Designated 20 new housing sites in the metropolitan area and 5 metropolitan cities and supplied 250,000 units

Input 2021.02.04 10:31

Minister of Land, Infrastructure and Transport Byeon Chang-heum “2~3 presentations during the first half”

The government announced on the 4th that it plans to additionally designate and announce new public housing sites that can supply 250,000 units to 15 to 20 areas across the country, such as near Seoul and metropolitan cities. Separately, an additional 13,000 units will be supplied to the planned areas of the Happy City in Sejong City to increase the floor area ratio or utilize the reserved area.

The government plans to select candidate sites in consideration of location conditions, determine specific locations and supply quantities through designation proposals and consultations with local governments, and announce them in two or three times before the first half of this year.



Minister of Land, Infrastructure and Transport Byun Chang-heum announced a public-led housing supply policy for large cities at the’Public-led 3080+ metropolitan area housing supply remarkable expansion plan briefing’ held at the auditorium in the annex of the government building in Seoul on the morning of the 4th. /yunhap news

The Ministry of Land, Infrastructure and Transport, the Ministry of Strategy and Finance, and the City of Seoul announced this morning at the Gwanghwamun Government Complex Seoul, by announcing a plan to dramatically expand the supply of housing for the 3080 plus metropolitan area.

Public housing sites in the metropolitan area are planned to be selected in consideration of development conditions such as traffic conditions, centering around Seoul or areas with good accessibility to Seoul. Local areas are planning to select target sites in order to establish a stable housing supply base in areas near major urban centers, centering on five metropolitan cities.

In this regard, Minister of Land, Infrastructure and Transport Byeon Chang-heum said, “You can understand the volume of this announcement as the volume added to the 3rd new town.” For this purpose, we did not reveal our position in this announcement. We will announce it in two or three times soon after discussions with local governments are completed.”

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