Page 923 - B2B All Year Round Vol.8

Public Rental Housing / Global Education City

JDC is promoting a public rental housing supply project to support the housing
Public Rental stability of Jeju residents. The public rental housing supply project of JDC, which
puts the happiness and convenience of residents as the top priority, will serve as a
Housing stepping stone for the residents to move toward a happy free international city.

Public rental housing that blooms happy residential spaces
Public Rental Housing
After announcing its entry into the public housing business in January 2016, JDC has been
pushing for the supply of high-quality public rental housing. As the first public rental housing
project, a total of 793 households, including 402 happy houses and 391 10-year rental houses,
have been occupied over the land of 47,036.7㎡ in the Jeju Science Park since its completion
in August 2020.

About business Implementation history
• Location 717 Wolpyeong-dong, Jeju-si February 2016 Signed a business agreement for joint
(A23 block of Jeju Science Park) efforts to stabilize housing (Jeju Self-
• Area Site area 47,036.7㎡, building area Governing Province, JDC, LH, Jeju Province
12,940.5㎡ Development Corporation)
• Project period 2016-2020 May 2016 Passed by the Council on the selection of
• Project costs KRW 141.8 billion Happy Housing site candidates (Ministry of
Land, Infrastructure and Transport)
Occupying facility July 2016 Completed the outsourced master plan
• 402 households of happy housing for young December 2016 Started design outsourcing and construction
people, including workers in industrial project management outsourcing
complexes, newlyweds, and university students June 2017 The housing construction project plan
• 391 households with 10 years of rental housing (happy housing) approved
for the working class that owns no house August 2017 Housing construction project plan (10-year
rental housing) approved
March 2018 Groundbreaking for the construction project
August 2020 Usage approval completed and occupancy
began
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