As the city of Seoul begins to improve the quality of rental housing, the real estate industry has high expectations.  The photo is an apartment complex in the Gangbuk area of ​​Seoul (Maekyung DB).
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Is the rental housing paradigm changing? ‘High-quality rental housing’ over 60 square meters for exclusive use is pouring in

As the city of Seoul improves the quality of rental housing by increasing the supply of medium-sized flat rental housing, attention is focused on the background. Seoul Mayor Oh Se-hoon recently visited the site of Hagye 5 Complex in Nowon-gu, Seoul and came up with ‘three innovative plans for realizing Seoul-style high-quality rental housing’.

As the city of Seoul begins to improve the quality of rental housing, the real estate industry has high expectations. The photo is an apartment complex in the Gangbuk area of ​​Seoul (Maekyung DB).

▶Rent-sale furniture to be placed in the same building

The core of Seoul’s three major innovation measures for rental housing is ‘quality improvement’ for a pleasant and safe residential space, ‘complete social mix’ that blocks discrimination and alienation at the source, and ‘phased reorganization of an aging complex’ that has been built for more than 30 years. The target of reorganization is 24 rental housing complexes and 33,083 households built 30 years ago. The first target site, the Summer Complex 5, is Korea’s first permanent rental housing complex, and it has been 33 years since it was built in 1989. The reorganization will start this year and the construction will be completed by 2030. The complex was in urgent need of reorganization because the building was old and lacked parking space and convenient facilities for the disabled. After the reorganization, the summer complex 5 is expected to increase significantly from the existing 640 households to 1510 households.

The amount of rental housing that the Seoul Metropolitan Government will supply over the next five years is a total of 120,000 households, including the Summer Complex 5. Of these, 36,000 households, or 30%, will be supplied with a size of 20 pyeong or more, suitable for a family of 3 to 4 people. Considering that the rental housing provided by the Seoul Metropolitan Government so far has mainly been less than 60 square meters for exclusive use, the scale is expanding. This is to break the perception that ‘rental housing = small housing’. In the redevelopment complex, it was decided to apply the latest interiors, such as island kitchens and system air conditioners, which are mainly used in new apartments. Residents’ community facilities such as gyms and pet parks, which were difficult to find in existing rental housing, will also be provided to increase the convenience of residents. A non-bearing wall movable structure that can reduce noise between floors is also applied.

For existing rental housing, the replacement cycle of facilities such as painting and sink will be shortened from 10 years to 6 years and from 15 years to 10 years, respectively. The window replacement cycle is also reduced from 30 years to 20 years. Insulation and ventilation facilities are also newly installed to improve the residential environment. 75,000 households within 15 to 30 years of construction will be remodeled after consultation with sale and rental units. The introduction of an open lottery system for both copper and lake attracts attention. In the public lottery, instead of placing public housing in the remaining households after priority allocation to sale units, all housing units in sale and public housing households participate and draw a lottery at the same time. This is a measure to eliminate the discriminatory factor that arises from distinguishing rental and sale households into different dongs. The Seoul Metropolitan Government said, “In the case of mixed rental and private complexes, there was discrimination by separating rental households into separate buildings. We will make sure that no discrimination occurs by composing a completely mixed type through an open lottery.”

Moving to another rental unit is also permitted. Until now, moving to a rental housing was permitted only for special reasons such as marriage, maintenance of a livelihood, or medical treatment. According to the Seoul Metropolitan Government, the annual movement rate of rental housing households was only 0.1%. Through this, Seoul’s plan is to open the era of ‘high-quality rental housing that everyone wants to live in’ beyond the housing problem for the low-income and vulnerable class.

The real estate industry generally responds positively to Seoul’s high-quality rental housing policy. This is because rental housing can be an opportunity to break the stereotype that ‘small housing is only for the low-income class’. Among domestic rental houses, the proportion of small flats of less than 40 square meters for exclusive use amounted to 58.1%. Considering that in Japan, the proportion of small flats under 40 square meters is 23.7%, and in the UK it is only 26.5%, which means that the proportion of small rental housing is high. An official from the real estate industry said, “As the national housing standard has risen, it is important to improve the quality of rental housing as much as it is for sale, not just increase the supply as in the past. It is expected that Seoul’s policy will serve as an opportunity to change the perception of rental housing.”

[글 김경민 기자 사진 매경DB]


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Reference-www.mk.co.kr

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