Sales Begin for 3,100 Units in 3rd New Towns... 13,400 Homes to Be Supplied in First Half

Recruitment Announcements for Goyang Changneung, Wangsuk, and More

Application Process Begins on May 11

The Ministry of Land, Infrastructure and Transport announced on April 29 that a total of 13,400 public housing units will be supplied in the Seoul metropolitan area during the first half of this year, including 3,100 units to be announced on April 30.

According to the ministry, Korea Land & Housing Corporation (LH) and Gyeonggi Housing & Urban Development Corporation (GH), the project implementers, will post tenant recruitment announcements for 3,100 units, including 2,300 units in the 3rd New Towns, on April 30.

Third New Town Goyang Changneung District. Photo by Yonhap News Agency

By district, LH will supply a total of 2,709 units in areas for which it is the project implementer: Incheon Gyeyang (317 units), LH Goyang Changneung (494 units), Namyangju Wangsuk 2 (1,498 units), and Siheung Hajung (400 units). GH will offer 404 units for sale in Anyang Gwanyang-go.

Among these, the Goyang Changneung S-1 Block is a 'Chopuma' complex, with an elementary school site planned, and is expected to be highly preferred by actual homebuyers. Its proximity to Hwajeong Station (Line 3) and the Pyeongtaek-Paju Expressway is also an advantage. The Namyangju Wangsuk 2 A-1 and A-3 Blocks will be the first complexes supplied in the Namyangju Wangsuk 2 district, and once the extension of Line 9 (Gangdong-Hanam-Namyangju Line) is completed, residents will be able to walk to the newly established Ilpae Station (tentative name).

Sale prices are expected to be around 90% of the current market rate in nearby areas. After the sales announcement on April 30, applications will be accepted sequentially starting from May 11, and the announcement of successful applicants is scheduled to begin next month.

In addition, LH and GH plan to offer a total of 13,400 units in the first half of the year, an increase of 43% compared to the same period last year (9,400 units). By June, 5,700 units will be supplied in the 3rd New Towns, including 3,900 units in Goyang Changneung, and an additional 7,700 units will be offered in major residential sites such as Hwaseong Dongtan 2 and Seongnam Naksaeng.

Kim Youngguk, Head of the Housing Supply Promotion Headquarters at the Ministry of Land, Infrastructure and Transport, stated, "This year, a significant number of new homes are scheduled to be supplied in the Seoul metropolitan area compared to previous years, which will be felt by the public. We will push forward with the housing supply at a rapid pace."

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