On August 31, 2026, SH announced the recruitment of tenants and prospective tenants for 1,381 units in its 51st long-term jeonse housing offering. The supply will be divided between new developments and re-supplied units.
Key Changes
Of the 1,381 total units, 291 are in nine new developments and 1,090 are re-supplied units across 70 developments. Applications will be accepted according to priority ranking.
- First priority: September 14–15, 2026
- Second priority: September 16
- Third and fourth priorities: September 17
The schedule and supply breakdown were confirmed based on [News1’s report](https://www.news1.kr/amp/realestate/general/6274474) and [Bridge Economy’s report](https://v.daum.net/v/20260831135115229).
Current Status
The general eligibility requirement is to be an adult member of a non-homeowning household residing in Seoul as of the announcement date. However, income, total-asset, and vehicle-ownership requirements vary depending on the unit size and supply type.
For this offering, the income threshold is 105% or 150% of the average monthly income of urban workers, depending on unit size. For dual-income households, the limit is extended to 140% or 200%. The reported total-asset limit is KRW 662 million, while the vehicle-value limit is KRW 45.42 million. Depending on the number of children born, the income and asset thresholds may be relaxed by up to 20 percentage points.
Eligibility cannot be determined by the residency requirement alone; the criteria for the relevant unit size must also be checked.
Impact
Long-term jeonse housing allows residents to stay for up to 20 years through an initial two-year contract followed by renewals in two-year increments. It is supplied with deposits set at no more than 80% of surrounding market prices. For households weighing both housing costs and long-term residential stability, the key points to check are the unit-size-specific eligibility criteria and the application dates by priority ranking.
However, “20 years of residence” should not be interpreted as automatically leading to “ownership.” The Enforcement Decree of the Special Act on Public Housing defines long-term jeonse housing and public rental housing subject to conversion to ownership as separate types. An interpretation by the Ministry of Government Legislation also found that long-term jeonse housing is not included among public rental housing units that may be converted to ownership early by agreement after half of the mandatory rental period has elapsed.
Therefore, the possibility that SH’s restriction on selling the units could expire after 20 years is separate from whether the units would automatically be sold to existing tenants or whether those tenants would receive a right of first refusal. No basis was found to conclude that existing tenants are guaranteed an automatic sale or priority purchase right. The relevant rules can be reviewed in the [Enforcement Decree of the Special Act on Public Housing at the Korean Law Information Center](https://www.law.go.kr/LSW/lsPdfPrint.do?ancYnChk=0&bylChaChk=N&efGubun=Y&efYd=20231128&joAllCheck=Y&joEfOutPutYn=on&lsiSeq=256337&mokChaChk=N) and the [Ministry of Government Legislation’s interpretation](https://www.law.go.kr/DRF/lawService.do?ID=342533&OC=unicpla&mobileYn=Y&target=expc&type=HTML).
Next Checkpoint
Those considering applying should review the priority-based application schedule beginning September 14, along with the income, asset, and vehicle-value requirements for each unit size. The detailed application conditions should ultimately be checked against the original SH recruitment notice. General information about the residential structure of long-term jeonse housing and plans for units reaching the end of their terms is available from [Seoul Metropolitan Government](https://mediahub.seoul.go.kr/archives/2013348) and the [Seoul long-term jeonse information page](https://housing.seoul.go.kr/site/main/content/sh01_040000).
The fact-checking time for this article was August 31, 2026, from 10:50 to 10:55 a.m.