[2.4 Supply Measures] 836,000 Houses Nationwide Including 320,000 in Seoul Within 4 Years

[Asia Economy Reporter Jo Gang-wook] The government plans to supply a total of 836,000 housing units nationwide, including 320,000 units in Seoul alone by 2025, through reconstruction and redevelopment projects directly implemented by the public sector.

On the 4th, the government announced the "Public-led 3080+, Drastic Expansion Plan for Housing Supply in Metropolitan Areas" at the Government Seoul Office. This is the 25th real estate policy of the current administration and represents the largest supply plan under this government.

The 320,000 units in Seoul are equivalent to three new towns the size of Bundang and comparable to the number of apartments in Gangnam.

Of the 836,000 units, approximately 573,000 will be secured through new projects within urban areas, and 263,000 units will be obtained through the designation of new public housing sites. The specific locations of new sites in the metropolitan area and elsewhere will be announced later.

When combined with the existing 1.27 million housing supply plan in the metropolitan area, which is being promoted through the existing Housing Welfare Roadmap and the 3rd New Town projects, the total housing supply in the metropolitan area under this government will approach 2 million units.

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