Suwon City Holds Move-In Ceremony for Saebbit Youth Zone No. 2

[Suwon Ilbo = Reporter Jung Jun-sung] Suwon Special Metropolitan City and LH (Korea Land and Housing Corporation) held a move-in ceremony for Saebbit Youth Zone No. 2 on the 10th.

The Saebbit Youth Zone, created in accordance with the "Suwon Youth Customized Housing Support Business Cooperation Agreement" signed between Suwon City and LH, is a project where Suwon City recruits young people to move into LH's non-residential remodeling youth rental housing near transit hubs and rents them at affordable prices based on the city's own criteria, providing a stable housing environment for young people.

Saebbit Youth Zone No. 2 was developed at 7-10, Jungjo-ro 388beon-gil, Gwonseon-gu. It spans a total area of 11,175.37 square meters with 2 basement floors and 13 above-ground floors, located a 3-minute walk from Seryu Station. It has 163 residential units (officetels) with exclusive residential areas of 23-28 square meters.

Young people aged 19 to 34 without their own housing and residing in Suwon City can move into Saebbit Youth Zone. Last October, the city recruited young residents for No. 2, receiving 536 applications.

Of the recruited number, 70% (114 people) were selected from young people who met the "Suwon Youth Specialized Priority Move-In Criteria" based on highest scores, and 30% (49 people) were selected from general young people based on highest scores. Suwon City provided priority move-in opportunities for Suwon youth such as those starting businesses and young artists. Eight youth enterprises also moved in.

At the move-in ceremony, Mayor Lee Jae-jun of Suwon, Chairman Lee Jae-sik of Suwon City Council, Assemblyman Yeom Tae-young (Suwonmu), members of Suwon City Council, LH President Lee Han-jun, and Regional President Kwon Un-hyuk of the Southern Gyeonggi Region participated.

Mayor Lee Jae-jun stated, "Suwon City will actively support young people so they can shine brighter," adding "We will promote support policies not only in housing but also in various fields such as employment, education, welfare, and culture so that young people can live better lives."

The rental period for Saebbit Youth Zone is 2 years and can be renewed up to 4 times in 2-year increments. For those receiving basic livelihood assistance, medical assistance, and housing assistance, the deposit is 1 million won and the monthly rent is 40% of market rates (253,300 won to 273,350 won). For other young people, the deposit is 2 million won and the monthly rent is 50% of market rates (308,860 won to 333,820 won).