New Supply Sites "No Consultations Held"... Land Compensation Remains the Key

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Even in the past, there have been cases where housing supply was delayed due to land compensation issues after new housing sites were announced.

What is the atmosphere in Namyangju, Gwangju, and Gangseo, which have been newly designated this time? Reporter Jeon Hyeong-u went to the sites.

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

This area has a wide forest created for the university's ecological research, and the government's policy is to develop it by lifting the greenbelt.

The plan is to lift development restrictions and create a public housing district with a scale of 21,700 households. However, Korea University, which owns the site, stated that "no discussions have been held with the government."

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

It is an area where station-area development projects are already being pursued under private leadership.

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 it's just been dragging on like this. They should provide a path where we can receive a reasonable amount of compensation and settle down here.]

Landowners expressed concern that with the Korea Land and Housing Corporation (LH) creating a public housing district through this announcement, they might not receive proper compensation.

In the Yeomchang Park area in Gangseo-gu, where a plan to supply 1,000 households was announced, more than 90% is private land, making the speed of compensation a crucial factor.

[Shin Dong-gwan / Real Estate Agent near Yeomchang Park : The problem is that the owners must give their consent. They will only move if appropriate compensation corresponding to this is provided; otherwise, they won't budge.]

Regarding this supply measure, the Seoul Metropolitan Government welcomed the acceptance of proposals such as easing redevelopment consent rates, but maintained its stance that regulations on maintenance projects need to be relaxed further.

It also reaffirmed its opposition to utilizing greenbelts, stating that the government announced the measures without sufficient consultation.

[Myung No-jun / Head of Seoul's Housing Policy Bureau : Financial and tax measures 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 mobilized all possible resources to maximize the scale of new supply, hurdles remain to be overcome, including limited new supply within Seoul, controversies over greenbelt deregulation, and consultation issues with landowners.

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