Changwon Masan Samgye Jugong Apartment Complex 2 Recruitment for 50-Year Public Rental Housing... No Income or Asset Restrictions

Recruitment for reserve tenants of public rental housing in the Masan area of Changwon City, Gyeongsangnam-do, is beginning. The housing being supplied this time is 'Masan Samgye Jugong Apartment Complex 2 50-year public rental housing,' and depending on the move-in timing, long-term residency is possible for up to the year 2048. In particular, this announcement is characterized by having no restrictions on income, assets, or age upon application.

'50-Year Public Rental' with no income or asset criteria... What are the rent conditions?

According to a Rental Information TV video, the Masan Samgye Jugong Apartment Complex 2 being recruited this time is a two-room structure with an exclusive area of 49㎡ (supply area of 74㎡). 50-year public rental housing is housing built to replace permanent rental housing, and unlike permanent rental, there are no income restrictions, making the barrier to entry low. However, the rent is about three times higher than that of permanent rental housing.

Depending on the applicant's situation, the deposit and monthly rent can be adjusted. The basic rent is a 15 million won deposit and 260,000 won monthly rent. If one wishes to lower the monthly rent burden, the deposit can be increased to 47 million won to lower the monthly rent to 100,000 won. Conversely, if initial funds are insufficient, it is possible to live by lowering the deposit to 7.8 million won and increasing the monthly rent to 290,000 won.

This complex is an older complex that began its first move-ins in 1998, and this recruitment is for reserve tenants to fill existing vacancies rather than a new supply. Currently, there are 9 existing waiting tenants, and after they all move in, move-ins are expected to proceed in the order of 2nd priority winners.

Targeting homeless household members residing in Changwon, Gyeongsangnam-do, Ulsan, or Busan... Applications by priority starting from the 12th

The application eligibility is for homeless household members residing in Changwon City, which is the housing construction area, as well as Gyeongsangnam-do, Ulsan, and Busan. A homeless household member means that the entire household, including the applicant, spouse, and direct family members, are homeless. However, the applicant's siblings are not included in the household members.

The determination of priority varies according to the number of subscription account payments. Those with 6 or more monthly payments are classified as 1st priority, and those with fewer than 6 payments fall into 2nd priority. Since this announcement is for holders of subscription accounts, application is impossible if one does not have an account. If competition occurs, priority is given to residents of Changwon City, and thereafter it is decided by those who have been homeless for 3 years or more, and then by the order of the highest total savings amount.

Attention is required as the application schedule differs by priority. 1st priority candidates must apply online between 10:00 AM and 4:00 PM on October 12. If the recruitment number is not met in the 1st priority, additional recruitment for 2nd priority candidates will take place on October 13. 2nd priority candidates can check their eligibility for application through the LH Subscription Plus website after 5:00 PM on the 12th. The announcement of those eligible to submit documents is scheduled for October 16, and the announcement of final winners is scheduled for November 20.