Focusing on Supply Speed... 100,000 New Housing Units in Seoul Metropolitan Area

[Anchor]

Half a year after the January 29 measures, the government has unveiled additional housing supply measures. A total of 100,000 new units are set to be supplied, including some 27,000 units in Gangseo, Seoul, as well as Namyangju and Gwangju in Gyeonggi Province. In particular, the focus has been placed on the speed of supply.

First, reporter Baegun has the story.

[Reporter]

The volume of new public housing districts in the Seoul metropolitan area unveiled by the government today (the 13th) stands at some 27,000 units, including 21,700 units in Wabu-eup, Namyangju; 4,500 units in Gwangju Station Area, Gyeonggi Province; and 1,000 units in Yeomchang Park, Gangseo-gu, Seoul.

The largest site in Namyangju is a greenbelt area adjacent to Dosim Station on the Gyeongui-Jungang Line, with the goal of commencing construction in the first half of 2030.

Seoul's Gangnam-area greenbelts and the Yongsan Park, which had been recently rumored as candidates, were not included in this announcement.

The government plans to additionally announce candidate sites for 73,000 units within this year.

[Kim Yun-deok / Minister of Land, Infrastructure and Transport: We will designate new public housing districts in locations with excellent accessibility, such as station areas, to supply more than 100,000 homes.]

Before announcing additional candidate sites, the government temporarily designated greenbelt areas in Seoul and the metropolitan area adjacent to Seoul as land transaction permit zones, and greenbelts are highly likely to be included in the additional candidate sites as well.

[Kim Yun-deok / Minister of Land, Infrastructure and Transport: We certainly need to well-preserve greenbelts. However, the reason we are saying we will build houses is that we are proceeding mainly with grade 3 and 4 areas that have already been considerably damaged, so I would like to say that we are preparing for housing supply more actively....]

The government's plan is to add more than 230,000 housing units in total to the metropolitan area by combining the new housing site volume, the early construction of existing public housing sites, and the expanded volume of downtown and private supply.

What was emphasized just as much as the supply volume in this measure is "speed."

For the 3rd-generation new towns, it took an average of 68 months from announcement to housing construction, but the plan is to simultaneously promote licensing, compensation, and site development and shorten the period to 37 months.

The government stated that it will also bring forward the construction start dates of existing public housing sites by one to two years to promptly break ground on 89,000 units by 2030.

The government plans to hold review meetings presided over by the Prime Minister to manage project progress on a weekly basis to support this speed-driven campaign.

(Photo: Yonhap News - Reporter: Park Hyun-chul, Video Editing: Lee Sang-min, Design: Im Chan-hyuk, Choi Jae-young)
※ Please note: This article was translated by AI and may contain errors.