Hoban Construction said on the 2nd it will start taking applications on the 3rd for 141 privately rented units at WePark Jeju, which is under construction around 854-1, Ora 2-dong, Jeju.
WePark Jeju has a total of 1,401 households, and the privately rented units offered this time comprise 69 households in complex 1 and 72 households in complex 2. A defining feature is that it consists only of mid- to large-sized units—exclusive areas of 84㎡, 108㎡, 129㎡, and penthouses. Unlike typical social-mix complexes where rented dwellings are mostly allocated to smaller layouts, these private rentals will not only supply mid- to large-sized layouts but also apply the same finishes and specifications as the for-sale units.
In particular, balcony extensions are applied to all units, and five system air conditioners are installed so residents can enjoy a comfortable living environment from the start. Rather than separating rented units into separate buildings or placing them only on lower floors, they are arranged together with for-sale units from the first floor to the top floor of every building in the complex, allowing successful rental applications even for high-floor units.
These private rentals will be supplied as long-term general private rentals. There is no burden of acquisition or holding taxes, and stable residence is possible for the 10-year mandatory rental period. Through a guarantee by the Korea Housing & Urban Guarantee Corporation (HUG), the risk of rental deposit return has been blocked. Anyone age 19 or older residing in Korea can apply regardless of dwelling ownership or income level. No subscription savings account is used, and the applicant's status as a non-homeowner is maintained during the residency period, so it does not affect future applications to other complexes.
Applications will be accepted Apr. 3–5 at the WePark Jeju model home located around 1585-1, Ora 2-dong. A prize giveaway event for applicants is also planned.
WePark Jeju is located in a dual living-area zone connected to the east and west of Jeju. Yonbuk-ro and Onam-ro provide convenient access to major areas of Jeju. Nearby are Jeju Airport, the Jeju Provincial Office and the Jeju Government Complex, as well as E-MART and Lotte Mart, enabling easy use of diverse living infrastructure.
The complex applies a south-facing-oriented layout and a four-bay, through-ventilation flat plan design (varying by type) to provide excellent daylight and ventilation. With glass railings for all units and open balconies (some types), it offers a sense of openness and a pleasant living environment, and it enhances parking convenience by providing 1.83 parking spaces per unit.