SH to Recruit Tenants for 1,973 National Public Rental Housing Units... Applications Start on August 31

Tenant Recruitment Notice Posted at 16:00 on August 20

Applications Accepted via SH Online Subscription System from August 31

409 Vacant Units Available in Segok, Gangil, Magok Districts

Seoul Housing and Communities Corporation (SH) announced on August 20 that it is accepting applications for tenants for 1,973 units in the National Public Rental Housing program.

Seoul Housing and Communities Corporation (SH) Building. SH

This offering targets the remaining 409 vacant units and 1,564 waiting applicants across 23 districts, including Segok, Gangil, and Magok in Seoul, as well as 15 complexes such as Godeok Onbitchae and Wirye Forest Shine.

The average security deposit and monthly rent by unit size are as follows: ▲For units with an exclusive area of 39 square meters or less, the deposit is 32 million won and the rent is 250,000 won; ▲for units of 49 square meters or less, the deposit is 52 million won and the rent is 340,000 won; ▲for units of 59 square meters or less, the deposit is 60 million won and the rent is 380,000 won.

For general applications, as of August 20, eligible applicants are members of households without home ownership who reside in Seoul (separate residence conditions apply to the Sanggye Jangam District). In addition, they must meet all the following criteria: the household's average monthly income must not exceed 70% of the urban labor average, total household assets must be less than 345 million won, and the value of the household's vehicle must not exceed 45.42 million won.

For households with children born (including fetuses and adopted children) on or after March 28, 2023, the income and asset eligibility requirements are increased by 10 to 20 percentage points.

For housing units under 50 square meters, in case of oversubscription, applicants with an average monthly household income of 50% or less of the standard will be prioritized, with first priority given to those who reside in the relevant district or neighboring districts. For units of 50 square meters or larger, priority will be determined based on the number of payments made into the Comprehensive Housing Subscription Savings account, with the highest priority given to those who have made 24 or more deposits.

Online applications for high-priority applicants will be accepted from August 31 to September 3. Applicants who have difficulty accessing the internet, such as persons with disabilities or the elderly, may apply in person at the SH headquarters’ 2nd floor auditorium from September 1 to 3. Applications for lower-priority applicants will be accepted online only on September 16, but if the number of high-priority applicants exceeds 200% of available units, the lower-priority application process will not be conducted.

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