Construction of 50,000 public housing units started this year, 4.5 times higher than the previous year… 6,000 units sold in Changneung, Gyosan, etc. in the first half of next year

by times news cr
Kim Beom-seok, Vice Minister of Strategy and Finance, is presiding over the ‘9th Real Estate Market and Supply Situation Inspection Task Force Meeting’ held at the Seoul Government Complex in Jongno-gu, Seoul on the morning of the 8th. 2024.10.8

The government plans to begin construction of 50,000 public housing units in the third new city within this year and to sell 6,000 units first in the first half of next year.

On the 8th, the government held the ‘9th Real Estate Market and Supply Status Inspection TF’ co-chaired by First Vice Minister of Strategy and Finance Kim Beom-seok and First Vice Minister of Land, Infrastructure and Transport Jin Hyun-hwan and announced this.

First of all, Korea Land and Housing Corporation (LH) plans to start construction this year at 50,000 units, which is about 4.5 times more than last year’s performance of 11,000 units, and plans to promote large-scale supply without disruption.

In particular, 6,000 units, including the 3rd new town Goyang Changneung and Hanam Gyosan, are scheduled to be sold in the first half of next year, and 10,000 units, including those in the Guri Galmae Station area, Gwacheon Juam, and Hwaseong Dongtan 2, are also expected to be sold in the second half of the year.

In addition, in accordance with the Aging Planning and Urban Development Act, we plan to introduce a ‘special maintenance plan establishment fast track’ in November, which will allow residents to establish a special maintenance plan when they propose one.

In addition, 32 target tasks out of a total of 56 detailed tasks have been completed in the two months since the announcement of the housing supply expansion plan on August 8, and the target tasks for the fourth quarter are also scheduled to be completed as soon as possible.

Regarding real estate project financing (PF), it was evaluated that restructuring is proceeding without a hitch as auction and public auction winning bids have been made for well-located PF business sites, such as apartments in Seocho-gu, Seoul.

In order to stabilize the real estate PF market and revitalize the construction industry, LH announced a secondary purchase of land owned by the construction industry worth 3 trillion won, and plans to normalize businesses experiencing temporary liquidity difficulties through this.

In addition, as a result of joint field inspections and planning investigations by related agencies, 397 suspected illegal transactions were discovered, and they announced that they would continue to take strict action against illegal and unfair acts that disrupt the real estate transaction order.

Meanwhile, the apartment sales volume in Seoul last August (7,609) decreased by 20% compared to the peak in July (9,518), and the weekly increase in Seoul apartment prices in the 5th week of September (0.10%) also decreased from the peak in the 2nd week of August (0.32%). ) was calculated to have decreased by one-third compared to the previous year.

Economy Queen reporter Kim Jeong-hyeon photo provided by the Ministry of Strategy and Finance

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