Busan Urban Corporation Recruiting 100 Prospective Tenants for Redevelopment Rental Housing

Applications Accepted from August 20 to 22
High Urban Accessibility Draws Attention

Busan Urban Corporation (BMC), led by President Shin Changho, will accept applications for 100 prospective tenants of redevelopment rental housing units over a three-day period starting August 20. The eligible complexes include seven sites: Jangjeon 1-2, Dangni 1, Seodaesin 3, Jungdong 3, Minrak 1, Udong 1, and Daeyeon 1.

Redevelopment rental housing is a system in which Busan City purchases housing units built through redevelopment projects and entrusts their operation to the corporation, aiming to provide housing stability for low-income households. The contract period is two years, with a maximum residency of up to 30 years.

Eligibility is limited to households residing in Busan without home ownership that also meet specified income and asset criteria. Selection will be based on a comprehensive review of factors such as age, number of dependents, and the number of times the applicant has contributed to a housing subscription savings account.

Applications can be submitted through the BMC Subscription Center website, and elderly applicants and others may also apply by registered mail. Details regarding supply area, procedures, and rental conditions are available in the announcement on the corporation’s website.

President Shin Changho stated, "Redevelopment rental housing offers excellent urban accessibility, resulting in high levels of resident satisfaction," and added, "We will continue to strive for housing stability by expanding supply and strengthening customized housing welfare."

Busan Urban Corporation

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