Jinan to Supply Public Rental Housing to Attract Young People and Newlyweds

Expansion from 100 to 120 Units
Agreement Signed with Jeonbuk Development Corporation

Jinan County is set to supply 120 units of public rental housing for young people and newlyweds. On October 6, Jinan County signed a basic agreement with Jeonbuk Development Corporation at the county office situation room to promote the 'Jeonbuk-style Banhal House' construction project.

Jinan County signed a basic agreement with Jeonbuk Development Corporation on the 6th at the county office situation room to facilitate the smooth progress of the "Jeonbuk-style Banhal Housing" construction project. Provided by Jinan County Office

This project involves building public rental housing on a 10,895-square-meter site located at 909-6 Gunsang-ri, Jinan-eup. The initiative will be carried out from 2026 to 2031 and will follow a structure in which residents lease for 10 years before the units are converted to ownership.

Initially, after being selected in the Jeonbuk-style Banhal House public offering in April, Jinan County planned to supply 100 units, each with an exclusive area of 59 square meters.

However, following discussions with Jeonbuk Development Corporation on how to proceed with the project, the supply was increased to 120 units (▲60 units of 59 square meters each ▲60 units of 84 square meters each).

The available multi-family housing in Jinan County is insufficient to meet the diverse residential needs of young people seeking independence, newlyweds settling down, households with children, and households returning from urban to rural areas. Moreover, a significant portion of the existing options are aged buildings over 20 years old.

The decision to additionally secure 60 units of 84 square meters in this project is interpreted as a reflection of these local housing conditions.

Jinan County will be responsible for matters such as amending the urban management plan, securing the project site and required permits, and supporting infrastructure like roads, water and sewage systems, and city gas. Jeonbuk Development Corporation will manage tasks including housing design, obtaining permits, construction management, the supply process, and operation and maintenance of the houses for 10 years after move-in. If needed, the two organizations plan to form a working-level council to coordinate issues arising during the project.

Jinan County plans to begin formulating the master plan for the access road in November, secure the project site by January 2027, and complete related administrative procedures such as urban management plan amendments by September of the same year. Afterward, design and groundbreaking are scheduled to start in January 2028, with a goal to complete construction by December 2031.

Jinan County Governor Jeon Choonseong stated, "We will promote the project to expand a stable housing base for various groups, including young people and newlyweds, to ease the regional housing shortage and help address population decline and revitalize the community."

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