units in the new complex 'Raemian Elinity' in Dongdaemun-gu. The supply includes 36 units in new complexes, 17 remaining vacant units due to previous tenants moving out or contract cancellations, and 73 units for prospective tenants.
The exclusive area ranges from 34 to 40㎡, and the supply price is set between a deposit of 84 million KRW to 190 million KRW, with monthly rent ranging from 309,000 KRW to 680,000 KRW.
The supply price, including both rental deposit and rent, is calculated at 60-80% of the market price in nearby areas. The maximum residency period is 6 years for youth, 10 years for newlyweds with children, and 20 years for the elderly.
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Eligibility requirements include being a member of a household without a home as of the tenant recruitment announcement date (24th), having a monthly average income of 100% or less of the previous year's urban worker household income by household size, total household assets of 325 million KRW or less, and a household-owned vehicle value of 35.57 million KRW or less. These criteria may vary depending on the supply target, and detailed information can be found on the corporation's website.
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