[Asia Economy Reporter Onyu Lim] Seoul Housing and Communities Corporation (SH Corporation) collaborated with housing experts to explore solutions for youth housing issues, including the equity accumulation-type sale housing brand ‘Yeolliji Home.’
On the 16th, SH Corporation held the ‘2nd Cheongsinho Forum’ at Cheongsinho Myeongdong to discuss housing trends and desirable public housing models for young people and newlyweds. The Cheongsinho Forum is a think tank launched in July to explore the current status, policies, and future development directions of housing for youth and newlyweds.
At the forum, Lee Young-min, Senior Researcher at SH Urban Research Institute, gave a presentation on the SH Yeolliji Home, an equity accumulation-type sale housing brand that has recently become a major issue in the real estate market. Yeolliji Home is an equity accumulation-type sale housing brand for actual homebuyers without housing, including those in their 30s and 40s. It allows buyers with limited financial capacity to purchase a home by paying only 20-40% of the sale price initially and then gradually acquiring additional equity over 20-30 years.
The second presenter was Nam Won-seok, Director of Research Planning at Seoul Institute, who revealed research results on ‘Housing Characteristics of Youth and Newlyweds Living in Seoul.’
Kim Se-yong, President of SH Corporation, said, “I hope newlyweds and people in their 30s and 40s, who have yet to build assets, can realize their dream of owning a home at an affordable price through Yeolliji Home.” He added, “We will continue to discover various public housing models and do our best to successfully implement housing stability.”
The content of the 2nd Cheongsinho Forum will also be made available online through SH Corporation’s YouTube channel, ‘Cheongsinho TV.’
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