Jiwon Oh: "360,000 Housing Units to Be Supplied in Seoul by 2031"

Private and Public Redevelopment Projects Across Seoul

"Simultaneous Application System" to Shorten Project Timelines

Deployment of Specialized Construction Cost Verification Teams

Jung Won-oh, the Democratic Party candidate for Seoul mayor, has announced the "Seoul Housing 3136+ Steady Portfolio," a plan to supply more than 360,000 housing units—both private and public—by 2031.

Jung Won-oh, the Democratic Party candidate for Seoul mayor, announced the "Seoul Space Transformation" G2 pledge at Cheongnyangni Station Plaza in Dongdaemun-gu, Seoul, on May 12, 2026. Photo by Yoon Dong-joo

On May 12, Jung pledged to initiate construction of at least 360,000 housing units over the next six years (2026–2031). Through a "Steady Development" approach, he plans to supply 302,000 units in Seoul via private and public redevelopment projects by 2031. To achieve this, he will introduce a "Simultaneous Application System," allowing the master plan, district designation, redevelopment plan changes, project implementation plan, and management disposition approval to be processed at once. In addition, he will push for amendments to the Urban and Residential Environment Improvement Act to enhance project profitability.

In particular, specialized construction cost verification teams from Seoul Housing & Communities Corporation (SH Corporation) and Korea Real Estate Board will be dispatched to prevent project delays. The authority to designate redevelopment districts with fewer than 500 households will be delegated to local governments, and specialist redevelopment project managers reporting directly to the mayor will be assigned to all districts to provide on-site support. Measures to manage relocation demand will be incorporated in advance into master and redevelopment plans, proactively addressing potential conflicts from large-scale relocations and enabling continuous acceleration of both groundbreaking and completion timelines.

Jung also stated that for youth housing near transit stations (Youth Safety Housing), thorough oversight will be enforced so that tenant recruitment is not permitted without guarantee insurance enrollment, and he will pursue institutional reforms to strengthen the financial capability requirements for project operators. The current household limit for urban small housing will be temporarily eased from 300 to 500 units, and up to 700 units within 500 meters of a transit station, in order to expand the supply of urban-style residential housing.

Additionally, the candidate plans to supply 50,000 newly built purchase-rental units, including quantities previously not provided. There will also be 10,000 units created through high-density reconstruction of aging public rental housing (permanent rental housing complexes).

Jung stated, "By combining the vitality of the private sector with the accountability of the public sector, I will create an environment in which all Seoul citizens can live stably," adding, "With decisive and effective administration that immediately addresses on-site problems, I will directly overcome the housing supply cliff in Seoul."

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