Ministry of Land Amends Housing Supply Rules

The relevant regulations will be revised so that even couples who have a child more than seven years after marriage can receive a special allocation for apartments.


The Ministry of Land, Infrastructure and Transport announced that, starting from June 15, it will implement amendments to the Rules on Housing Supply that establish detailed provisions such as the introduction of a special supply for newborns when applying for private housing. Previously, in private housing applications, some portions of the special allocations for newlyweds and first-time homebuyers were given priority to households with newborns. However, the special supply for newlyweds required couples to apply within seven years of marriage registration, so those who had children after this period were not eligible for the special allocation for childbirth households.


To address this, a separate 10% allocation for special supply to newborn households has been established. This allows households with newborns to benefit from special allocations regardless of whether seven years have passed since marriage. The existing five-stage process has been simplified to three stages. Eligibility extends to members of homeless households with children under the age of two, including unborn and adopted children, provided they also meet income or asset criteria. The income requirement is the same as for the first-time homebuyer special allocation: between 130% and 160% of the previous year’s average monthly income for urban wage-earning households. The supply will be divided into three stages: priority supply (50%), general supply (20%), and lottery supply (30%).


Apartment view from Lotte World Tower in Songpa-gu, Seoul. Photo by Yonhap News

Apartment view from Lotte World Tower in Songpa-gu, Seoul. Photo by Yonhap News

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The customized local supply system will also be improved so that local governments can quickly provide housing to employees of companies relocating to provincial areas and similar groups. Previously, local governments could provide a special allocation by agency recommendation (up to 10% of the total) as part of local policy initiatives, but the eligible recipients were limited and the standards for supply were set by official notice, making it difficult to flexibly respond to local circumstances. Going forward, local governments will be able to attract companies and encourage population inflow by expanding eligible recipients and streamlining procedures for special allocations according to local demand.


Jang Woo-cheol, Director General for Housing Policy at the Ministry of Land, Infrastructure and Transport, stated, "With this amendment to the enforcement rules, opportunities for home applications will be expanded for households with newborns, and new measures have been put in place to improve living conditions for companies relocating to provincial areas. We will redesign the incentive structure so that marriage and childbirth are rewarded in housing applications, and so that provincial areas receive preferential treatment."



Special Apartment Supply for Newborns Now Available Even Seven Years After Marriage View original image


This content was produced with the assistance of AI translation services.

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