The Seoul city government will supply 12,000 "Seoul-style senior housing" units by 2035.
The Seoul city government released the "plan to promote the supply of Seoul-style senior housing" on the 27th. Seoul-style senior housing provides services such as one meal a day (30 meals a month), living support including cleaning and laundry, regular welfare checks, and connections with medical institutions.
Earlier, the city released a plan in May 2025 to supply 8,000 senior housing units by 2040. But as Korea has entered a super-aged society, it judged that it needs to increase the pace of supply and decided to expand the volume. The population aged 65 or older living in Seoul now stands at 1.93 million, exceeding 20% of the total.
The city plans to supply about 800 senior welfare housing units on public land, including the Gaehwasan Station public parking lot and the Seocho Fire Academy, by 2031, and to supply 132 senior welfare housing units to target sites for station area activation projects such as Sungshin Women's University Station.
To encourage participation by private operators, the city will provide a loan for up to 10 billion won for land acquisition costs (within 20% of the purchase price), support 4 percentage points per year of interest on construction funds (up to 24 billion won), and offer benefits such as easing public contributions and expanding the scope recognized for contributed acceptance. In addition, if senior housing is built under a district unit plan and applies barrier-free design, the city will grant an incentive of up to 10% of the floor area ratio allowed under the local government ordinance and permit an upgrade of two or more steps in zoning. If senior housing is introduced in urban-redevelopment-type renewal, the city will provide a floor area ratio incentive of up to 200% and ease the building height limit by up to 30 meters.
To reduce housing costs, the city will provide interest-free support of up to 60 million won in deposits to homeless seniors aged 65 or older.
Oh Se-hoon, the Seoul mayor, visited the "Noblest Tower," a senior welfare housing facility in the Gangbuk area on the morning of the 27th and discussed directions for developing senior housing.
Oh said, "The administration will open the way with urban-planning incentives so older adults can choose from a variety of housing options that fit their income and circumstances, and corporations will build a public-private senior ecosystem that provides high-quality services from living support to leisure and health management."