GH, Goyang and 11 Other Areas in the Province to Supply 39 Units of 'Existing Housing Purchase Rental Housing'

Gyeonggi Housing and Urban Development Corporation Exterior View

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is recruiting tenants for its existing housing purchase rental project to stabilize housing for vulnerable groups in the province.

The existing housing purchase rental project involves purchasing existing houses such as multi-family, multi-unit, and officetels, renovating them, and supplying them at rental rates lower than the market price.

The houses being recruited this time total 39 units, located in 11 areas within the province including Goyang, Namyangju, Dongducheon, Bucheon, Suwon, Siheung, Ansan, Anseong, Osan, Icheon, and Pyeongtaek.

Eligibility requirements have been relaxed to allow households without housing whose monthly average income is 150% or less of the previous year's average monthly income of urban workers per household (originally 70% or less).

The contract period is initially 2 years, and tenants can reside for up to 20 years if renewal conditions are met. Rent is set at about 30% of the surrounding market price, with rental deposit and monthly rent determined accordingly.

The application period is from January 16 to 19 next year, and applications are accepted by registered mail. Detailed information can be found on the GH website.

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