3rd New Town Fast Track... Land Compensation Shortened by 10 Months, Housing Supply Reduced by Over 4 Years

Announcement on the Progress of 3rd Phase New Towns with Pre-Subscription Application
Average Compensation Period Reduced by 10 Months for Early Start
Traffic Measures Confirmed 16 Months Earlier on Average
Housing Supply Timing Shortened by an Average of 57 Months Compared to Previous Plans

Incheon Gyeyang·Bucheon Daejang Metropolitan Transportation Improvement Plan / Source: Ministry of Land, Infrastructure and Transport

[Asia Economy Reporter Jo Gang-wook] Compensation for land in the 3rd phase new towns will be shortened by more than 10 months. To improve transportation in the Incheon Gyeyang and Bucheon Daejang districts, a plan to establish an S-BRT (Spine Bus Rapid Transit) network is being promoted. The government plans to advance the housing supply schedule for the 3rd phase new towns by more than 4 years compared to the 2nd phase new towns through this initiative.

The Ministry of Land, Infrastructure and Transport announced on the 24th that it is applying a 'Fast-Track' approach, which concurrently establishes district plans and compensates land for the 3rd phase new towns, reducing the average time to start compensation by more than 10 months compared to before.

When comparing the period from designation of residential land districts to the start of compensation, the 2nd phase new towns took an average of 27 months?24 months for Seongnam Pangyo and 30 months for Wirye?whereas the 3rd phase new towns such as Hanam Gyosan and Incheon Gyeyang are reducing this period to an average of 17 months, with 14 months each.

For Namyangju Wangsuk, Hanam Gyosan, and Incheon Gyeyang, compensation notices were issued in August last year, and compensation procedures are currently underway. Goyang Changneung and Bucheon Daejang plan to issue notices in the first half of this year.

Namyangju Wangsuk, Hanam Gyosan, and Incheon Gyeyang prepared district plans in October last year and plan to finalize these plans sequentially in the first half of this year.

Goyang Changneung and Bucheon Daejang are preparing district plans with experts from fields such as urban planning, architecture, and transportation, aiming to finalize them by the end of this year.

In particular, the Ministry of Land, Infrastructure and Transport plans to implement a pre-subscription system for the 3rd phase new towns, supplying housing 1 to 2 years earlier than the main subscription, thereby shortening the housing supply period by an average of 4 years and 9 months compared to existing new towns. For the 2nd phase new towns, the average time from district designation to initial housing supply was 81 months?51 months for Seongnam Pangyo, 64 months for Wirye, and 126 months for Pyeongtaek Godeok.

Accordingly, pre-subscription for the 3rd phase new towns will begin with Incheon Gyeyang in July. Between September and October, areas such as Namyangju Wangsuk 2 will be included, and from November to December, Namyangju Wangsuk, Hanam Gyosan, Goyang Changneung, and Bucheon Daejang will supply 30,000 housing units early through pre-subscription by the end of the year.

All transportation measures for the 3rd phase new towns have also been finalized.

Considering that Incheon Gyeyang and Bucheon Daejang districts are adjacent, an integrated transportation plan has been prepared. For public transportation, an S-BRT connecting Gimpo Airport Station, Gyeyang District, Daejang District, and Bucheon Sports Complex will be established. This is an upgraded BRT system that runs between stops without stopping, controlled by a signal system similar to a subway. The S-BRT will be linked with nearby subway lines 5, 7, and 9, the Airport Railroad, and the GTX-B (Great Train Express) line.

For road traffic, National Road No. 39 and Ojeong-ro have been confirmed, and Gyeongmyeong-daero will be newly constructed to secure road capacity. Additionally, connectivity between roads will be improved to significantly enhance metropolitan transportation accessibility.

With the confirmation of transportation measures for Incheon Gyeyang and Bucheon Daejang, a total of 81 transportation measures for the 3rd phase new towns have been completed, including 32 public transportation projects and 49 road traffic projects.

Major projects include urban railroads between Songpa and Hanam for Hanam Gyosan, urban railroads connecting Seoul Gangdong, Hanam, and Namyangju, and the construction of a new Han River bridge for Namyangju Wangsuk, as well as urban railroads between Goyang and Eunpyeong and the establishment of a GTX-A station for Goyang Changneung.

The Ministry expects that once the metropolitan transportation improvement measures are implemented, travel time from the 3rd phase new towns to downtown Seoul will be significantly reduced, and traffic conditions in surrounding areas, including existing road congestion, will also improve.

The Ministry explained that as a result of preparing transportation measures from the time of site announcement, the confirmation timing of transportation measures has been advanced by about 16 months on average compared to the 2nd phase new towns. The metropolitan transportation improvement plan for the 3rd phase new towns is characterized by expanded investment in public transportation such as subways to enable commuting to downtown Seoul within 30 minutes.

The Ministry stated, "For railway projects among the 3rd phase new town transportation measures, detailed methods such as implementation will be decided through a consultative body involving local governments and related agencies, and will proceed with incorporation into higher-level plans and initiation of basic plans. Besides road projects that have already been ordered and are underway, other projects will also be commissioned for related services and start detailed design without delay."

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