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Gyeongju City to Begin Construction of Two 'Senior Public Apartments' This Year... 240 Permanent Rental Units

A Total of 37 Billion Won Invested in Angang-eup and Hwangseong-dong Areas... Selected for Ministry of Land, Infrastructure and Transport Public Project

Gyeongju City to Begin Construction of Two 'Senior Public Apartments' This Year... 240 Permanent Rental Units From the left in the photo, Angang-eup Elderly Welfare Housing, Hwangseong-dong Elderly Welfare Housing bird's-eye view.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Gyeongju City will sequentially begin construction this year of senior welfare housing for elderly people in vulnerable housing situations in two locations: Angang-eup and Hwangseong-dong.


According to Gyeongju City on the 21st, follow-up measures will be implemented this year following the selection of Angang-eup in April 2019 and Hwangseong-dong in May last year in the Ministry of Land, Infrastructure and Transport's public contest project.


The senior welfare housing project is a public rental housing supply initiative that combines elderly-customized welfare housing and social welfare facilities, aimed at resolving housing blind spots for vulnerable elderly groups.


Recently, Gyeongju City is investing a total of 17.2 billion KRW to build 103 units of permanent rental apartments (exclusive area 26㎡) and social welfare facilities (962.4㎡) in the Sandae-ri 2020 area of Angang-eup. This site will include customized welfare service spaces such as a multipurpose auditorium, physical therapy room, and program room. Move-in is expected around the end of next year.


The 'Hwangseong-dong Senior Welfare Housing' will begin construction at the end of this year. With a total investment of 19.8 billion KRW, it will be built as 137 units of permanent rental apartments (exclusive area 36㎡) and social welfare facilities (1517㎡). The expected move-in date is the end of December 2023.


Both senior welfare housing sites prioritize move-in for elderly people aged 65 and over who are homeless and belong to vulnerable groups, with rental conditions set at 30% of the surrounding market price and a 50-year permanent lease.


In the Gyeongju area, the elderly population aged 65 and over is 57,713 (as of December last year), accounting for 22.61% of the total population, showing a super-aged society structure.


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