▲ The photo above is not related to the content of this article.
Starting tomorrow, households with children under the age of 2 will be able to apply for special housing supply for newborns when bidding on private apartments, regardless of how many years have passed since their marriage.
The Ministry of Land, Infrastructure and Transport announced that it will implement an amendment to the "Rules on Housing Supply," which includes the creation of a separate special supply category for newborns in private housing to support households with children.
Previously, for private housing subscriptions, a portion of the special supply for newlyweds or first-time homebuyers was prioritized for households with newborns. However, in the case of the special supply for newlyweds, those who did not meet the "within 7 years of marriage registration" requirement were excluded from priority or general supply for newborns, even if they had children under the age of 2.
Currently, 8% of the 23% allocated for the special supply for newlyweds is reserved for households with newborns.
For public housing, such as public pre-sale apartments, there is already a special supply for newborns separate from those for newlyweds and first-time homebuyers.
Moving forward, a 10% special supply for newborns will be newly established for private housing as well, expanding subscription opportunities for households with children regardless of the duration of their marriage.
Eligibility is limited to members of non-homeowning households with children under the age of 2, including unborn children and adopted children, provided they meet specific income or asset criteria.
The income criteria are the same as those for the special supply for first-time homebuyers, set at 130–160% of the monthly average income per household of urban workers from the previous year. This will be operated in three stages: 50% for priority supply, 20% for general supply, and 30% for lottery-based supply.
The supply system will also be improved to allow local governments to quickly provide housing to employees of companies relocating to regional areas, creating a region-specific supply framework.
Previously, local governments could provide special supply for up to 10% of total housing through institutional recommendations to promote local policies. However, the targets were limited and supply criteria were fixed by public notice, making it difficult to supply housing flexibly according to local circumstances.
From now on, the targets for special supply will be expanded and procedures will be simplified to allow local governments to attract companies and promote population inflow according to local demand.
Jang Woo-chul, Director of the Housing Policy Division at the Ministry of Land, Infrastructure and Transport, stated, "This amendment provides a mechanism to expand housing subscription opportunities for households with children and improve living conditions for companies relocating to regional areas." He added, "We will continue to do our best to redesign incentive structures so that marriage and childbirth are rewarded in housing subscriptions and regional areas are prioritized."
※ Please note: This article was translated by AI and may contain errors.