Enter 2020.12.30 10:30
Lee said, “The only thing that is close to work is a villa that takes more than an hour by public transportation and an apartment with a dedicated area of 22m2.”
The plan to utilize public rental housing vacancy, which the government proposed last month as a countermeasure for jeonse, is creaking from the first stage. According to the real estate industry on the 30th, LH recently announced that it is recruiting 14,299 households, including 12,337 construction rental housing units and 1962 rental housing units.
This is about a third of the amount the government announced in the first place. Of the 14,000 households, only 4555 households, which is a third, are in the metropolitan area. Even that, there are hardly any rental housing in Seoul or in the vicinity of Seoul, where the problem of apartment rentals has risen. Many of them are occupied by LH apartments and multi-family houses (villas) outside Gyeonggi-do.
However, it is pointed out that the actual amount of remaining quantity after the completion of the move-in procedure and the selection of tenants is not only significantly different from the government’s calculations, but also that there is a gap with the region or quality desired by jeonse consumers.
Looking at the 1962 units of purchased rental housing that LH buys and leases, the number of units in the metropolitan area such as Seoul, Incheon, and Gyeonggi is only 605 units. In addition, about 90% of the rental housing purchased in the metropolitan area is urban housing, villas, and officetels with a dedicated area of 40-50m2. In the case of the Seoul area, this is the quantity filled with 1~2 villas with a dedicated area of 20~40㎡.
Construction rental houses built by LH also have low housing preferences in terms of area and size of houses. Happy housing, national rental housing, and permanent rental housing that have been converted to jeonse type are located in the outskirts of the metropolitan area such as Paju, Siheung, Pocheon, Gunpo, Hwaseong, Pyeongtaek, Anseong, and Yangju.
The only private rental housing provided in Hanam City, close to Seoul, is an apartment with a dedicated area of 22m2. It is a one-room apartment with a dedicated area of 22-36m2 and supplies from the Goyang District and Goyang Samsong District, which are the commuting zones of the Seoul Central Business District (CBD).
Although it is said that the eligibility for occupancy has been relaxed, if the income per household exceeds 100% of the monthly average of urban workers in the previous year (about 4.38 million won for two people and 5.63 million won for three people), it is pushed to the fourth priority. Because of this, two-income families or three to four-person households in Seoul and major areas in the metropolitan area, which suffered from apartment charter difficulties, are often out of scope.
The Seoul Housing and Urban Corporation (SH) is also recruiting tenants of 5586 vacant rental housing units according to the income standard, and it is expected that the actual supply to the homeless people will be less, regardless of income.
Park Hap-soo, a senior real estate expert at KB Kookmin Bank, said, “The areas where many private rental housing units are supplied, such as Hwaseong, Gunpo, Icheon, Osan, and Paju, are different from those in the Seoul metropolitan area where the real users of the metropolitan area faced with a cheonsei crisis.” In a situation where the cheonsei crisis is spreading, it will be helpful to the next-tier income earners, but considering the commuting burden such as distance to work and the transportation network, it seems not enough to disperse the demand for jeonse in the metropolitan area.”