Changwon No-Rent Public-Supported Private Rental 'Seongsan Samjeong Green Core Wellrest' Application Deadline February 14

- No subscription savings account required, up to 8 years of residence without monthly rent
- High-quality community facilities including fitness center and golf practice range

Since opening the model house on the 13th of last month, the public-supported private rental apartment Changwon ‘Seongsan Samjeong Green Core Wellrest’ has attracted great attention, with over 10,000 visitors. The subscription application period (online application: Korea Real Estate Board’s ‘Subscription Home’) will close after two days on February 14th (Tuesday). The winners will be announced on February 17th (Friday), followed by the official contract period from February 24th (Friday) to 26th (Sunday).

Built by Samjeong Enterprises Co., Ltd., a mid-sized construction company that has supplied over 35,000 units nationwide including Seoul, the metropolitan area, Busan, and Daegu over 38 years, ‘Seongsan Samjeong Green Core Wellrest’ is a public-supported private rental apartment allowing a maximum residence period of 8 years.

Among visitors, young adults and youth demanders form the majority. This is analyzed to be because young demanders, burdened by continuously rising prices of sale apartments with comparable quality, are turning to rental apartments as a new alternative for home ownership.

‘Seongsan Samjeong Green Core Wellrest’ forms a large complex of 1,009 units together with the first phase ‘Seongsan Samjeong Green Toa Forest’ launched last year, and is evaluated as a rental apartment with premium-grade facilities comparable to sale apartments. It boasts excellent product competitiveness in internal community, complex design and landscaping, and floor plans, and offers diverse and high-quality premium community facilities such as a fitness center, golf practice range, cafeteria, and a small library, allowing residents to enjoy leisure and relaxation comfortably.

Additionally, it features a 100% underground parking lot design with no cars on the ground, and creates a park-style complex harmonized with abundant greenery and resting areas in neighborhood parks located throughout the complex surroundings.

This complex is a private rental apartment of all types in jeonse (key money deposit) form, allowing move-in with only a deposit and no monthly rent. The price is also cheaper compared to nearby jeonse prices, and it is backed by a guarantee from the Housing and Urban Guarantee Corporation (HUG), providing financial security. Contracts can be freely renewed every two years, with a maximum residence period of 8 years.

‘Seongsan Samjeong Green Core Wellrest’ is located in Seongsan-gu, Changwon, a highly preferred residential area. It offers high residential satisfaction as it is close to convenient urban infrastructure while enjoying the green views of Jangboksan Mountain right in front of the complex and the benefits of a clean natural environment. Moreover, with Changwon National Industrial Complex nearby behind the complex, it is expected to be an ideal apartment for workers seeking proximity to their workplace.

The complex is an ‘elementary school nearby’ apartment with Anmin Elementary School located just behind it, and Anmin Middle School is also within walking distance, easing concerns about children’s commuting routes. Nearby neighborhood facilities such as Hanaro Mart, Gyeongsang National University Hospital, and Seongsan Library support convenient daily life.

‘Seongsan Samjeong Green Core Wellrest’ is being constructed in the Anmin-dong area of Seongsan-gu, Changwon City. Among the total 1,009 units in phases 1 and 2, subscription applications are being accepted for 608 units in phase 2. The complex consists of 7 buildings ranging from 2 basement floors to 25 floors above ground, with units composed of 236 units of 59㎡A, 116 units of 59㎡B, 71 units of 59㎡C, 86 units of 75㎡, and 99 units of 84㎡.

Unlike general sale apartments, subscription is possible without a subscription savings account. Special supply applicants can apply for all types, and those who meet the eligibility criteria by sector with a household monthly average income of 120% or less of the previous year’s urban worker household size can apply. Additionally, applicants who complete the subscription and visit the model house to verify their subscription will be eligible for events such as gift certificate giveaways on a first-come, first-served basis.