Gyeongbuk Development Corporation Recruiting Tenants for 93 Purchase-Rental Housing Units... Rent Set at 30-50% of Market Price

Gyeongbuk Development Corporation (President Lee Jaehyuk) announced on September 3 that it has begun the second round of applications for general purchase-rental housing for vulnerable groups. The available housing units are located in four regions: Gumi, Gyeongsan, Gyeongju, and Chilgok, with 43 units in Gumi, 21 in Gyeongsan, 6 in Gyeongju, and 23 in Chilgok, totaling 93 units.

The housing types offered in this second round of general purchase-rental housing include apartments and officetels, with most being newly built to improve residential conditions. In Gyeongsan, Gyeongju, and Chilgok, newly constructed houses and apartments are available, while in Gumi, officetels in urban areas are being supplied. Another notable feature is that the rental fees are set at 30% to 50% of the surrounding market price to ease the housing cost burden for vulnerable groups. As for eligibility, any member of a household without a home can apply regardless of their place of residence, and if income and asset requirements are met, they may reside for up to 20 years.

Gyeongbuk Development Corporation

The application period runs from 10:00 a.m. on the 17th to 4:00 p.m. on the 25th. During this period, on-site applications will be accepted in each region, or applicants can apply collectively through the corporation.

Applicants will have up to 18 days until the application deadline to visit and inspect the actual housing units, allowing them to check the units in person before applying. According to the corporation, instead of applying for a single unit per household, applicants can submit a list of preferred units, ensuring both their right to choose and their chances of being selected. The period for housing inspections and submission of housing preference lists is from the 9th to the 25th.

Lee Jaehyuk, President of Gyeongbuk Development Corporation, stated, "We strive to supply around 200 newly built purchase-rental housing units each year at affordable rents to vulnerable groups in North Gyeongsang Province, such as young people, newlyweds, and households with newborns. We will continue to make every effort to provide high-quality housing at reasonable prices to enhance the residential welfare of local residents."

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