The long-term private rental apartment 'Jecheon Ruhaas the County 214' in Jecheon, North Chungcheong Province, is gaining attention as a stable investment after completing the approval for changes to its business plan.
Jecheon Ruhaas the County 214 has completed the purchase of 100% of the project site and on Nov. 15 of last year received approval from Jecheon City for changes to its business plan as a private rental business, significantly alleviating the legal uncertainties that had been raised and increasing the project's stability, while also resolving investors' concerns.
In particular, it secured 100% safety for the deposit through a guarantee from the Housing and Urban Guarantee Corporation (HUG). This measure fundamentally blocks risks such as rental fraud and can protect residents' property rights. Furthermore, the low-interest rental loans backed by HUG, which can cover up to 80%, significantly reduce the initial financial burden, providing favorable conditions for both actual buyers and investors.
Jecheon Ruhaas the County 214 allows for free selection of sales after 10 years of residence and enables free movement and transfer of rights without mandatory residence periods. There are no tax burdens such as acquisition tax, property tax, or comprehensive real estate tax, and until the sale occurs, the property is not included in the count of owned dwellings, hence it is free from regulations for multiple homeowners. Anyone over 19 years old can apply without a subscription bank account, lowering the entry barrier.
With legal stability secured through project approval, Jecheon Ruhaas the County 214 is increasing interest in the Jecheon housing market by promoting a premium living environment and various benefits. This apartment goes beyond simply providing living space and has introduced various premium services that enhance residents' quality of life, including breakfast restaurant services, a bakery café, and a coin laundry—specialized benefits being tried for the first time in the Jecheon area.
Additionally, it is located near the planned 4th industrial complex, boasting excellent proximity to work and residence. With the expedited Chungbuk Line project scheduled for 2031, travel time from Bongyang Station to Cheongju Airport Station will be shortened from 1 hour and 11 minutes to 41 minutes, and it is equipped with a convenient regional transportation network, including Jecheon IC and Central Expressway.
A company official noted, "Inquiries from actual buyers and investors have surged since the project approval," adding, "Particularly high interest is shown by those looking for a safe and convenient living environment."
Real estate experts evaluate, "Jecheon Ruhaas the County 214 is an attractive investment that offers both stability and revenue," and noted, "In particular, the low-interest rental loans backed by HUG, which can cover up to 80%, provide a significant advantage in reducing the initial burden on residents."