![\"A](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/news-p.v1.20260813.b833184b83f242368caf9d3a4b34cd4b_P1.jpg\"\/ "\\"Seoul's")
A view of the Yeomchang Park site in Gangseo-gu, Seoul, the only area in Seoul designated as a new public housing district under the government’s “Rapid Housing Supply Plan for Stabilizing the Rental and Sales Markets” announced on the 13th. Reporter Oh Seung-hyun<\/p>\n
The government has pledged to supply more than 100,000 new homes under its “Aug. 13 real estate measures,” including 27,000 units on new public housing sites in Seoul’s Gangseo district and the Gyeonggi cities of Namyangju and Gwangju. But within Seoul itself, confirmed new supply amounts to fewer than 3,000 units, according to the plan.<\/p>\n
Under previously announced plans for public sales on public land across the greater Seoul area, only about 2,000 units are slated for sale in Seoul through next year, meaning competition among owner-occupier buyers for housing applications is expected to continue. Most new land sites are also targeted for construction starts in 2029 or 2030, so the supply shortage in Seoul is likely to persist.<\/p>\n
According to the “Rapid Housing Supply Plan for Stabilizing the Rental and Sales Markets” released by the Ministry of Land, Infrastructure and Transport (MOLIT) on the 13th, only four new projects in Seoul carried specified unit counts, totaling 2,672 homes.<\/p>\n
At the Yeomchang Park site in Seoul’s Gangseo district, which is being designated as a new public housing district, the government plans to supply 1,000 units. The area had been left idle for about 20 years after a private development project was canceled in 2006. The Korea Land & Housing Corporation (LH) will carry out the project, providing housing for young people and other low- and middle-income non-homeowners. MOLIT plans to create an open green space linked to the existing Yeomchang Park, forming a pleasant living area accessible to both local residents and new occupants. By cutting procedures as much as possible, it aims to break ground in 2029, 33 months after the announcement.<\/p>\n
At Suvin District 14, where additional supply was decided following an easing of military facility protection zone rules, a project stalled for five years will be normalized to supply 1,152 units. Supply is expected to become possible if the flight safety zone around the Suvin airfield is lifted, addressing the profitability issues caused by building-height restrictions.<\/p>\n
At the former Gonghang High School site in Banghwa-dong, Gangseo district \u2014 subject to combined redevelopment of school land \u2014 270 units will be supplied. The land was left vacant after Gonghang High School relocated to Magok in 2019. It has transit infrastructure near Gimpo International Airport Station and Gaehwasan Station, and offers a pleasant living environment near Gaehwasan Mountain. MOLIT said it would supply mixed-use housing for young adults and others, linked to an indoor school gymnasium being built by the Seoul Metropolitan Office of Education.<\/p>\n
At the LH Seoul Regional Headquarters in Nonhyeon-dong, Gangnam district, being redeveloped as an aging-office complex project, the government set a target of 250 public housing units. MOLIT described the location as within walking distance of Gangnam-gu Office Station and near Hakdong Elementary School, making it a good place to raise children with access to Gangnam’s education infrastructure. The government plans to build it into a specialized complex for newlyweds, with shared childcare facilities and a children’s library. Construction is targeted for 2030.<\/p>\n
Beyond these, other areas where the government is pursuing supply in Seoul do not yet have specified unit counts. Prominent among them are the Yongsan International Business District, the Taereung Golf Course and a Gangseo military site, all included in the earlier “Jan. 29 measures.” The government wants to build 10,000 units at the Yongsan International Business District, but the Seoul city government contends that no more than 8,000 units are feasible. Targets were set in the Jan. 29 measures for the Taereung Golf Course (6,800 units) and the Gangseo military site (918 units), among others, but these have not been finalized. Research institutions in the Eunpyeong and Dongdaemun districts also plan to draw up institution-by-institution relocation plans within the year to firm up their unit counts.<\/p>\n
All these areas may see their unit counts adjusted during the planning process, and only construction start dates have been scheduled. For owner-occupier buyers dreaming of buying a first home in Seoul, the numbers feel remote. Public sales currently confirmed in Seoul total 2,248 units: 1,300 units at the Godeok-Gangil district in the second half of this year, 608 units at Magok Complex 16 next year, and 340 units at Wirye Block A1-14.<\/p>\n
Experts gave positive marks to the government’s designation of new public housing districts and its efforts to speed up development, but stressed that supply within Seoul, which owner-occupier buyers prefer, must be firmed up quickly to ease anxiety over supply.<\/p>\n","protected":false},"excerpt":{"rendered":"A view of the Yeomchang Park site in Gangseo-gu, Seoul, the only area in Seoul designated as a…\n","protected":false},"author":2,"featured_media":118609,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[61353,61355,7641,61356,61354,112,34119,50490],"class_list":["post-118608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-seoul","tag-aug-13-real-estate-measures","tag-lh","tag-molit","tag-non-homeowners","tag-public-housing","tag-seoul","tag-seoul-housing-supply","tag-yongsan-international-business-district"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/118608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=118608"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/118608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/118609"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=118608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=118608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=118608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}