People Power Party Seoul mayoral candidate Oh Se-hoon released a pledge on dwelling supply. Visiting a redevelopment site in Yeongdeungpo, Seoul, on the 7th, Oh announced a pledge to start construction on a total of 310,000 dwellings by 2031.
On the morning of the 7th, Oh visited the Daerim District 1 redevelopment site in Yeongdeungpo, Seoul, and announced a pledge on dwelling supply. The key is to speed up dwelling supply through administrative procedure reforms and start construction on a total of 310,000 dwellings by 2031.
Oh said, "There is not much land in Seoul where idle sites can be used," adding, "I think the overwhelming completion that accelerates halted supply comes from overwhelming speed."
The core of Oh's dwelling pledge released this time is "rapid ground-breaking for core strategic maintenance zones." The plan is to designate major project sites in the relocation and ground-breaking stages as core strategic maintenance zones and rapidly start construction on 85,000 units within three years.
Oh explained, "If people living in older apartments or villas move into the increasing number of new-build apartments, the dwelling supply ecosystem will be revitalized," adding, "Making it possible to rapidly start construction on 85,000 units that are in the ground-breaking stage within three years is the top goal we must focus on starting this year."
To that end, Oh said he would also push measures to support relocation expenses through Seoul's Dwelling Promotion Fund. He also unveiled a "high-pass express integration for maintenance projects" pledge that would combine project implementation approval with management and disposal plan approval to shorten reconstruction and redevelopment timelines.
He also announced a pledge to improve the residential environment in the Gangbuk area by introducing "six types of incentives." The city will raise zoning along major arterial roads up to general commercial areas to activate growth potential, and within a 500-meter radius of transfer stations with high demand among station areas, it plans to grant a special provision for urban complex development with a maximum floor area ratio of 1,300%.
Oh said, "By subdividing what we have been doing through the fast-track planning program and supplementing it with concrete measures, if we can cut what used to take 20 years down to 10, it will be immensely helpful," adding, "The solution is for maintenance projects to proceed quickly, with large volumes breaking ground and being completed."