The Seoul Metropolitan Government announced on the 27th that it will begin recruiting participants for the fifth round of public rental housing "Mirinae House" (Long-term Jeonse Housing II) for newlyweds.
A total of 485 households will be recruited. The announcement for recruitment will be made on the 28th, and applications will be accepted over two days, from the 11th to the 12th of next month.
This supply includes six new complexes in convenient living and transportation areas such as Magok-dong (Gangseo) and Sincheon-dong (Songpa), offering dwellings with varied locations and sizes ranging from 43㎡ to 84㎡.
The largest number, 196 households, will be supplied in the Magok M Valley 17 complex (Magok-dong, Gangseo), which will offer dwellings with sizes of 59㎡ and 84㎡. Located between Songjeong Station and Magok Station on Line 5 and close to the airport railroad, it has convenient transportation and pleasant residential environments with attractions like the Seoul Botanic Garden and Wetland Ecological Park.
Near Mongchontoseong Station on Line 8, 175 households in Jamsil Raemian I-Park (Sincheon-dong, Songpa) will be supplied, with sizes of 43㎡ and 59㎡. The area is densely populated with apartment complexes, providing a convenient living infrastructure and access to Olympic Park and Jamsil Hangang Park.
In addition, 66 households will be supplied at Hillstate Jangseungbaegi Station (Sangdo-dong, Dongjak), 22 households at e-Pyeonhansesang Gangdong Prestige Won (Cheonho-dong, Gangdong), and 15 households at Cheongdam LEEL (Cheongdam-dong, Gangnam).
The jeonse deposits range from a minimum of 330 million won (44㎡ at Hillstate Jangseungbaegi Station, Dongjak) to a maximum of 770 million won (49㎡ at Cheongdam LEEL, Gangnam).
Eligibility for participation is limited to couples who have registered their marriage within seven years or prospective newlyweds who can prove their marital status before the move-in date. Both spouses must not own any dwellings within five years from the announcement date.
"Mirinae House" is a policy introduced by the Seoul government last year to stabilize housing for newlyweds and address low birth rates. If a newlywed couple moves in and has a child, their residence period can be extended up to 20 years, and they are supported to purchase the dwelling at 80% to 90% of the market price.
In August, the city plans to recruit more than 100 new non-apartment type Mirinae Houses (Mirinae House-linked rental housing). This type is designed to widen the options for newlywed couples who find it challenging to raise rental deposits for newly built apartments, linking it with purchase rental housing such as residential office-tels and urban-type housing.
Choi Jin-seok, Director of Housing at the Seoul Metropolitan Government, said, "We will do our best to facilitate the swift supply of Mirinae House through the elimination of regulations and public support to accelerate redevelopment and reconstruction."