Over 230,000 Homes to Be Supplied in Capital Area... "Construction to Begin in 2030"

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The government has unveiled its third housing supply measures. More than 230,000 homes will be supplied in the Seoul metropolitan area, with new housing sites accounting for 100,000 of them. Among these 100,000 homes, 27,000 will be supplied in Namyangju and Gwangju in Gyeonggi Province, as well as Gangseo District in Seoul, while the remaining 73,000 will be announced additionally within this year. Attention is focused on how much more of the greenbelt will be lifted.

Our first report today (August 14) comes from Reporter Baegun.

[Reporter]

The new public housing district volume in the capital area unveiled by the government yesterday includes about 27,000 homes: 21,700 homes in Wabu-eup, Namyangju; 4,500 homes in Gwangju Station Area, Gyeonggi Province; and 1,000 homes in Yeomchang Park, Gangseo District, Seoul.

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

The Seoul Gangnam-area greenbelt and Yongsan Park, which were recently mentioned as candidate sites, were not included in this announcement.

The government plans to additionally announce candidate sites for 73,000 homes 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 units.]

Until the announcement of additional candidate sites, the government has temporarily designated greenbelt areas in Seoul and the metropolitan area adjacent to Seoul as land transaction permission 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 need to preserve greenbelts well. However, since our plan to build homes focuses on areas of grade 3 or 4 that have already been significantly damaged, I want to say that we are preparing for housing supply more actively...]

The government's blueprint is to supply a total of over 230,000 additional homes in the capital area by adding new housing site volumes to the early commencement of existing public housing sites and the expansion of downtown and private supply.

What was emphasized as much as the supply volume in these measures is "speed."

For the 3rd-generation new towns, it took an average of 68 months from announcement to housing commencement, but the government plans to simultaneously pursue approvals, compensations, and site preparation to cut the period down to 37 months.

It also announced that it will accelerate the commencement dates of existing public housing sites by 1 to 2 years to break ground early on 89,000 homes by 2030.

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

(Photo courtesy of Yonhap News / Reported by Park Hyun-chul | Video by Lee Sang-min | Graphics by Lim Chan-hyuk and Choi Jae-young)
※ Please note: This article was translated by AI and may contain errors.