[Anchor]
The government has decided to supply 1.19 million public housing units by 2030, including 920,000 units in the Seoul metropolitan area.
The plan aims to reduce housing cost burdens and stabilize the jeonse and monthly rent markets. Reporter Lee Seong-hoon takes a closer look at whether housing of the desired quality and rent can be supplied in the locations people actually want.
[Reporter]
Groundwork is underway at the Goyang Changneung public housing district in Gyeonggi Province.
A total of 1,594 universal public rental housing units will be built here.
The newly introduced universal public rental housing will include large sizes, such as an 84-square-meter exclusive area, and feature enhanced quality in structure and finishing materials.
Eligibility criteria will also be relaxed so that not only vulnerable groups, but also diverse demand groups such as the middle class, can reside there.
The government's goal is to supply 190,000 such universal public rental units to preferred locations, including downtown areas and near subway stations, by 2030.
[Kim Yi-tak / Vice Minister of Land, Infrastructure and Transport: We will innovate housing quality and residential services to meet the expectations of consumers, and transition to a local-centered, customized support system that considers life cycles and regional conditions.]
Over the next five years, the government plans to supply 1.19 million public housing units, including universal public rentals, public rentals, and sales, with 920,000 of them allocated to the Seoul metropolitan area.
From the fourth quarter of this year to the end of next year, the available supply for move-in totals 150,000 units, including 100,000 units in the metropolitan area.
The government plans to overhaul eligibility criteria to match the conditions of vulnerable housing groups, youths, and the elderly, and integrate recruitment notices previously handled by individual operators to make access easier.
The key is supplying what matches actual demand.
While LH plans to purchase 8,000 unsold local apartments by next year, it has secured only about 2,300 units, reaching just 30 percent of its target.
Furthermore, among LH-purchased rental homes, more than 8,000 units have remained vacant for six months or longer.
[Kim Jin-yoo / Professor, Department of Urban and Transportation Engineering, Kyonggi University: Rather than being too fixated on quantity, it seems necessary to focus a bit more on whether the rents of the supplied public housing are affordable and whether the locations are preferred by people.]
How effectively the government can supply housing equipped with the locations, sizes, and rents desired by consumers is expected to be the core of achieving housing stability through public housing.
(Video Editing: Lee Sang-min, VJ: Jeonghan)
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