Hurry to Secure a Unit at Public-Supported Private Rental 'Buksuwon City Pradium The Bliss' Within 2 Months

- Priority Supply for Non-Homeowners Until November
- First-Come, First-Served Contracts Require Swift Action
- Safe Rental Asset Secured with HUG Guarantee

As recently reported by the media, the supply of jeonse (long-term lease) properties has been continuously decreasing, causing anxiety in the Seoul metropolitan area’s jeonse market to reach an all-time high. Especially since the number of new units available for occupancy next year is expected to be extremely limited, there are predictions that jeonse prices will rise sharply next year according to the basic principles of supply and demand. As a result, more end-users are actively searching for and trying to secure jeonse properties in desirable locations ahead of time.

Amidst these circumstances, the public-supported private rental apartment complex "Buksuwon City Pradium The Bliss" has become a focal point of recent attention. In the most recent subscription round, special allocations for newlyweds and young adults have already closed, and several other unit types are also nearing full allocation.

For those without a home, the next two months-until the first-come, first-served contracts are closed-represent what is essentially the last opportunity, drawing significant interest from prospective tenants. In particular, an additional recruitment announcement is scheduled for September 10, which is expected to further accelerate activity among genuine end-users.

The reason "Buksuwon City Pradium The Bliss" is attracting attention is not solely due to the supply shortage. First, rental rates are set at 70-95% of the surrounding market price, significantly reducing the economic burden. In addition, the complex is completely unrelated to the recent social issue of jeonse fraud. The complex is covered by the Housing and Urban Guarantee Corporation (HUG)'s rental deposit guarantee, ensuring that tenants’ deposits are safely protected. Furthermore, 75% of the guarantee insurance premium is covered by the developer, City Construction, alleviating the financial burden for end-users. Thanks to this structure, the complex is regarded as a “safe asset,” expanding the options available to genuine end-users without a home.

Contract eligibility is also prioritized for those without a home. Currently, only households in which all family members are without a home can sign a contract, but starting from November, eligibility will be expanded so that anyone can apply. Therefore, for those without a home or those planning to move soon, now is considered the most advantageous time to secure a contract.

The location of the complex is also noteworthy. "Buksuwon City Pradium The Bliss" is located in Cheoncheon-dong, Jangan-gu, Suwon, within the Imok District, which is emerging as a new residential town in northern Suwon. The Imok District, which is being developed as a mini new town with approximately 4,700 households, is considered a prime location with expanding transportation, educational, and lifestyle infrastructure. Construction has currently reached up to the 28th floor, and the high-rise exterior can be seen firsthand at the site.

A real estate industry official stated, “As anxiety grows in the jeonse market, public-supported private rental apartments with HUG guarantees can be the safest option for end-users. In particular, those without a home should secure a contract opportunity within the next two months.”

The model home for "Buksuwon City Pradium The Bliss" is located near Suwon Station.

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