The government will sell a total of 13,400 public housing units in the first half of this year. Sales will ramp up in earnest, concentrated in the Seoul metropolitan area, including the third new towns such as Incheon Gyeyang, Goyang Changneung and Namyangju Wangsuk 2, as well as Magok District 17.
The Ministry of Land, Infrastructure and Transport announced this public housing sales plan on the 29th. The supply is up 43% from 9,400 public housing units in the first half of last year.
The 13,400 units scheduled for the first half include 3,100 public housing units in the Seoul metropolitan area to be publicly noticed for sale on the 30th. The project operators, Korea Land & Housing Corporation (LH) and Gyeonggi Housing & Urban Development Corporation, will issue tenant recruitment notices for Incheon Gyeyang (317 units), Goyang Changneung (494 units), Namyangju Wangsuk 2 (1,498 units), Siheung Hajung (400 units) and Anyang Gwanyang High (404 units). The supply includes 1,896 units for advance subscription.
Before this, sales notices were issued for 1,300 units in metropolitan public housing sites including Magok District 17, Incheon Gajeong 2 and Pyeongtaek Godeok.
The Ministry of Land, Infrastructure and Transport (MOLIT) plans to sell 5,700 units solely in the third new towns, including 3,900 units in Goyang Changneung, by June this year. It will also sell 7,700 units in major sites such as Hwaseong Dongtan 2 and Seongnam Nakseng.
The public housing scheduled for sale in the first half of this year has strengths in transportation, education and complex facilities. Incheon Gyeyang Newlywed Hope Town A-9 block is near the Seoul Ring Expressway (Route 100) and Incheon Metro Line 1, providing easy access to Seoul, the broader metropolitan area and other cities. In particular, the Incheon Gyeyang district features a green space four times the size of Yeouido Park running through the district, allowing residents to enjoy a broad and verdant natural environment in the city.
Goyang Changneung S-1 block is an "school-in-complex" site with a planned elementary school lot, which is expected to be highly preferred by end users. It is adjacent to Hwajeong Station (Line 3) and the Pyeongtaek–Paju Expressway.
In Namyangju Wangsuk 2 district, blocks A-1 and A-3 are the first complexes to be supplied in the area, and once the Line 9 extension (Gangdong–Hanam–Namyangju line) opens, residents will be able to walk to the newly established Ilpae Station (provisional name). In addition, a park will be created nearby and a kindergarten as well as elementary and middle schools are planned, allowing residents to enjoy both a pleasant living environment and strong educational conditions. The Namyangju Wangsuk 2 district is also adjacent to the already built Dasan New Town and Yangjeong station area district, offering the advantage of sharing existing urban infrastructure.
Siheung Hajung A-1 block, a small to mid-sized site, is close to the Siheung National Sports Center and Mulwang Lake, providing convenient access to diverse living infrastructure. Anyang Gwanyang High A-1 and A-2 blocks are within a 500-meter radius of Gwanyang Elementary and Middle Schools, allowing safe walking commutes to school.
Public housing sale prices will be around 90% of nearby market levels, with exact prices to be disclosed in the sales notices. After the sales notices on the 30th of this month, applications will begin sequentially starting on the 11th of next month, and winners will be announced starting in May.
Kim Young-guk, head of the housing supply promotion headquarters at the Ministry of Land, Infrastructure and Transport (MOLIT), said, "This year, with many sales scheduled in the metropolitan area compared with previous years, the public will feel a greater impact," adding, "We will push ahead with housing supply with speed."