The government's efforts to solve the problems of population decline and low birth rate, which are currently emerging as serious social problems in our society, can be found in the real estate-related system in 2024, and the keywords of the changing system are focused on childbirth and youth. First, as for the system for households with newborns, if a household without a home purchases a house, a loan support amount of up to 500 million won is available, and a jeonse fund loan of up to 300 million won is also available. (Annual income of 130 million won or less) As for the reorganization of the subscription system, a special supply system for newborns will be newly established, and households that have given birth within 2 years of the date of the announcement of the recruitment of residents, regardless of marital status, will be granted special supply qualifications for public housing, and among the first-time and newlywed special supply units for private housing, 20% will be supplied first to households with newborns, and the previous 3-child standard for subscription will be changed to 2, so that households with 2 children can also apply for subscription support for multiple children.
As a system for young people, a new “Youth Housing Dream” subscription account has been established for young people without a home and with an annual income of 50 million won or less. If a young person who has held the subscription account for more than a year and paid more than 10 million won wins the subscription, they can receive a loan at a low interest rate of at least 2.2%. (For those under 34, the maximum interest rate is 4.5%)
In addition, the loan for the deposit for monthly rent for young people employed at small and medium-sized enterprises, which was originally scheduled to end at the end of 2023, has been extended to the end of 2024, so that young households without a home and with an annual income of 3,500 or less who are employed at small and medium-sized enterprises can receive a deposit of up to 100 million won at an annual interest rate of 1.5%.
In addition, the temporary exemption from the multiple-home transfer income tax will end on May 9, 2024, and the exemption standard for excess profit burden due to reconstruction has been raised from the current 30 million won to 80 million won. Lastly, the floor area ratio for reconstruction and redevelopment located in areas near subway stations can be relaxed by up to 1.2 times, and some of the houses built with the relaxed floor area ratio can be supplied as new homes.
