- Rent increase capped at a maximum of 5% upon renewal... Greater long-term residency benefits for private rental housing
- Public support enables lower rental prices than nearby market rates... Attracting strong interest from newlyweds and young adults
A public-supported private rental housing project that allows for stable residence for up to 10 years is set to be supplied in Suwon, Gyeonggi Province.
The project is located in a land development district with systematically established living infrastructure. It offers high-quality residential spaces comparable to newly built branded apartments at prices lower than the market rate, attracting significant interest from genuine home seekers.
City Construction Co., Ltd. plans to launch the public-supported private rental housing project "Buksuwon City Pradium The Bliss" in the Imok District of Jangan-gu, Suwon, Gyeonggi Province this coming May.
The project consists of a total of 480 public-supported private rental units, all with a single floor plan of 84 square meters of exclusive area. It is highly regarded for its abundant living infrastructure, specialized educational environment, and convenient metropolitan transportation network.
In front of the complex, a large-scale premium academy district (planned) and a public library are scheduled to be established. Within walking distance, an "Edu Town" is formed, densely populated with educational institutions ranging from kindergartens (planned) to elementary, middle, and high schools. Additionally, various lifestyle amenities such as a street-type commercial facility (planned), a large supermarket, a cinema, an art hall, and Starfield Suwon are located nearby, enhancing residents' satisfaction with daily life.
The transportation environment is also excellent. The site offers outstanding access to the Seoul metropolitan area via Buksuwon IC, Pajang IC, Line 1 Sungkyunkwan University Station, and the planned Dongtan-Indeokwon Line. Residents can also utilize the Suwon Station integrated transportation network by walking or taking a bus. Nearby, the Seohocheon riverside promenade and a neighborhood park (planned) are being developed, allowing for a relaxing and healing lifestyle within the city.
"Buksuwon City Pradium The Bliss" stands out for applying high-quality designs comparable to general sales apartments, despite being a public-supported private rental project ambitiously prepared by City Construction. The complex features a south-facing layout, drop-off zone, curtain-wall look exterior, piloti garden, and cafe lounge, creating a premium community environment. Its unique facade design also draws attention.
All units offer a spacious 84-square-meter floor plan with unobstructed views, and penthouse units with duplex structures are provided on the top floor, adding product diversity. Planned community facilities include a fitness center, indoor golf practice range, GX room, book cafe, kids room, moms lounge, and study room, supporting a variety of resident lifestyles.
Anyone over the age of 19 can apply for public-supported private rental housing without a subscription savings account, and there are no restrictions on re-winning, making the entry barrier low. The units are supplied to non-homeowner households nationwide, and the rent is set at 70 to 95 percent of the market rate. Upon renewal, the rent increase rate is capped at a maximum of 5 percent, ensuring long-term residential stability.
The rental deposit is safely protected through Jeonse deposit insurance from the Korea Housing & Urban Guarantee Corporation (HUG), with 75 percent of the insurance premium covered by the construction company. In addition, there is no tax burden related to the housing, and the initial financial burden is reduced by applying a 10 percent down payment and interest-free conditions for the entire interim payment.
The model house for "Buksuwon City Pradium The Bliss" is located near Exit 2 of Suwon Station on Subway Line 1.
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