Happy Housing: Who Qualifies and What You Get
Learn how to access long-term rental housing at significantly lower rates than the standard market price in South Korea.
Happy Housing is a government program that provides affordable, long-term rental homes to specific groups of people.
Who it's for
This scheme is designed for young adults, newlyweds, and socially vulnerable groups. To qualify, you must meet specific income limits set by the government.
What you get
You gain access to long-term rental housing at a discounted rate. The monthly rent is typically between 60% and 80% of the current market rate.
What it costs you
There is no fee to submit an application. However, you will need to spend time gathering and providing extensive documentation to prove your income.
The catch to know
If you are applying under the "newlywed" category, there is a strict limit on how long you can have been married. Eligibility is usually restricted to those married for under 7 years.
How to apply
- Check your eligibility based on your income and marital status.
- Gather all required income proof documents.
- Submit your application through the official online portal.