Incheon to Supply 300 Additional “Cheonwon Housing” Units... Applications Open May 11-15

On April 20, the Incheon city government announced that it will supply an additional 300 units of “Cheonwon Housing” (purchased rental housing) for married couples and households with newborns, with a daily rent of 1,000 won per unit.

Eligible applicants include newlywed couples who have been married for less than seven years, engaged couples, and households with newborns, provided that they are members of households without home ownership.

The income requirement is set at or below 130% of the previous year’s average monthly income of urban workers per household (or 200% or less for dual-income households). For asset requirements, applicants must meet the asset criteria for public rental housing that can be converted to ownership after a six-year mandatory rental period.

Last month, prospective residents gathered at the 'Cheonwon Housing' reception desk set up in the central hall of Incheon City Hall. Photo by Incheon City

Of the 300 units being provided, 210 units will be allocated based on application ranking and a scoring system. The remaining 90 units will be assigned to newlywed and engaged couples without children through a random lottery to determine the order of selection.

Those wishing to apply for Cheonwon Housing can visit the central hall of Incheon City Hall from May 11 to May 15 to submit their applications.

An official from Incheon city stated, “Last year, there was strong demand from (prospective) newlywed couples without children, but applications in this group closed early in the first round, so actual demand was not fully reflected. This time, up to 30% of the available units will be separately allocated to newlywed and engaged couples without children.”

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