South Korea to designate new housing zones for 76,000 homes
The South Korean government has announced plans to build more than 76,700 homes as part of efforts to boost housing supply, the land ministry said on Thursday.
The Ministry of Land, Infrastructure and Transport said the government has designated six new public housing zones in Gyeonggi Province, surrounding Seoul, for the project.
The ministry also announced the six candidate sites as part of its plan to supply the new homes.
The proposed sites are located in Gimpo, Guri, Hanam, Uijeongbu and Goyang in Gyeonggi Province, all within 5 kilometres of Seoul’s boundaries and offering relatively easy access to the capital.
The ministry said the sites are located in greenbelt areas where environmental conservation value has already been diminished, making them suitable for systematic development.
Land Minister Hong Jee-sun stressed the need to expand the housing supply in areas favoured by young people and newlyweds, pledging government support to accelerate construction.
(Yonhap/NAN)
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