LH to Start Applications for 1,073 Public Jeonse Housing Units from Tomorrow

Korea Land and Housing Corporation (LH) announced on the 29th that it will begin accepting applications for 1,073 public jeonse housing units starting from the 30th. By region, 873 units are in the Seoul and Gyeonggi metropolitan area, and 200 units are in other regions.

On the 14th, the LH public rental housing site, newly supplied from this year, is being unveiled in Mirae Town, Anyang, Gyeonggi Province.
Anyang ? Photo by Kang Jin-hyung aymsdream@

Public jeonse housing refers to newly built multi-family houses, row houses, officetels, and apartments in urban areas with spacious areas and pleasant living environments that LH purchases and rents out at prices lower than market rates. By paying a rental deposit, tenants can live in jeonse housing with no monthly rent, supplied to non-homeowners at prices within 90% of the market rate. The maximum residence period is six years.

Applicants who are members of non-homeowner households as of the announcement date can apply without any separate income or asset criteria. Households with three or more members are given first priority, while those with two or fewer members are second priority. Applicants can only apply in the recruitment zone corresponding to their registered residence on their resident registration certificate, and one household can apply for only one unit. Applications submitted for zones outside the residence area or duplicate applications will be invalidated.

After the winners are announced at the end of next month, eligibility verification and contract signing will take place, and move-in will be possible from December onward. Detailed information can be found in the announcement posted on the LH Subscription Plus website. Telephone consultations are also available through the LH call center. Shin Hong-gil, Acting Director of LH’s National Housing Welfare Headquarters, said, "We hope this will be a great help to low-income non-homeowners facing housing instability due to high interest rates and reverse jeonse." He added, "We will continue to make every effort to ensure housing stability for the public through continuous housing supply."

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