New Opportunity for Homebuyers! 50,000 Purchase Conversion Rental Housing Units to Be Available Starting November
The government has announced a new public rental housing supply plan for those without homes. The government has announced a new public rental housing supply plan for those without homes. Starting in November, 50,000 units of ‘purchase conversion rental housing’ will be available at lower rental rates than market prices. Additionally, 16,000 units of HUG’s ‘Dundun Jeonse’ will be supplied by next year. This article introduces the main features and details of the new plan. Starting in November, the government will provide ‘purchase conversion rental housing’ at rental rates lower than market prices. This housing option will offer a significant opportunity for those without homes. The Housing and Urban Guarantee Corporation (HUG) will also supply 16,000 units of ‘Dundun Jeonse’ by next year, which are public rentals using houses bought from rental deposit return guarantee incidents. Features of Purchase Conversion Rental Housing Purchase conversion rental housing allows tenants to live i...