For young people, newlyweds and the elderly
The Ministry of Land, Infrastructure and Transport announced that this year it will purchase and supply 45,000 units of purchased rental housing for the stability of housing for low-income families such as young people, newlyweds, and the elderly.
This year’s target of 45,000 units is an increase of more than 60% compared to the 28,000 units of purchased rental housing in 2020, and is the largest supply target ever since the start of the rental housing business in 2004. Purchased rental housing is a housing that public housing businesses such as Korea Land and Housing Corporation purchase and renovate, renovate, or remodel existing houses, and then rent them at low prices to tenants. The advantage is that it is possible to quickly supply houses that can be accessed directly within the city center.
This year’s target of 45,000 units is planned to be secured through new construction purchase agreements, public remodeling, and existing housing purchase methods.
The contract to purchase new construction plans to supply 21,000 units, and the public housing contractor decides to purchase houses built by private businesses after completion. It has the advantage of supplying high-quality new homes by utilizing private expertise, and this year has increased by 75% compared to last year. In particular, in order to expand the supply of new medium-sized houses (60-85㎡) that can accommodate 3-4 people or more, incentives are provided to businesses who have supplied more than a certain amount of houses through a purchase agreement. Public remodeling plans to supply 8,000 units, and it is a method of constructing and supplying old houses or vacant non-houses (shopping centers, tourist hotels, etc.) after major repairs or demolition, and has the advantage of supplying new houses and improving the urban environment. Tourist hotels that exceed the housing area ratio could not be repurposed due to the difference between housing and floor area ratios, but from the second quarter of this year, amendments to the laws are underway so that they can be supplied as public remodeled houses. The purchase of existing houses is planned to supply 16,000 units, and a public housing business entity purchases a house that has obtained completion permission from the licensing authority and supplies it to the low-income class after renovation and repair, such as paperwork and floor coverings. have. / Reporter Kim Jin-ho
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