GH to Acquire 500 Newly Contracted Acquisition-Type Rental Housing Units in 28 Cities and Counties

Gyeonggi Housing and Urban Development Corporation (GH) will purchase 500 units of newly contracted acquisition-type rental housing.

On April 29, GH announced its plan to acquire a total of 500 units of housing that have not yet filed a construction commencement report, with the intention to supply 200 units for the general public and newlyweds, and 300 units for young people in the future.

GH plans to participate from the design stage to ensure excellent design and construction quality, verify the application of proposed design standards, and inspect and manage quality at each stage of construction.

Gyeonggi Housing and Urban Development Corporation

In particular, this time, to ensure regional balance, the purchase will be carried out in 28 cities and counties, excluding Suwon, Yeoju, and Osan, which have high inventories of GH acquisition-type rental housing.

The first round of applications will be accepted from May 19 to June 6, and the second round from June 30 to July 4. GH will comprehensively evaluate factors such as public transportation accessibility and housing plans for overall living convenience, and will select the final contracted acquisition-type rental housing through a purchase review in August.

Lee Jongseon, Acting President, stated, "Through a balanced acquisition-type rental housing project across regions, we will continue to supply high-quality rental housing even in areas of Gyeonggi Province where residential welfare is vulnerable, and we will keep working to alleviate the housing cost burden for low-income households, young people, and newlyweds."

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