Jeju City is doubling their budget on the ‘Own-your-own-garage project’ next year.
According to Jeju City’s announcement yesterday, they will be securing budget of 500 million Won in the coming year to expand their project in 200 locations or 300 myeons* in the city. In 2017, the city spent a total of 250 million Won to construct private garages in 100 locations or 165 myeons.
The project was first implemented back in 2001, and 1.23 billion Won has been invested to date. Private garages have been constructed in 1257 locations or 1322 myeons, amounting to an average of 78 new myeons annually.
There has been a rapid increase in the number of applicants recently, due to the adjust of subsidy rates from 50 to 90 percent. Upper limit of the subsidies also increased, from 4 million to a maximum of 5 million Won.
Starting recently, mid-size car owners also became qualified for the ‘Garage certification system’, which studies say has resulted in the growth of the public’s attention and participation in the project.
Jeju City is supporting 800 thousand Won and 700 thousand to 1.8 million Won for the removal cost of walls and gates, respectively. Subsidy for the pavement cost is 600 thousand Won to 1 million Won. Citizens must maintain their garage for 10 years and up if they wish to receive subsidies from Jeju City.
Owners of garages for business uses declared by other laws, and apartment houses with more than 30 households may not apply for the project.
Jeju City official says, “Applications are keep coming through even though we supplemented additional 5 million Won because our 200 million Won budget for the first half year cut short earlier than expected. We expect even more people will apply next year.”
*Myeon is a unit used to measure parking lot sizes. A single car can fit into a single myeon.
<This article was provided by our partner Jnuri>
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