All Units of Gapcheon Block 4 in Daejeon to Be Supplied to Young People and Newlywed Couples

Gyeryong Construction Consortium Decides to Prioritize Housing Stability for Young People and Newlywed Couples

Perspective View of Gapcheon Block 4 / Daejeon Urban Corporation

All 951 units of Gapcheon Block 4 in Doan, Daejeon will be supplied to young people and newlywed couples.

Daejeon Urban Corporation announced that the consortium led by Gyeryong Construction Industry Co., Ltd., the preferred negotiation partner for Gapcheon Block 4, has decided to prioritize the allocation of all units in Gapcheon Block 4 as housing for young people and newlywed couples, in an effort to overcome low birth rates and regional depopulation.

The Gyeryong Construction consortium had initially planned to supply 762 units, or 80% of the total 951 units, as youth housing. However, after discussions with Daejeon Urban Corporation, the working-level council, and internal review, the decision was made to prioritize all 951 units for young people and newlywed couples, with the goal of stabilizing housing for these groups in Daejeon.

Gapcheon Block 4 offers excellent residential conditions, including proximity to Gapcheon, a lakeside park, and Hosu Elementary School. It is expected to serve as a stepping stone for young people and newlywed couples to become homeowners by reducing their housing costs.

Construction is scheduled to begin in May 2025, with completion expected in October 2028. The announcement for tenant recruitment is planned for the second half of 2028.

Jung Kookyoung, President of Daejeon Urban Corporation, stated, "I would like to express my gratitude to the Gyeryong Construction Industry Co., Ltd. consortium for shifting the supply direction to support housing stability for young people and newlywed couples." He added, "We will continue to pursue projects through the REITs business that can both ensure the corporation's financial soundness and promote housing stability for young people and newlywed couples."

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