Daejeon City to Purchase 150 Youth Rental Housing Units This Year

Application Documents Submission Deadline: April 22

Daejeon City announced that it will purchase 150 units of the 'Existing Housing Purchase Rental' youth type through Daejeon Urban Corporation to stabilize housing for the youth in the Daejeon area.

The city plans to purchase 150 units annually from 2023 to 2030, totaling 1,400 units, to support youth and others. Among the 154 units purchased last year, 626 applicants applied for 58 units announced in January, recording a high competition rate of 10.8 to 1 on average.

The 'Youth Purchase Rental Housing Project' is a housing welfare project supported by the government and the Housing and Urban Fund, which purchases housing and supplies it to low-income youth (aged 19 to 39) in the region at 40 to 50% or less of the market rent.

The target housing for purchase includes residential-commercial complex apartments, officetels, etc., with exclusive areas of 16 to 60㎡, located in station areas and convenient living areas preferred by the youth.

After comprehensively reviewing the location conditions and housing quality, purchase conditions are presented based on appraisal amounts, and sales contracts are concluded through mutual agreement with the sellers.

Sellers wishing to sell can refer to the announcement on the Daejeon Urban Corporation website and submit application documents by email and purchase application documents such as building registers by registered mail by April 22.

Choi Young-jun, Director of the Urban Housing Bureau of Daejeon City, said, "We will do our best to improve housing welfare by purchasing housing with convenient transportation and living conditions to alleviate the housing and living cost burdens of youth and provide a stable residential environment."

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