Pre-Subscription Supply of 30,000 Households Next Year in Namyangju Wangsuk, Hanam Gyosan, and Incheon Gyeyang

[Asia Economy Reporter Inho Yoo] In the second half of next year, a total of 30,000 households will be supplied through pre-subscription targeting the 3rd generation new towns such as Namyangju Wangsuk, Hanam Gyosan, Incheon Gyeyang, Goyang Changneung, Bucheon Daejang, as well as Seongnam and Gwacheon.

In 2022, pre-subscription will also be conducted for 30,000 households in areas such as Yongsan Maintenance Depot, Yongsan Platform City, Gangseo, and Magok.

The Ministry of Land, Infrastructure and Transport announced on the 8th the pre-subscription implementation plan for 60,000 public sale housing units to be conducted after July 2021 as a follow-up measure to expand housing supply in the Seoul metropolitan area and other regions on the 4th of last month.

According to the pre-subscription implementation plan, 30,000 households will be supplied through pre-subscription in the second half of 2021 and another 30,000 households in 2022. Pre-subscription is a method of accepting applications in advance for some units 1 to 2 years before the main subscription.

The Ministry of Land, Infrastructure and Transport is conducting pre-subscription to expedite supply in prime locations such as the 3rd generation new towns and Yongsan Maintenance Depot, aiming to calm 'panic buying' mainly among real demanders like those in their 20s and 30s. Interest in the 3rd generation new towns is indeed high. Within a month of the website opening, 650,000 people visited, and more than 120,000 applied for the 'subscription schedule notification service.'

First, in the second half of next year, about 4,300 households will be pre-subscribed in July and August in areas including Incheon Gyeyang (1,100 households), military land near Noryangjin Station (200 households), Namyangju Jinjeop (1,400 households), Seongnam Bokjeong 1 and 2 (1,000 households), Uiwang Cheonggye (300 households), and Wirye (300 households).

In September and October, about 5,600 households will be supplied, including Namyangju Wangsuk (1,500 households), Namtaeryeong military land (300 households), Seongnam Sinchon (200 households), Seongnam Nakseong (800 households), Siheung Hajung (1,000 households), Uijeongbu Ujeong (1,000 households), and Bucheon Yeokgok (800 households).

In November and December, about 21,000 households will be pre-subscribed, including Namyangju Wangsuk (2,400 households), Bucheon Daejang (2,000 households), Goyang Changneung (1,600 households), Hanam Gyosan (1,100 households), Gwacheon Gwacheon (1,800 households), Gunpo Daeyami (1,000 households), Siheung Geomo (2,700 households), Ansan Jangsang (1,000 households), Ansan Singil (1,400 households), and Namyangju Yangjeong Station area (1,300 households).

In 2022, 30,000 households will also be supplied through pre-subscription. Among these, Seoul areas such as Yongsan Maintenance Depot (3,000 households), Yongsan Platform City (3,300 households), Gangseo (300 households), Magok (200 households), Godeok Gangil (500 households), and Eunpyeong (100 households) have been designated as pre-subscription targets.

However, Tae-neung CC will announce a specific pre-subscription plan after establishing transportation measures in the first half of 2021; Gwacheon Government Complex site after establishing utilization plans; Camp Kim after the return of U.S. military land; and the Western Driver's License Test Center after confirming relocation plans.

Meanwhile, the Ministry of Land, Infrastructure and Transport stated that the supply plan of 845,000 households through public land out of 1.27 million households in the metropolitan area is being carried out without any setbacks.

First, about 370,000 households, which is approximately 44% of the public land supply in the metropolitan area, will be supplied by 2022. This amount corresponds to 7% of the total apartment stock (5.39 million households) in the metropolitan area. Among these, 130,000 are rental housing units, and 240,000 are sale housing units, including 60,000 pre-subscription units and 180,000 main subscription units. Of the total 370,000 households, 240,000 are sale units, greatly expanding opportunities for non-homeowners to purchase their own homes.

The 180,000 main subscription units will be supplied through 60,000 public sale units in the 2nd generation new towns and residential welfare roadmap districts, and 120,000 private sale units.

Starting in the fourth quarter of this year with Wirye District (2,300 households) and Seongnam Pangyo Daejang (700 households), supplies will continue with Gwacheon Juam (1,500 households) and Gwacheon Knowledge Information Town (500 households) in 2021, and Gwacheon Gwacheon (900 households) in 2022.

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