Recently, private rental apartments have been gaining attention in the real estate market. Amid the unstable jeonse and monthly rent market atmosphere, these apartments allow residents to live as if it were their own home for up to 10 years, with lower rent and tax burdens.
Especially with concerns that jeonse deposits will soar once jeonse units start to be released after August, private rental apartments are receiving even more focus. Since it has been two years since the implementation of the two lease laws (contract renewal request right and rent ceiling system), and renewal contracts are expiring, it is expected that future price increases will be reflected. In this case, as many units shift to monthly rent, industry experts believe that the perceived monthly rent burden on tenants is likely to increase.
Therefore, it is anticipated that many tenants will flock to private rental apartments that guarantee stable residence. Private rental apartments guarantee leases for up to 10 years, and rent increases are limited to within 5% annually as stipulated by law. Especially for the jeonse-type, monthly rent is not added, significantly reducing the burden on tenants, and since the Housing and Urban Guarantee Corporation (HUG) provides guarantees for the rent, these apartments are more stable than individual jeonse or rental agreements.
The low threshold for subscription also attracts tenants' attention. Anyone aged 19 or older can apply regardless of income level, home ownership, subscription savings account status, or winning history. While living in the new apartment, there is no tax burden such as acquisition tax, property tax, or comprehensive real estate tax until the conversion to sale. Additionally, since the tenant can maintain their non-homeowner status, they can continue to apply for new housing subscriptions, and if necessary due to moving or other reasons, resale of the pre-sale rights is also possible.
Moreover, since these apartments are constructed by private developers, they apply finishes and products comparable to general sale apartments, making them far superior in terms of product quality compared to public rental housing.
A real estate expert stated, “Until clear real estate measures are announced by the new government, it is expected that more people will use private rental apartments to secure stable residence while preparing to own their own home.” He added, “Especially in cases where resale or sublease of pre-sale rights is possible, even those without actual residence intentions can generate rental income or capital gains, attracting strong interest from investors.”
Meanwhile, in Jincheon, Chungbuk, the private rental apartment ‘Jincheon Hildesheim Lakeview’ is being supplied. After opening today and entering the full sales schedule, this complex offers various benefits of private rental apartments and allows immediate resale and sublease of lease rights upon contract, making it notable as a stable investment product. When the contract ends after 10 years, tenants can either receive priority for purchase or get a 100% refund of the deposit, making it a guaranteed asset that protects the principal, which also draws investors’ attention.
This complex is also highly valued for its rarity as the only apartment in the Sincheok Industrial Complex. It can monopolize the demand of about 2,500 industrial complex workers, and its proximity to Sansu Industrial Complex and Deoksan Agricultural and Industrial Complex makes it a workplace-near apartment with abundant demand.
Especially tailored specialized designs have been applied for these residents, with 2Bay-2Room and 2Bay-3Room layouts depending on the type, securing a wide open feel and excellent natural lighting. Additionally, two bathrooms are standard to accommodate two or more residents, and sliding doors can be optionally installed in the living room to enhance space utilization. Furthermore, community facilities such as a fitness center and table tennis room are provided, enabling various activities within the complex.
The location conditions are also excellent. Adjacent to Sincheok Reservoir, which is being transformed into an eco-friendly ecological lake park, residents can enjoy walks and relaxation, and some units offer views of the lake park. Also, Jincheon IC is about 5 minutes away, facilitating easy access to the Jungbu Expressway and Pyeongtaek-Jecheon Expressway. Nearby Hapmok-ri offers basic living conveniences such as restaurants, convenience stores, and cafes, and the infrastructure of Chungbuk Innovation City is accessible within about 8 minutes by car.
Meanwhile, Jincheon Hildesheim Lakeview is located in the Sincheok Industrial Complex, Jincheon-gun, Chungbuk, consisting of 5 buildings from 2 basement floors to 18 floors above ground, with a total of 679 units of 39㎡ and 51㎡ exclusive areas. By type, there are 502 units of 39㎡ and 177 units of 51㎡.
Jincheon Hildesheim Lakeview operates two showrooms in Seoul and Jincheon for nationwide customers.
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