Long-Term Jeonse Housing 2 'Olympic Park Foreon', Full Points Required for Document Screening

434 Applicants for Document Screening
Must Have Lived Continuously in Seoul for Over 10 Years,
and Made at Least 120 Payments to the Housing Subscription Savings Account

In the first recruitment for 'Long-term Jeonse Housing 2 (Newlywed 20-year Jeonse Owner-Occupied Housing)' announced by the Seoul Metropolitan Government as a measure against low birth rates, it was revealed that applicants must have a perfect score (10 points) to be eligible for document screening.

According to the Seoul Housing and Communities Corporation (SH Corporation) on the 13th, the first recruitment for Long-term Jeonse Housing 2 targeted 300 households at ‘Olympic Park Foreon’ in Dunchon-dong, Gangdong-gu, Seoul, with a total of 434 applicants qualifying for document screening. A total of 17,929 people applied for this first recruitment, recording an average competition rate of 59.8 to 1.

The score required to qualify for document screening was 10 points for both exclusive areas of 49㎡ and 59㎡. A score of 10 points can only be obtained by simultaneously meeting the conditions of continuous residence in Seoul for more than 10 years (since age 19, combined for couples) and more than 120 payments to the Housing Subscription Savings (combined for couples). Among applicants who received 10 points, document screening candidates are selected through a lottery.

The deposit for Long-term Jeonse Housing 2 Olympic Park Foreon is 352 million KRW for 49㎡ and 423.75 million KRW for 59㎡. After receiving and reviewing documents from the document screening candidates, winners will be announced on October 7 through a random lottery for building and unit numbers.

Meanwhile, Long-term Jeonse Housing 2 is a public rental housing program by the Seoul Metropolitan Government that supports housing stability for newlywed couples planning to have children and provides benefits such as extended residence periods for households that give birth after moving in. The maximum residence period is 10 years, which can be extended up to 20 years if childbirth occurs after moving in.

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