The government will supply 35,000 dwellings for youth and low-income families by utilizing old government housing and unused public land. It plans to expedite the supply of public housing at Yongsan open space and Daebang army officer's residence, as well as discovering additional new housing by exploring aging government buildings and vacant lots in urban areas.
Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol noted during the government property policy deliberation committee meeting held at the Government Seoul Building on the morning of the 12th that the meeting reviewed and approved the '2026 Comprehensive Plan for Government Property and measures to protect the value of payment-in-kind securities.'
The government will accelerate the supply of 20,000 units originally planned for 2035. Major project sites include ▲ Yongsan open space (333 units) ▲ Jongno Complex Government Building (50 units) ▲ Cheonan Customs Complex (50 units) ▲ Daebang army officer's residence mixed-use development (185 units).
Additionally, it plans to uncover over 15,000 new dwellings by exploring aging public buildings in downtown areas, such as the Seongsu-dong police cavalry base, Gwangmyeong Tax Office, and the Seoul Immigration Office, as well as vacant lots near station areas.
The government will open unused land for community conveniences, such as parking lots, according to local residents' demands, and if it is difficult to sell or exchange, it will convert the space into senior workspaces or community learning spaces.
When corporations and social enterprises use government property, the usage fee will be reduced from the existing 2.5% to 1%. Also, institutional improvements will be pursued to ensure compensation in military airport and return land areas of the United States Forces Korea.
The government will introduce an 'AI government property analysis system' to systematically classify assets, and will report to the Cabinet and the National Assembly in advance when disposing of government property worth over 50 billion won. Along with the reduction in the number of civil servants, it will manage the total amount of government housing and require the submission of restructuring plans when acquiring new public property.
Deputy Prime Minister Koo emphasized during the committee meeting that 'in the past, government properties were viewed as complementary measures for finances, so their role was limited,' adding, 'Now, government properties should be seen as a shared asset for all citizens supporting ultra-innovative economic growth.'