LH Holds '2020 Apartment Site Supply Plan Briefing'

▲ 2020 LH Apartment Site Supply Plan (Provided by LH)

[Asia Economy Reporter Lee Chun-hee] LH announced on the 11th that it will hold the '2020 Apartment Site Supply Plan Briefing Session' through the LH Subscription Center and YouTube channel starting at 10 a.m.

The annual LH apartment site supply plan briefing session is an opportunity to get a comprehensive overview of LH's annual apartment site supply volume and supply schedule. However, this year, due to concerns over the spread of the novel coronavirus (COVID-19), the on-site briefing session will be replaced with an online briefing session.

This year, LH plans to supply 87 lots (3.94 million ㎡) of apartment sites, which is a 17% increase in area compared to last year's 83 lots (3.37 million ㎡). Among this year's supply, 63 lots (2.81 million ㎡) will be sold through lottery or bidding methods.

The remaining 24 lots (1.13 million ㎡) will be supplied through business diversification and design competition methods. The business diversification method involves LH selling apartment sites to project entities, and construction companies participating directly in the project jointly with LH or as contractors. This includes forms such as housing development REITs. Among these, 13 lots (490,000 ㎡) were already allocated to supply recipients through last year's competition, and the remaining 11 lots (640,000 ㎡) will be newly offered through competitions this year.

By region, the metropolitan area accounts for 65 lots (3.07 million ㎡), representing 78% of the total supply volume by area. The provincial areas will have 22 lots (870,000 ㎡) supplied.

The largest site is Block A18 in Paju Unjeong 3 District. With an area of 120,000 ㎡, it can supply up to 1,842 households in buildings up to 30 stories high. It can supply all housing sizes, from small houses under 60 ㎡ (exclusive area) to large houses over 85 ㎡.

Lee Sang-gi, head of LH Sales Planning Department, said, “We hope that the LH apartment sites disclosed through this online briefing session will be of practical help to construction companies in establishing their annual business plans and securing project volumes.”

This content was produced with the assistance of AI translation services.