- Rent at 85~95% of surrounding market prices, with a maximum residence period of 8 years
- Minimizing housing cost burden through interest and loan support benefits
As the government's real estate regulations coincide with the Bank of Korea's base interest rate hikes, newlyweds and young people are increasingly concerned about buying their own homes. In this context, youth housing near subway stations, which offers stable long-term residence at reasonable costs, is attracting attention.
According to data from the Korea Real Estate Board's subscription website, the scoring (maximum 84 points) for complexes that held subscriptions this year (January to July) was △highest 79 points △lowest 63 points △average 67 points. As a result, it is realistically difficult for the relatively low-scoring 20s and 30s age group to purchase their own homes.
Moreover, housing prices have risen significantly, further increasing housing instability. According to Real Estate 114 data, over the past two years (August 2020 to July 2022), the nationwide apartment sale price per 3.3㎡ increased by 29% (17.34 million KRW → 22.38 million KRW), and the average monthly rent rose by 26% (9.92 million KRW → 12.47 million KRW). Monthly rent has also increased. According to data from the Korea Real Estate Board, monthly rent has risen by a total of 15% since the implementation of the Lease Protection Act in July 2020 (647,000 KRW), increasing the burden of housing costs.
Consequently, youth housing near subway stations targeting newlyweds and young people is drawing significant interest from the 20s and 30s age group. In fact, according to SH Corporation, the first subscription for youth housing near subway stations this year recorded a ratio of 91.6 to 1.
An expert stated, "Young generations struggling to buy their own homes are turning their attention to youth housing near subway stations," adding, "Youth housing near subway stations boasts excellent locations and is constructed by private developers, making the product highly competitive and resulting in high residential satisfaction."
Meanwhile, the 'Hoban Verdiium Stay One' youth housing near Bulgwang Station is accepting subscription applications until the 24th, attracting much interest from newlyweds and prospective newlyweds as well as young people.
'Hoban Verdiium Stay One' is a complex with 6 basement floors to 28 above-ground floors, consisting of 977 households with exclusive areas ranging from 17 to 48㎡, of which 630 units are supplied by the private sector. By housing type, youth units include △17㎡ 16 units △20㎡ 18 units △21㎡ 272 units △24㎡ 36 units, and newlywed units include △36㎡ 95 units △36㎡A 49 units △38㎡ 71 units △48㎡ 73 units. The winners will be announced on Wednesday, September 7, and the official contract period will be held for five days from Wednesday, September 14 to Sunday, September 18.
'Hoban Verdiium Stay One' is a double subway station complex within walking distance of Bulgwang Station on lines 3 and 6. It offers about a 15-minute commute to Jongno and Gwanghwamun, which are central business districts with many office workers, about 14 minutes to Sangam DMC, and about 20 minutes to Hapjeong and Hongdae, the largest commercial areas attracting young people (based on subway travel times from Naver Maps). Additionally, the GTX-A line at nearby Yeonsinnae Station is scheduled to partially open in 2024, promising benefits from the GTX-A line.
Furthermore, the complex includes a daycare center and is within walking distance of Daeun Elementary School, providing a favorable educational environment for newlyweds with young children. In addition, lifestyle convenience facilities such as NC Department Store, Lotte Mall, and Yeonsinnae Rodeo Street, as well as cultural facilities like CGV and Bukhansan Ecological Park, are nearby, making the residential environment excellent.
The design boasts high-quality finishing materials, the latest floor plans, various community facilities, and resident services, ensuring excellent product quality. All unit types feature balcony extensions for spacious living areas, and built-in appliances such as ceiling-type air conditioners, refrigerators, washing machines, and induction cooktops are provided as standard, reducing initial moving-in costs. Especially for newlywed units, depending on the household, features such as alpha rooms, dressing rooms, utility rooms, and two-room layouts are introduced to enhance space utilization.
As a large-scale complex, it offers advantages in management fees and includes a 100-room commercial area from basement level 1 to ground level 2, daycare centers, fitness centers, seasonal storage, shared kitchens, smart laundry rooms, book cafes (small libraries), study rooms, meeting rooms, and various community facilities to improve residents' convenience. Public contribution facilities such as a five-lane swimming pool, a literature hall, and a shared car service are planned, which are expected to enhance residential satisfaction and regional identity.
Reasonable rent is also noteworthy. Benefits include housing cost support for youth housing near subway stations, Seoul City rental deposit support programs, rental deposit loans for young workers in small and medium enterprises, and the Buttress Jeonse Fund Loan, providing interest and loan support. In particular, Seoul City's interest-free housing cost support can be combined with the small and medium enterprise youth rental deposit loan or the Buttress Jeonse Fund Loan, allowing residents to live with monthly rents in the 200,000 to 300,000 KRW range with a deposit equivalent to the contract amount when applying for multiple programs.
'Hoban Verdiium Stay One' operates a housing experience center, and detailed information can be found through the main contact number and website.
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