Publicly Supported Private Rentals Gain Attention for Stable Long-Term Living Amid Jeonse Fraud Concerns
As concerns about housing instability rise due to recent jeonse fraud issues, interest in publicly supported private rental apartments that offer stable long-term residence is increasing.
Earlier this year, real estate information platform Zigbang conducted a survey among users of its application, revealing that the real estate policy of greatest interest this year was "Eradication of Jeonse Fraud and Support for Victims (29.1%)." Notably, among those without homes, 45.1% chose this item, nearly half of the group.
With jeonse fraud emerging as a serious social problem, the government is taking steps to support victims and prepare countermeasures, but anxiety among real estate end-users remains high. In response, the sales market is seeing “publicly supported private rental apartments” emerge as an alternative that offers relatively less worry.
A resident of Gyeonggi Province, Mr. A, who is planning to purchase a home, said, “As jeonse fraud victims have appeared around me, my anxiety about becoming a victim has grown. I am also tired of moving every two years, so I am mainly looking into publicly supported private rental apartments where I can live safely for a long time.”
Given this situation, Jeil Construction’s ‘Jeil Punggyeongchae Okjeong,’ scheduled for sale in September in Yangju City, Gyeonggi Province, is attracting attention. The complex is located in the Okjeong-dong area of Yangju City, Gyeonggi Province, and consists of a total of 1,304 households with exclusive areas ranging from 64 to 84 square meters.
‘Jeil Punggyeongchae Okjeong’ is a publicly supported private rental apartment that allows stable residence without moving worries for up to 10 years through contract renewals every two years. The rental deposit is guaranteed by the Housing and Urban Guarantee Corporation (HUG), providing high stability and alleviating concerns about jeonse fraud.
The initial rent, which is lower than the surrounding market prices, also draws attention. General supply applicants can apply for rents at 95% or less of market prices, while special supply applicants can apply at 85% or less. Even after moving in, increases in rental deposits and monthly rent are limited to within 5% annually, reducing economic burdens.
‘Jeil Punggyeongchae Okjeong’ is open for subscription to anyone nationwide aged 19 or older who is a member of a household without a home, even without a subscription savings account. Additionally, since it is not counted as a housing asset, there is no tax burden such as acquisition tax or property tax, which is an advantage.
The excellent location is also a point of pride. ‘Jeil Punggyeongchae Okjeong’ is situated in Yangju New Town, the largest development in the northeastern metropolitan area, promising access to high-quality infrastructure such as transportation, education, and convenience facilities.
It is located right in front of Okbit Elementary School (with an attached kindergarten), Okbit Middle School, and Okbit High School, and Yulbit Elementary School and Yeonpureun Elementary School are also within walking distance, attracting strong interest from parents. The administrative welfare center (planned) is nearby, and it is easy to use the academy district and movie theaters located in the central commercial facilities around the complex.
A park that connects directly to Okjeong Central Lake Park is located right next to the complex, and natural environments such as Cheonbosan Mountain, Seondol Neighborhood Park, and Dokbawi Park are adjacent, promising a pleasant residential environment. Furthermore, major transportation developments such as the extension of Line 7 to Okjeong Station (planned), GTX-C Line (planned), Line 1 Deokjeong Station, and the Metropolitan Area 2nd Ring Expressway (planned) are nearby, significantly improving access to Seoul.
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