en.Wedoany.com Reported - South Korea's Ministry of Land, Infrastructure, and Transport announced on the 29th that the supply of public housing in the Seoul metropolitan area in the first half of this year reached 13,400 units, a 43 percent increase compared to the same period last year. The supply is being carried out by the Korea Land and Housing Corporation (LH) and the Gyeonggi Housing and Urban Corporation (GH).

Starting on the 30th, occupant recruitment announcements for a total of 3,100 units, including those in third-phase new cities, will be released, marking the official start of public housing sales in the Seoul metropolitan area. The sites involved include Incheon Gyeyang (317 units), Goyang Changneung (494 units), Namyangju Wangsuk 2 (1,498 units), Siheung Hagjung (400 units), and the Anyang Gwan'yanggo area (404 units). Previously, 1,300 units were supplied in areas like Magok District 17. In May, 3,500 units are planned for sale in areas such as Hwaseong Dongtan 2 and Seongnam Naksaeng, and 5,500 units in June in areas like Goyang Changneung and Bucheon Yeokgok. In the first half alone, 5,700 units will be supplied in third-phase new cities.

The Ministry of Land stated that the public housing being supplied has advantages in transportation, education, and other aspects, drawing high levels of interest from actual end-users. For example, the Incheon Gyeyang A-9 site is close to expressways and Subway Line 1 and features extensive green space; the Namyangju Wangsuk 2 site will be within walking distance of a future subway station. The sales price will be approximately 90 percent of the surrounding market price, with the specific price to be disclosed at the time of the announcement. Applications will begin on May 11. Kim Young-guk, head of the Housing Supply Promotion Division at the Ministry of Land, Infrastructure, and Transport, said, "The planned supply volume in the Seoul metropolitan area this year has significantly increased compared to previous years, which will enhance the public's perception, and we will push forward with housing supply swiftly."

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