Politics · South Korea · 2 hrs ago

South Korea to offer 4,663 public rental homes in fourth quarter

South Korea to offer 4,663 public rental homes in fourth quarter

South Korea’s LH will seek tenants for 4,663 public rental homes across 16 complexes in the fourth quarter.

The homes are built by public housing providers and rented below market prices to groups including young people without homes, newlyweds and lower-income households.

The offer includes two types of housing: 3,173 homes in six Happy Housing complexes and 1,490 homes in 10 Integrated Public Rental Housing complexes.

A total of 3,554 homes are in the Seoul metropolitan area, including large developments in Gwacheon and Guri; the other 1,109 are in nine complexes elsewhere in the country.

Applications are being announced in stages, with 2,545 homes across five complexes scheduled for notices in October, followed by further supply in November and December.

Applicants can check schedules and rental terms on LH’s Cheongyak Plus website.

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