235,000 Housing Units to Break Ground in Seoul Metropolitan Area by Year-End, Including Goyang Changneung and Hanam Gyosan

By year-end, 218,000 to 235,000 or more housing units are expected to break ground in the Seoul metropolitan area, and 15,000 or more public housing units are set to begin resident recruitment.

The government established "Regular Housing Supply Briefing" as a policy communication channel to regularly inform the public of the progress and results of housing supply policies, and held the first briefing on the 16th.

At a joint meeting of related agencies including the Prime Minister's Office and Ministry of Land, Infrastructure and Transport held at the Seoul government complex, a "Housing Supply Policy Brief" containing the actual results and prospects for housing supply in the Seoul metropolitan area and policy implementation status was presented, along with major policy initiatives to stabilize the jeonse and monthly rental market.

Kim Yong-su, Deputy Director of the Prime Minister's Office, stated, "It is important to actually supply the volume promised to the people," and added, "We will concentrate government-wide efforts so that related ministries, local governments, and public institutions work as one team to quickly resolve obstacles in the field and ensure major projects proceed according to schedule."

The government is promoting groundbreaking on 1.5 million units or more in the Seoul metropolitan area over five years (2026-2030), the highest level under any previous administration, and aims to break ground on a total of 268,000 units this year, including 62,000 public housing units.

As of the second week of October, results showed that 99,000 or more units have broken ground in the Seoul metropolitan area. Specifically, 16,200 public housing units including 7,300 units from three second-stage new cities such as Goyang Changneung, Incheon Gyeyang, and Hanam Gyosan, 13,000 units of new construction purchases, and 17,000 units from private redevelopment projects including Heukseok District 11, Junggye Bondong, and Seonglim 2, have broken ground.

The government is managing the progress of remaining planned groundbreaking units without disruption and projects that 218,000 to 235,000 or more units will break ground in the Seoul metropolitan area by year-end.

The government is also accelerating the supply of sales and leases that citizens can feel. Plans are underway to recruit residents for 15,000 or more housing units by year-end. For public sales, 10,000 units including approximately 2,000 units from three second-stage new cities will be announced for sale, and for public rental housing, 5,000 or more units including 1,400 units from Gwacheon Knowledge Information Town will recruit residents.

The Ministry of Land, Infrastructure and Transport is expanding short-term supply to stabilize the jeonse and monthly rental market while strengthening the residential safety net. The ministry has pursued various policies to promote short-term supply, including expanding HUG guarantee coverage for housing developers, easing building and parking standards for urban-type residential housing, and relaxing building area restrictions for multi-unit and multi-family homes.

Kim Itaek, Vice Minister of the Ministry of Land, Infrastructure and Transport, stated, "What matters to the people is being able to specifically know 'where and when my home will be available,'" and added, "We will demonstrate results by swiftly supplying quality housing in the locations people desire."