Reform of Subscription System... More Benefits for Households with More Children and Married Couples

Annual 70,000 Newborn Special Supply Units for Households with Children Under 2
Dual-Income Income Criteria Allow Subscription Up to 200%

The Ministry of Land, Infrastructure and Transport announced on the 30th that it will give legislative (administrative) notice of six laws and administrative regulations, including the Enforcement Rules of the Public Housing Special Act, as follow-up measures to the 'Housing Support Plan to Overcome Low Birthrate.'

First, special public sale supply (New:Home) for households with children under the age of 2 (including fetuses) will be newly established with 30,000 units annually, priority supply for private sales (10,000 units annually), and priority supply for public rental housing (30,000 units annually).

Also, for dual-income households under the New:Home special supply, a lottery system allowing subscription up to 200% of the average monthly income (general supply) will be newly introduced, increasing from the existing 100% income standard (10% per type).

The target for special supply for multiple children in private sales will be expanded from households with three children to those with two children, aligning with New:Home.

Even if both spouses win the lottery, the first winning part will be recognized, and the subscription winning and housing ownership history of the spouse before marriage will be excluded from subscription requirements to prevent disadvantages in subscription applications due to marriage.

Jin Hyun-hwan, Director of the Housing and Land Office at the Ministry of Land, Infrastructure and Transport, said, "Since the low birthrate problem is serious, we have significantly reformed the subscription system to focus more benefits on married and childbearing households."

The full text of the amendment can be found on the Ministry of Land, Infrastructure and Transport website, and opinions can be submitted by mail, fax, or through the Ministry's website.

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