The jeonse market, which seemed to stabilize in the first half of the year, is now facing concerns that the jeonse shortage may worsen after June, leading to analyses describing the situation as a "calm before the storm." Despite strengthened tax policies, rather than multi-homeowners putting their properties on the market, there has been an increase in gifts, and due to the introduction of the Lease Protection Act and other factors, available properties are becoming scarce.
As a result, the ongoing jeonse shortage and the burden of apartment prices are causing even those seeking actual residences to suffer from anxiety. Recently, private rental housing has emerged as a new solution for housing.
The reason why applicants are enthusiastic about private rental apartments is that they offer long-term residence at reasonable rents and the benefit of possible resale. In particular, since rental housing is not owned property, it is advantageous in that it is not subject to eligibility restrictions such as subscription savings accounts or homeownership status.
Accordingly, since last year, the competition rate for private rental apartments nationwide has recorded very high figures. In the May-June sales market, projects such as "Anjung Station GNH Stay" near Anjung Station, which recorded a high competition rate in the first subscription and is preparing for a second opening, "Osong 2nd Daekwang Roseviang Grand Centum," and "Samho Goun Rafine The First," an 8-year all-jeonse type rental apartment in Yeongam, Jeollanam-do, are about to be supplied.
"Anjung Station GNH Stay" is a complex enjoying the premium of the Anjung Station area, which opened in 2022. It consists of 10 buildings ranging from 2 basement floors to 12 and 25 floors above ground, with a total of 834 units of exclusive areas of 59 and 84㎡. "Osong 2nd Daekwang Roseviang Grand Centum," located in Cheongju, Chungbuk, supplies 1,615 units of the highly preferred single 84㎡ medium-sized apartments, and together with "KTX Osong Station Daekwang Roseviang," it is expected to form a premium brand town of 3,131 units.
Additionally, "Samho Goun Rafine The First," located in Yeongam-gun, Jeollanam-do, is an 8-year all-jeonse type luxury rental apartment offering highly preferred south-facing units with all types featuring 4Bay layouts of 84㎡ and 74㎡.
Yeongam-gun is considered a region with high housing demand due to the presence of Hyundai Samho Heavy Industries, Samho General Industrial Complex, and Daebul National Industrial Complex. However, there has been a shortage of medium to large-sized units and a lack of apartment supply mainly consisting of older buildings. "Samho Goun Rafine The First," as a newly built apartment in this context, is attracting the attention of many demanders.
As an 8-year all-jeonse type rental apartment, it offers stable residence at prices lower than market value, with benefits such as no acquisition tax, exclusion from the housing count, and unlimited resale. Furthermore, since the subscription target includes residents nationwide, competition is expected to be even fiercer.
The excellent transportation network is also noteworthy. With the expansion of routes such as Sinhang-ro, Mokpo Bridge, and Samho Bridge, accessibility to Mokpo is high, and using KTX Mokpo Station or the Seohaean Expressway makes travel to outlying and suburban areas convenient.
Nearby the complex are Samho Seo Elementary School, Samho Seo Middle School, and various academies, enabling safe education within walking distance. In addition, banks, clinics, swimming pools, saunas, gyms, marts, and restaurants are located nearby, allowing residents to enjoy diverse infrastructure.
An industry insider stated, "Private rental apartments are gaining popularity to the extent that they are called 'lottery subscriptions,' guaranteeing success and drawing attention to new supply locations. In particular, 'Samho Goun Rafine The First,' scheduled to open on May 28, is expected to receive a hot response as it is in an area with high interest in newly built medium to large-sized apartments."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
