New Supply Sites "No Consultation"... Land Compensation is the Key

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Whenever multiple housing supply measures are announced, a recurring doubt is whether the plans can actually be realized quickly as promised.

Reporter Jeon Hyeong-u visited the sites to check the current situation in the three newly announced areas: Namyangju and Gwangju in Gyeonggi Province, and Gangseo District in Seoul.

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This is the Korea University Doksam Farm site in Namyangju, the largest among the new housing supply candidate sites.

The area features a wide forest created for the university's ecological research, and the government plans to develop it by lifting the greenbelt restrictions.

The plan is to lift the development restrictions and build a public housing district with 21,700 households. However, Korea University, which owns the land, stated that "there has been no consultation with the government."

This is the Jangji-dong area in Gwangju, Gyeonggi Province, where 4,500 households are slated to be built.

This area is already undergoing a station-area development project led by the private sector.

However, the project has been sluggish for eight years.

[Landowner in Jangji-dong, Gwangju : They've been saying they'll do it since 2018, and things are still dragging on like this. They should provide a path where we can receive a reasonable amount of compensation and settle down here.]

Landowners are concerned that with LH creating a public housing district through this announcement, they might not receive proper compensation.

In the Yeomchang Park area in Gangseo District, where a plan for 1,000 households has been announced, more than 90% of the land is privately owned, making the speed of compensation a crucial factor.

[Shin Dong-gwan / Real estate agent near Yeomchang Park : The issue is that the owners must agree. They will only move if they receive compensation fitting for this; otherwise, they won't budge.]

Regarding the latest supply measures, the Seoul Metropolitan Government welcomed the acceptance of proposals such as easing the consent rate for redevelopment, while maintaining its stance that regulations on urban maintenance projects need to be relaxed further.

The city also reiterated its opposition to using greenbelts, pointing out that the government announced the measures without sufficient consultation.

[Myung No-jun / Head of Seoul's Housing Policy Bureau : Financial and tax policies to increase supply must be relaxed even more boldly. The government should take a more proactive approach toward the tasks that have not been reflected.]

Although the government stretched every nerve to maximize the scale of new supply, hurdles remain, including the limited nature of new supply within Seoul, controversies over lifting greenbelts, and issues regarding consultations with landowners.

(Photo: Yonhap News)
(Reported by Kang Dong-chul and Park Hyun-chul | Video edited by Yoo Mi-ra | VJ: Jung Han-wook)
※ Please note: This article was translated by AI and may contain errors.