Hoban Construction 'Hoban Summit Grand Park (Blocks 2 and 4)', Additional Tenant Recruitment

Amid a sluggish real estate market, 'publicly supported private rental' apartments, which have low entry barriers while allowing tenants to maintain their non-homeowner status, are gaining attention.

Publicly supported private rental apartments allow any non-homeowner to apply as a tenant regardless of whether they are the head of the household, with no restrictions on residence area or re-winning. Additionally, there are no burdens from real estate-related taxes such as acquisition tax, property tax, comprehensive real estate tax, or capital gains tax, and tenants can live for up to 10 years without worrying about moving. Another major advantage is that these apartments are not counted toward the number of owned homes. During the residence period, tenants can accumulate subscription points and challenge the subscription for general sale apartments.

A real estate official said, “As loan interest rates rise, demand for monthly rent instead of jeonse (long-term deposit lease) has increased, and monthly rent costs are also rising. In this situation, publicly supported private rental apartments, which have low price burdens and no worries about deposit non-return, are gaining popularity among demanders.”

[Hoban Summit Grand Park (Blocks 2, 4) Bird's-eye View, Provided by Hoban Construction]

Meanwhile, Hoban Construction’s publicly supported private rental apartment ‘Hoban Summit Grand Park (Blocks 2 and 4)’ in Yongsan District, Yuseong-gu, Daejeon Metropolitan City, is drawing attention as the deadline for additional tenant recruitment approaches.

The complex consists of 14 buildings ranging from 3 basement floors to 35 above-ground floors, with a total of 1,791 households. All units are composed of highly preferred exclusive areas of 59㎡ and 84㎡. The project achieved 100% sales completion during its initial recruitment in 2021.

This additional tenant recruitment applies to some canceled households due to reasons such as acquisition of housing (sale rights), job changes, or cancellations. The 59㎡ and 84㎡ F-type units are offered through special supply, while the two 84㎡ A and B types are offered through general supply. According to sales officials, most contracts have been completed, and only some low-floor units remain.

As these apartments are supplied as publicly supported private rentals, lease contracts are renewed every two years, and rent increases are limited to 5% or less, ensuring high residential stability. Tenants can also enjoy monthly rent tax credit benefits during year-end tax settlements.

In addition to the various advantages unique to publicly supported private rental apartments, Hoban Summit Grand Park (Blocks 2 and 4) boasts an excellent location in the Yongsan District. The complex will include an elementary school within its premises, and nearby schools such as Yongsan Elementary School, Donghwa Middle School, Gwanpyeong Middle School, Daeseong High School, and Daejeon Science High School provide an excellent educational environment. Furthermore, proximity to Bukdaejeon IC allows easy access to nearby highways, and travel within and outside the city is convenient via Yuseong-daero and Daedeok-daero. The complex is also close to central commercial areas like Hyundai Premium Outlet and Lotte Mart, as well as natural environments such as Gwanpyeongcheon Stream, a planned neighborhood park, and Donghwaul Waterside Park.

Scheduled for occupancy in May 2024, tenants can also expect the premium of a newly built property with excellent product quality. Hoban Summit Grand Park (Blocks 2 and 4) is designed primarily facing south with a 4-bay layout (except for some units) to ensure ventilation and views. A separate space for children’s school commute pick-up and drop-off is provided at the main entrance of the complex, and a home IoT platform is offered for residents’ convenient living (IoT appliances must be purchased separately, and additional fees apply for service use). Additionally, various community facilities such as a fitness center, GX room, indoor golf practice range, study room, and small library enhance residential convenience.

Meanwhile, Hoban Summit Grand Park (Blocks 2 and 4) is currently accepting additional tenant applications at the sales office.

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