Gyeonggi Housing & Urban Development Corporation (GH) said on the 2nd it will shorten the move-in schedule for the third new towns, including Hanam Gyosan, by more than a year and supply more than 100,000 public dwellings by 2030.
Kim Yong-jin, GH president, held a press briefing this morning and announced the "GH Brige 2030 action plan." Kim said, "We prepared this action plan to strengthen public trust by increasing speed and effectiveness, judging that the next two to three years will be a decisive period that will determine the success or failure of government policies such as normalization of the housing market."
GH plans to introduce a "GH-style fast track" to streamline approval and licensing procedures and to quickly push forward key processes such as compensation and construction. Through this, the goal is to move up the average move-in timing by more than a year for 7,000 households in key districts, including 1,800 households in Hanam Gyosan, 1,900 in Goyang Changneung, and 2,900 in Yongin Platform.
It will also expand the supply of modular dwellings, which can shorten construction periods by 30%, from the current 862 households to 4,000. The equity accumulation "savings dwellings," which allow home acquisition similar to savings programs for young adults without homes and newlyweds, will have their first offering of 240 households in the Gwanggyo A17 block in Oct., and will be steadily supplied at around 1,000 households per year from next year through 2030.
To that end, GH strengthened its financial base. With the revision of the Ministry of the Interior and Safety's approval system for the issuance of bonds and debentures, GH has secured the capacity to raise more than 31 trillion won by 2030. Kim said, "We will concentrate the secured funds on expanding the supply of dwellings to stably push forward not only existing projects such as the third new towns but also new projects."