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Local governments are building rental housing for local youth at a price lower than the market price.
However, ahead of the move-in, young people are stamping their feet as the notice that the rental price will be raised suddenly continues.
Reporter Lee Min-jae of KNN covered the story.
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Mr. A, in his 30s, was excited about moving from a one-room apartment to a new apartment last December.
He decided to move into a 270-unit youth rental apartment in Busan, where he could move in at 80% of the market price.
However, the operator has been notified that the construction was suspended due to a series of strikes, which delayed the completion of the construction by about 4 months, and that an increase in the rental price was inevitable.
The developer is demanding that the rental price of youth rental housing here be raised by 30 to 40 million won, saying that raw material prices and real estate prices have soared.
The tenants have no place to go right away because the move-in period has been delayed, but even the rental price has risen, it is just helpless.
[Scheduled tenants: Other prospective tenants have no place to go right now, so they are looking for short-term rooms or gosiwons.
Because the move-in is delayed and the deposit is also going up.
We are so desperate right now.]
The operator says that the contract stated that the deposit can change.
[Executive person concerned: In the special terms of the lease contract, it was specified that the monthly rent for the deposit may change when the surrounding market price fluctuates significantly.]
The same is true of other youth rental housing in Busan.
One place that is about to recruit tenants has requested an increase of 60 million won from the original rental price to the city of Busan.
As even the rental price of youth rental housing rises, the original purpose of young people settling down in the region and improving housing welfare is fading.
(Video coverage: Jeon Jae-hyeon KNN)