S. Korea Aims to Supply over 230,000 Additional Homes in Seoul Metropolitan Area to Tame Housing Prices
The plan includes 27,000 units at three new sites and aims to cut the time to start public housing construction to 37 months.
6 Articles
6 Articles
Gov't rolls out plan to supply 230,000 new homes in Seoul metro area
The government unveiled a plan Thursday to add more than 230,000 homes across Seoul and surrounding Gyeonggi Province, as well as accelerating construction of already planned housing units, as part of President Lee Jae Myung's struggling efforts to tame rising home prices and rents. The government will designate new public housing districts and construct approximately 27,000 units in three locations. Western Seoul's Gangseo District will be the …
S. Korea aims to supply over 230,000 additional homes in Seoul metropolitan area to tame housing prices
The government said Thursday it will push to supply more than 230,000 additional homes in the Seoul metropolitan area by accelerating development on public land and supporting private-sector projects.
(Seoul = Yonhap News) Reporter Lim Ki-chang = The government, having launched a race to accelerate housing supply in the metropolitan area, [plans] 23... in the metropolitan area, including 100,000 new housing units on development restricted zones (green belts)
The government is shortening the construction start period for public land to 37 months to expand housing supply in the metropolitan area. It plans to announce the supply of 100,000 new housing units within the year and achieve the goal of starting construction on 1.35 million units in the metropolitan area by 2030 through multifaceted support policies, such as exempting development charges for early-start projects and easing redevelopment regul…
Lee Jae Myung speeds up Seoul housing supply as financing risks rise
South Korea on Thursday unveiled measures expected to generate more than 230,000 additional homes in the Seoul metropolitan area, while shortening the standard period between announcing a new public housing site and starting construction from 68 to 37 months. The plan includes more than 100,000 homes on new public sites, including 27,000 units unveiled in […]
[Digital Daily Reporter Hwang Jin-hyun] The government plans to supply an additional 230,000+α housing units in the Seoul metropolitan area, including 100,000 units on new residential land. It will also reduce the time from the announcement of public land sites to the start of construction from the existing 68 months to 37 months, thereby increasing both the volume and speed of housing supply. On the 13th, the Ministry of Land, Infrastructure a…
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