"You've got to grab this"... A one-room apartment rents for 670,000 won a month, but a newly built apartment costs just '90,000 won' [Jip Nawara Ttukttak!]

[Financial News] The supply of a record-scale batch of redevelopment rental housing, totaling roughly 3,800 units, is getting underway in Seoul. This year, with age-based bonus points removed, young adults entering the workforce and college students are expected to show keen interest.
On September 17, the YouTube channel 'Jip Nawara Ttukttak!' covered SH's announcement of the '2026 Recruitment of Tenants for Redevelopment Rental Housing,' released on September 9. SH is seeking tenants for a total of 3,821 units across 162 complexes throughout Seoul.
■Recruiting 3,821 units... A look at the major complexes
Redevelopment rental housing is public rental housing first offered to tenants whose homes are demolished for redevelopment, with the remaining units supplied at affordable prices to citizens who do not own homes. All of the units in this offering are smaller than 40m2, but a notable feature is the large number of newly built, large-scale and station-area apartment complexes in highly sought-after locations.
The largest number of units is available at Imun I-Park Xi apartment complex in Imun-dong, Dongdaemun-gu. This massive newly built complex, completed last year, has 4,321 units and will offer 345 homes, including 131 units measuring 20m2 and 214 units measuring 33m2. For a 20m2 unit, the rental deposit is 12.16 million won and the monthly rent is 91,900 won. That is significantly cheaper than the average rent for a one-room apartment near neighboring universities, where the deposit is 10 million won and the average monthly rent is 670,000 won. The complex is immediately adjacent to Hankuk University of Foreign Studies Station on Line 1, allowing residents to enjoy its community facilities and large-complex amenities.
Gwanak Dream Town Apartments in Bongcheon-dong, Gwanak-gu, which has the second-largest supply, will offer 126 units measuring 32m2. The deposit is 11.8 million won and the monthly rent is 163,200 won, with a two-room layout. Also drawing attention is Lacherbo Prugio Summit in Haengdang-dong, Seongdong-gu, which offers access to the eight lines at Wangsimni Station and the amenities of Seoul Forest. It will offer 19 units measuring 36m2.
■Income thresholds eased for one- and two-person households... 'Age-based bonus points' removed
Notably, this announcement lowers the barriers further for young people. As of the announcement date, September 9, 2026, an adult member of a household without a home who resides in Seoul may apply. In particular, the income thresholds for one- and two-person households have been eased. The basic first-priority threshold is no more than 50% of average monthly income, but the threshold is raised by 20 percentage points for one-person households and 10 percentage points for two-person households. Accordingly, one-person households with income of up to 70%—no more than 2,669,354 won per month—and two-person households with income of up to 60%—no more than 3,519,762 won per month—may apply. Households with children born after March 28, 2023, will receive further relaxation of the income and asset requirements.
The combined total assets of all household members must be no more than 345 million won, and the value of an individual vehicle must not exceed 45.42 million won.
The bonus-point system applied when there are more applicants than units has also changed for first-priority applicants. The applicant age-based bonus points, which favored older applicants through last year, have been removed. Starting this year, applicants will compete regardless of age. Other major bonus-point criteria include the length of continuous residence in Seoul, with three points for five years or more, the number of dependents, and the number of housing subscription payments, with three points for 60 payments or more.
Housing applications for first-priority applicants will be accepted from September 29 through October 2, while second-priority applications will be accepted on October 8. Applications must generally be submitted online or by mobile device, with in-person applications permitted only for vulnerable groups such as older adults. Applicants selected for document screening will be announced on October 23, and the final winners are scheduled to be announced on March 30, 2027.
Tips for winning, including analyses of last year's competition rates and cutoff scores, are available on the YouTube channel 'Jip Nawara Ttukttak!'



[email protected] Jeon Min-kyung Reporter