LH to Supply 1,253 Jeonse Units in Seoul Metropolitan Area at Less Than 90% of Market Price

Korea Land & Housing Corporation (LH) announced on the 12th that it will supply 1,253 Durun Jeonse Housing units in the Seoul metropolitan area this month.

Durun Jeonse Housing is targeted at middle-class households without a home and is supplied as jeonse units at less than 90% of the market price. The supply includes 103 units in Seoul, 72 units in Incheon, and 1,078 units in Gyeonggi Province. In Seoul, applications will open on the 22nd, while in Incheon, they will open on the 28th. For both southern and northern Gyeonggi Province, applications will open on the 21st.

Any member of a household without a home can apply, regardless of income or assets, and they can reside for up to eight years. Last year, the competition rate for Durun Jeonse Housing in Seoul averaged 315 to 1, and in Gyeonggi Province, it was 17 to 1, indicating strong demand.

Additional points are awarded if the applicant's household includes newborns or children. Households with a newborn receive 2 points, and for each child, 1 point is awarded, up to a maximum of 3 points. Households of engaged couples who are about to get married are also eligible for additional points.

Durundun Jeonse Housing in Woncheon-dong, Yeongtong-gu, Suwon-si, Gyeonggi Province. Provided by LH

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