LH plans 20,528 purchased rental homes in Seoul for young adults and newlyweds

  • LH announced 20,528 purchased rental homes for Seoul over the next three years.
  • The plan includes 14,558 young-adult homes and 3,398 homes for newlyweds.
  • Seoul youth purchased rentals recorded a 130-to-one average application ratio last year.

Korea Land & Housing Corporation (LH) plans to supply 20,528 purchased rental homes in central Seoul over the next three years, including 14,558 homes for young adults and 3,398 for newlyweds. LH will encourage private builders to participate by providing early support for land acquisition and allowing purchase prices to be paid in installments. The program targets newly built homes in downtown areas and near subway stations, which LH buys and leases below market rates. First-priority young applicants pay about 40% of market rent and can stay for up to 10 years, while married tenants can remain for up to 20 years, with rent increases capped at 5%. Seoul youth demand remains high, with an average application ratio of 130 to one last year versus 50 to one nationwide. Participants also urged broader access for young adults, expanded housing for sale and a consistent public-sector role in creating a housing ladder.

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