New Supply Sites "No Consultations"… Land Compensation Remains a Key Hurdle

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Whenever multiple supply measures are announced, a persistent question has always been whether these plans can actually be realized quickly as promised.

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

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This is the Korea University Deokso Farm site in Namyangju, which is the largest scale 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 21,700 households. However, Korea University, which owns the site, 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 scheduled to be built.

It is an area where station-area development projects are already being promoted under private initiative.

However, the project has been sluggish for eight years.

[Gwangju Jangji-dong Landowner: They have been saying they would do it since 2018, and it's just been dragging on like this. They need to provide a path for us to receive proper compensation and settle down here.]

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

In the Yeomchang Park area in Gangseo District, where a supply plan for 1,000 households was announced, more than 90 percent is private land, making the speed of compensation a key variable.

[Shin Dong-kwan / Real Estate Agent near Yeomchang Park: The problem is that the owners must agree. They have to give compensation commensurate with this to get them to move; 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 urban maintenance projects need to be relaxed further.

It also reiterated its opposition to utilizing greenbelts, pointing out that the government announced the measures without sufficient consultation.

[Myung No-joon / Head of Seoul's Housing Policy Bureau: Financial and tax systems to increase supply must be eased even more boldly. The government needs to 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 to overcome still remain, including the limited nature of new supply within Seoul, controversies over lifting greenbelt restrictions, and consultation issues with landowners.

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