SH Corporation to Supply 1,248 Happy Housing Units in Gaepo and Daechi Areas

Seoul Housing and Communities Corporation (SH Corporation) announced on the 27th that it will recruit tenants for 1,248 units of Happy Housing, including Gaepo DH Firstier I-Park.

Happy Housing is provided at 60-80% of the surrounding market price for youth, newlyweds, and the elderly. University students and youth can live for up to 6 years, newlyweds with children for 10 years, and the elderly for up to 20 years.

This supply targets 548 units in new complexes including reconstruction apartments, 240 remaining vacant units due to previous tenants moving out or contract cancellations, and 460 units for prospective tenants.

Eligible complexes include Daechi Prugio Summit, Banpo Le 2nd, DMC SK View I-Park Foret, The W Seoul, and Gangdong Rien Park Complex 11, among others.

The deposit and rent are as follows: for units up to 29㎡ exclusive area, a deposit of 57 million KRW and rent of 210,000 KRW; up to 39㎡, 89 million KRW deposit and 340,000 KRW rent; up to 49㎡, 148 million KRW deposit and 550,000 KRW rent; and up to 59㎡, 194 million KRW deposit and 700,000 KRW rent.

Eligibility requires applicants to be members of a household without homeownership as of the announcement date, the 28th, and have a monthly average income of 100% or less of the previous year’s urban worker household income. Total household assets must be 361 million KRW or less, and the value of household-owned vehicles must be 36.83 million KRW or less.

Existing Happy Housing tenants are also eligible to freely reapply for other Happy Housing units. Considering the frequent moves of university students and youth, reapplication is freely allowed but subject to maximum residence period limits per supply category.

Applications can be submitted on the SH Internet Application website from July 10 to 12. Elderly or disabled applicants who have difficulty applying online can visit SH Corporation in person for on-site application on July 11 and 12. Document screening candidates and winners will be announced on July 28 and November 22, respectively. Move-in will be possible from January next year.

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