LH Chartered Housing Subscription for 15,000 Households 20% Cheaper than Market Price

Yongsan-gu apartment complex as viewed from the 63 building in Yeouido, Seoul on the 13th. News 1

Korea Land and Housing Corporation (LH) begins accepting subscriptions for private rental housing. For chartered public rental, up to 80% of the rent, which is 80% of the market rent, can be paid as a deposit.

According to LH on the 17th, subscriptions for 14,843 households of private public rental housing will be accepted from the 18th to the 20th. Construction rental chartered houses consist of 3,949 households in the metropolitan area and 8,388 households in the local area. Purchased lease rental housing is 1,058 households in the metropolitan area and 1,448 households in the local area.

Any member of the homeless household can apply for subscription. Income and asset qualifications were eliminated by significantly easing the qualifications for occupancy in existing construction and purchase rental housing. It is less than 70~80% of the jeonse in the market, and 80% of the basic rent is paid as a deposit and the rest as monthly rent.

If it is difficult to raise the rent, a deposit conversion system can be used to lower the deposit and increase the rent. If the deposit is reduced by 10 million won, the monthly rent will increase by 2833 won (10 million won x 2.5%/12 months). If you maintain the homeless status, you can live for 4 years, and if there are no tenants in the house after that, you can live for an additional 2 years.

Subscriptions can be accepted from the 18th to the 20th through the LH Subscription Center website. LH also conducts on-site registration for vulnerable Internet groups such as the elderly.

The winners will be announced on March 5. The contract period is scheduled for March 17-19, and you can move in immediately if you pay the balance within the designated period after signing the contract. In the case of the first-ranked rental housing for purchase (living and medical recipients), the winners will be announced on the 18th of next month and the contract will be signed after the 26th of next month.

An LH official said, “With the rapid supply of rental housing units that are available for immediate occupancy, we will do our best to resolve housing insecurity among the common people and the middle class, who are suffering from the recent cheonsei crisis, and to secure continuous jeonse-type supplies.”

Gangjin-gu reporter

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