Suwon's 'Saebit Youth Zone' Draws 2,000 Applicants… Competition Rate Doubles From Last Year

Suwon City announced on the 2nd that its recruitment for 151 households in the station-area youth rental housing project, known as the "Saebit Youth Zone," attracted 2,010 applicants, recording an average competition rate of 13.3 to 1.

This figure is double last year's average competition rate of 7 to 1.

Suwon City recruited applicants for 141 units in "Saebit Youth Zone No. 4" this year, alongside 10 vacant units resulting from move-outs in "Saebit Youth Zone No. 1," which was supplied in 2023.

For "Saebit Youth Zone No. 4," 1,855 people applied, marking a competition rate of 13.2 to 1, while 155 people applied for Zone No. 1, resulting in a competition rate of 15.5 to 1.

Both locations consist of officetels with a dedicated area of 26 square meters, located about a 2 to 5-minute walk from Suwon City Hall Station on the Suin-Bundang Line.

The city analyzed that the rise in the competition rate was driven by the expansion of the eligible applicant age limit from 34 and under to 39 and under, reflecting recommendations from the Ministry of Land, Infrastructure and Transport.

The city also views that high satisfaction among actual residents with affordable rental housing in station areas—amid soaring housing cost burdens for the younger generation—played a contributing role.

The city plans to select 70 percent of the recruited individuals based on special priority qualification criteria for Suwon youth, which include ▲ youth entrepreneurs and artists working at companies located in the city, ▲ youth preparing for independence, ▲ youth leaving youth shelters, and ▲ victims of jeonse fraud.

The remaining 30 percent will be selected in order of highest scores based on general youth scoring criteria, including ▲ basic livelihood security recipients, ▲ continuous residence in the city for 3 years or longer, ▲ applicants whose parents both do not own a home, and ▲ disability status.

Winners and reserve tenants will be announced on November 20 through the Suwon City website.

(Photo provided by Suwon City, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.