Gwanak-gu Youth Rental Housing 'Cheongchun Gaok' Move-in Completed

Published 02 Jun.2021 07:12(KST)

Promotion of Customized Housing Welfare Policies Considering Regional Characteristics with High Youth Ratio (40.6%)... Rental Conditions at 50% of Surrounding Market Prices, Contract Renewal Every 2 Years Up to 6 Years Maximum

Community room located on the first floor of Cheongchun Gaok

[Asia Economy Reporter Park Jong-il] Gwanak-gu (Mayor Park Jun-hee) announced that the move-in for Cheongchun Gaok Unit 18 in Nangok-dong (Beobwon Danji 10-gil 5), which has been underway since last May, has been completed.

Since the launch of the 7th local government, the district established a four-year administrative plan aiming to expand youth housing, promoting a demand-tailored rental housing supply project, and completed Cheongchun Gaok Unit 18 in Nangok-dong last September.

Since then, starting from December last year, the district recruited tenants, reviewed eligibility criteria such as asset and income standards, selected tenants, and began move-in from May 3rd.

Cheongchun Gaok is a demand-tailored youth rental housing, a public rental housing supplied through cooperation between Gwanak-gu and Seoul Housing & Communities Corporation (SH) to ensure housing stability and expand self-reliance for single-person youth households without homes.

The building has a site area of 330㎡, a total floor area of 659.5㎡, and five floors above ground. The first floor consists of a community room supporting tenants' leisure and communal activities and parking spaces. Floors 2 to 5 have studio or two-room units with a private area of 30㎡ each, equipped with appliances such as air conditioners, washing machines, refrigerators, and induction cooktops for tenants.

Youth single-person households aged 19 to 39 can move in, with average rental conditions of a deposit of 17.8 million KRW and a monthly rent of 230,000 KRW, about 50% of the surrounding market price. Tenants can renew their contracts every two years while maintaining eligibility based on income and assets, and live for up to six years.

In particular, after moving in, the community space will be used as a place for harmony and communication among residents, creating self-governing regulations to solve and manage daily life issues.

Mayor Park Jun-hee said, “To stabilize youth housing and improve housing standards, we will continuously supply various housing demands desired by young people,” adding, “As the city with the highest youth ratio (40.6%), we will do our best to create an environment where young people can realize their dreams and make Gwanak-gu a great place for youth to live.”