A public dwellings project for 34,000 households, including the Gangseo former military site and Seoul Medical Center, was approved as a national policy project. With public institutions exempted from preliminary feasibility studies, the project period is expected to be shortened by about a year, making rapid dwellings supply likely.
The Ministry of Strategy and Finance and the Ministry of Land, Infrastructure and Transport said on the 28th that a public dwellings project for about 34,000 households was approved as a national policy project at the 18th Cabinet meeting. This is a follow-up measure to the Sept. 7 plan to expand dwellings supply and the Jan. 29 plan to expand and expedite urban dwellings supply.
With this Cabinet approval, a foundation has been laid for 26 projects in total to pursue exemptions from public institutions' preliminary feasibility studies. Under the National Finance Act and the Act on the Management of Public Institutions, when a public institution needs to push ahead for national policy reasons to respond to urgent economic or social situations, an exemption from the preliminary feasibility study is possible after Cabinet deliberation and resolution.
As the public dwellings projects promoted by the government become national policy projects, they can receive exemptions from public institutions' preliminary feasibility studies after going through the Fiscal Project Evaluation Committee (or an advisory meeting). In that case, the project period is expected to be shortened by about one year. However, among the 26 public dwellings projects in total, three projects—the Seoul Customs Guro Support Center, the National Geographic Information Institute, and the Suwon Mail Distribution Center—are subject to public institutions' preliminary feasibility studies.
Among the volumes approved at this Cabinet meeting, those released through the Jan. 29 measures this year total 20,200 households. Of these, a total of 2,900 households—including 1,300 households and 1,600 households from small-scale projects not subject to preliminary feasibility studies—are planned to break ground in 2027. The 11,600-household reconstruction of aging public rental housing released in the Sept. 7 measures last year was also included in this approval.
Accordingly, the Gangseo former military site (918 households) is expected to be able to break ground next year after being exempted from the preliminary feasibility study. The Gangseo former military site project is located near the Magok Industrial Complex and Songjeong Station on Subway Line 5, and aims to restore urban space severed by existing military facilities and create a new living area at the southwestern gateway. It was selected as an entrusted development site through the National Property Policy Deliberation Committee.
The south site of Seoul Medical Center (518 households) is a project to develop public dwellings and business facilities such as a smart work center in a station-area site near Samseong Station and Bongeunsa Station. Tailored housing supply for one-person households including young people is planned, with construction to start in 2028.
The Junggye 1 project, which reorganizes an aging public rental complex near Junggye Station, will expand the supply scale from the existing 882 households to 1,370 households by raising the floor area ratio. It plans to improve the residential environment by expanding mid-sized units and community facilities, with construction to start in 2028.
Kim Young-guk, head of the Dwellings Supply Promotion Headquarters at the Ministry of Land, Infrastructure and Transport (MOLIT), said, "We will work with related agencies to systematically manage the entire process so that dwellings supply in the city can proceed quickly," adding, "Along with speedy supply, we will do our utmost to create a high-quality residential environment that the public can be satisfied with."