The largest among the 3rd new towns in Siheung, Gwangmyeong with 70,000 households
“Expected effect of slowing home price rise”
Busan Daejeo and Gwangju mountain peak designation’positive’
The entire area of Gwangmyeong Siheung Special Management Zone designated as a new public residential area by the government on the 24th. News 1
The real estate industry is shaken when the government announced three new public housing sites with a total of 101,000 households on the 24th. While the positive response of shortage of supply is ahead, we are also paying attention to future market changes. In particular, analysis shows that the 6th largest new city in history will be built in Siheung District, Gwangmyeong, which will affect the housing price in Seoul in the long run.
Government “I will accelerate construction and move-in”
2·4 measures 1st new public housing site
According to the Ministry of Land, Infrastructure and Transport, Gwangmyeong Siheung (12.71 million square meters), which was selected as a new public housing site, is the largest among the three new cities. It is the sixth largest in history in the first and third new cities. The supply of 70,000 households exceeds the number of households in Namyangju Wangsuk (66,000 households) among the three new cities.
The government expects that the demand for housing in the southwestern part of the metropolitan area will ease when supply is made to new housing sites. In particular, the Gwangmyeong Siheung District is only about 1km away from Seoul, so it is expected to have a significant impact on Seoul house prices. “There was no big new city in southwestern Seoul, but this time, we plan to have sufficient infrastructure centered on railroad traffic,” said Kim Gyu-cheol, head of the Ministry of Land, Infrastructure and Transport. “We expect to be able to absorb the demand for housing in Seoul.”
However, it takes at least a few years to actually supply housing. The Ministry of Land, Infrastructure and Transport will proceed with advance subscription in 2023, and the main subscription schedule is planned for 2025. The scheduled move-in date has not been confirmed yet. “The best way to alleviate supply and demand anxiety is to expand housing supply,” said Yoon Seong-won, the first vice minister of the Ministry of Land, and he said, “We plan to accelerate the start and move-in time as much as possible.”
Real estate experts believe it will be difficult for the supply effect to appear immediately. Young-jin Ham, head of Jikbang’s Big Data Lab, said, “As there are days left until pre-sale, the effect of stabilizing the rise in housing prices in the metropolitan area will be limited right now.”
Location status of the 3rd new city
Aboriginal cooperation is a challenge to speed supply
The Ministry of Land, Infrastructure and Transport will promote the supply of housing sites with a scale of 150,000 households, which are scheduled to be released in April, at a time similar to that announced this time. If it is according to plan, a large amount of goods will be released to the real estate market at once. There is a possibility that house prices will fall due to increased supply.
Because of this, there are voices that the government should adjust the housing supply schedule. Dae-Jung Kwon, professor of the Department of Real Estate at Myongji University, said, “If you start moving in at a time similar to that of the 3rd new city in a new residential area, the price can be hard landed with the number of occupants.” Without it, housing prices can be stabilized.”
The evaluation of new public housing sites in metropolitan cities is also positive. The Ministry of Land, Infrastructure and Transport is planning to supply high-quality housing to the’Busan Daejeo’ (18,000 households) and’Gwangju Sanjeong’ (13,000 households) districts. Ma Gang-rae, a professor at the Department of Urban Planning and Real Estate at Chung-Ang University, said, “The non-metropolitan area has relatively negligible housing supply compared to the metropolitan area, but it will be a good starting point.” There will be.”
The government’s future task is to compensate for indigenous peoples. In particular, it is known that there is a strong negative position on the development of public housing sites in Siheung District, Gwangmyeong. Director Kim Gyu-cheol said, “In the Gwangmyeong Siheung District, individual settlement maintenance projects have been promoted since the designation of a special management area, but progress has been slow, and residents have requested integrated development from the government.” We plan to solve the problems raised through communication.”
Gangjin-gu reporter [email protected]
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