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The government has unveiled an additional housing supply package, half a year after the January 29 measures. A total of 100,000 new housing units will be supplied, including some 27,000 units in Gangseo-gu, Seoul, as well as Namyangju and Gwangju in Gyeonggi Province. Particular emphasis was placed on the speed of supply.

First, reporter Baegun has the details.

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The new public housing districts in the Seoul metropolitan area unveiled by the government today (the 13th) total around 27,000 units, which include 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 a target to break ground in the first half of 2030.

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

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

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

Prior to announcing additional candidate sites, the government temporarily designated greenbelt areas in Seoul and the capital region 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 must preserve greenbelts well. However, since our plan to build houses focuses on grade 3 and 4 areas that have already been considerably damaged, I would like to say that we are preparing for housing supply more actively....]

The government's plan is to supply a total of more than 230,000 additional units to the capital region by combining the new housing site volume with the early groundbreakings of existing public housing sites and the expansion of downtown and private supply.

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

While the 3rd-generation new towns took an average of 68 months from announcement to housing ground-breaking, the government aims to cut this down to 37 months by simultaneously pursuing approvals, compensation, and site development to shorten the timeframe.

It also announced that it will advance the ground-breaking dates of existing public housing sites by one to two years to break ground early on 89,000 units by 2030.

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

(Video by Park Hyun-cheol | Video Editing by Lee Sang-min | Design by Im Chan-hyuk and Choi Jae-young)