99,000 Homes Break Ground in Greater Seoul; Gov't Eyes 80% of Annual Target
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4 Articles
99,000 homes break ground in greater Seoul; gov't eyes 80% of annual target
Construction has begun on about 99,000 homes in greater Seoul so far this year, less than 40 percent of the annual target, with the figure expected to reach only around 80 percent of the goal by year-end, the government said Friday. The Ministry of Land, Infrastructure and Transport and the Office for Government Policy Coordination released an updated housing supply outlook amid growing concerns over rising home prices, and a tightening rental m…
The government projected that the supply of housing in the Seoul metropolitan area by the end of this year will reach approximately 218,000 to 235,000 units based on construction starts. This represents 81 to 88% of this year's target of 268,000 units. The Office for Government Policy Coordination and the Ministry of Land, Infrastructure and Transport announced this at the "1st Housing Supply Policy Briefing" held at the Government Complex Seoul…
The government has projected that the volume of housing starts in the Seoul metropolitan area this year will fall short of the annual target of 268,000 units. As of the second week of October, actual starts stood at only 99,000 units, or 37% of the target. On the 16th, the Office for Government Policy Coordination and the Ministry of Land, Infrastructure and Transport held their first "Regular Housing Supply Briefing" at the Government Complex …
Kim Yi-tak, First Vice Minister of Land, Infrastructure and Transport, held the first regular briefing on housing supply titled 'Where Is My Home?' at the Government Complex Seoul in Jongno-gu, Seoul on the 16th.
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