LH Offers 378 Public Rental Units in Gunpo-Daeamyami with 6-Year Purchase Option
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- South Korea's LH (Korea Land and Housing Corporation) is offering 378 public rental housing units in Gunpo-Daeamyami.
- The housing is a "6-year sale conversion public rental" type, allowing residents to rent for six years before deciding to purchase.
- The complex offers good accessibility to Seoul and a natural environment, with amenities and future transportation improvements planned.
The Korea Land and Housing Corporation (LH) has announced the recruitment of residents for 378 units in the Gunpo-Daeamyami A1 block, offering a "6-year sale conversion public rental" housing model. This unique system allows tenants to reside in the units for six years, during which they can assess the living conditions before committing to a purchase. This approach aims to reduce initial housing cost burdens for residents.
The available unit types are primarily 55ใก and 59ใก. For the 55A type, the rental deposit is approximately 85.6 million Korean won, with a monthly rent of about 647,000 won. The 59 type has an average rental deposit of 95.99 million won and a monthly rent around 702,000 won. The final sale price will be determined by averaging the appraised values at the time of move-in and at the time of sale conversion.
The Gunpo-Daeamyami A1 block is strategically located, offering convenient access to Seoul and a pleasant natural environment. Proximity to major highways like the Yeongdong Expressway and Suwon-Myeongnyang Expressway facilitates travel to Seoul's Gangnam district and other key areas in southern Gyeonggi Province. Future infrastructure developments, including the GTX-C line at nearby Geumjeong Station, are expected to further enhance connectivity.
Residents will benefit from the surrounding natural landscape, including Surisan Mountain and nearby reservoirs, as well as convenient access to large commercial facilities. The development also incorporates eco-friendly design, aiming for a Grade 3 Zero Energy Building (ZEB) certification through integrated renewable energy sources like solar and geothermal power, which could lead to reduced utility costs for residents. On-site facilities will include a daycare center, library, fitness center, and senior center.
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.