The long-term jeonse housing II (Mirinae House) for newlyweds, which recently accepted applications for tenant recruitment, drew strong interest with an average competition rate nearing 70 to 1. A total of 400 households were recruited, but applications approached 28,000, and some popular complexes saw competition rates exceeding 100 to 1.
Among the newly supplied complexes, the most popular was "Eunpyeong Xi The Star" in Sinsa-dong, Eunpyeong District, while "Jamsil LEEL" in Sincheon-dong, Songpa District, and "Hanwha Forena Mia" in Mia-dong, Gangbuk District, also posted high competition rates.
According to the Seoul Housing and Urban Development Corporation (SH) on the 18th, the "6th Mirinae House," which accepted applications from the 10th to the 12th, received 27,874 applications for 400 households. The average competition rate was 69.7 to 1. Mirinae House is a long-term jeonse housing program that allows newlyweds to reside for up to 20 years to ensure housing stability, and the Seoul Metropolitan Government and SH have recruited tenants in six rounds from Aug. 2024 to the present.
Mirinae House enables stable housing with a deposit cheaper than market prices. It also provides the right to purchase the occupied home after 20 years (right of first refusal). Newlyweds or prospective newlyweds without a home whose monthly average household income is lower than the monthly average income of urban workers are eligible to apply.
In this 6th round, applications were taken for a total of 400 households, including 141 households in three newly supplied complexes and 259 households for reallocation to select standby tenants who will move in sequentially if contract cancellations occur.
Among the newly supplied complexes available for immediate move-in, the most popular was "Eunpyeong Xi The Star" in Sinsa-dong, Eunpyeong District, where tenants can move in with a jeonse deposit of 300 million won. It recruited 18 households with an exclusive area of 49㎡, drawing 2,185 applicants for a competition rate of 121.4 to 1. The apartment, scheduled for occupancy in May 2026, is part of a development by GS Engineering and Construction under the Xi brand in the area around 19-100 Sinsa-dong, Eunpyeong District.
Eunpyeong Xi The Star was built with a total of 312 households, spanning four basement levels to 25 floors above ground, including 262 urban lifestyle dwellings and 50 officetel units. Urban lifestyle dwellings are dwellings with relaxed construction and auxiliary facility standards to expand the supply of small units for one- to two-person households. The complex is within walking distance of Eungam Station (about 10 minutes) and Saejeol Station (about 15 minutes) on Seoul Subway Line 6, and the GTX-A line partially opened in 2024 at nearby Yeonsinnae Station.
Park Ji-min, head of WolYong Subscription Research Institute, said, "As dwellings designed to suit one- to two-person households, they appear to have been popular because they were offered at low prices as public rentals."
"Jamsil LEEL" in Sincheon-dong, Songpa District, was also a popular complex in this subscription round. Jamsil LEEL is a redevelopment of the Miseong and Clover apartments into a complex with three basement levels and 35 floors above ground, totaling 1,865 households, and is set for occupancy in Jan. next year. Move-in rights for the 84㎡ exclusive units have even changed hands for more than 4 billion won.
The complex recruited a total of 98 Mirinae House units across three types: 45㎡, 51㎡, and 59㎡ exclusive areas. Deposits by exclusive area are 620 million won for 45㎡, 703.5 million won for 51㎡, and 842 million won for 59㎡. General jeonse listings require much higher deposits. Currently, jeonse listings for 59㎡ are offered with deposits between 1.3 billion won and 1.6 billion won. In this round, the largest 59㎡ units received 4,310 applications for 36 units (a competition rate of 119.7 to 1).
In addition, "Hanwha Forena Mia" (53㎡ exclusive) in the area around 703-17 Mia-dong, Gangbuk District, which was developed with 497 households, drew 1,736 applications for 25 units, posting a competition rate of 69.4 to 1. An SH official said, "Most of the newly supplied complexes this time are close to subway stations, making transportation convenient, and as new builds with low rental deposits, they attracted high interest from newlyweds."
Meanwhile, starting with "Olympic Park Foreon" in Dunchon-dong, Gangdong District, in Aug. 2024, Mirinae House has supplied a total of 2,274 households (including reallocation) over six rounds to date.