In Namyangju Wangsuk District, the largest project site in the third new town, the final large-scale site development section is moving forward, and the schedule for supplying dwellings is taking shape. With a Sigongsa selection expected in June and groundbreaking in the second half, the overall supply plan has entered the execution phase.
According to the construction industry on the 4th, Gyeonggi Housing & Urban Development Corporation (GH) is preparing site development work of about 1.78 million square meters within the Namyangju Wangsuk public housing district. The section combines the existing zones 5 and 6 into one package, and it is now standardized under the name "zone 5." It is the final large-scale site development section following zones 1 to 4 led by Korea Land & Housing Corporation (LH). Even among third new town projects, it is cited as the largest civil engineering package in the first half of the year.
GH said a Sigongsa will be selected in mid-June, and after subsequent procedures, construction will begin in the second half. The construction period is about five years, during which land preparation and basic infrastructure such as roads and water and sewage systems will be built. Once site development is completed, apartment construction and sales will begin in earnest.
Even by the standard of a single site development contract, the new zone 5 section is a substantial package and is expected to directly affect the Wangsuk District's schedule for supplying dwellings. Wangsuk District is the largest supply site in the third new town plan, with a total of 64,533 households. As the last large-scale site development section within the district, industry sources said zone 5 is significant as a core foundational process that will determine the overall supply.
In earlier work by LH, zones 1 to 3 in Wangsuk were divided among consortia of major and mid-sized builders, including Hyundai Engineering & Construction and Geumgwang Enterprise, while Ssangyong E&C took zone 4. Zone 5 is also expected to see a consortium structure led by major builders.
As conditions for private dwelling projects have recently deteriorated, public volumes in the third new town are considered relatively stable orders for builders. The industry expects major construction companies to actively bid, seeing meaningful benefits for securing performance.
The government is pushing to expand public housing supply in the Seoul metropolitan area centered on the third new town, and Wangsuk District is considered a key pillar of the supply volume. A GH official said, "This zone 5 is a section integrating the former zones 5 and 6 and is a core block slated to supply about 17,000 households," adding, "After the Sigongsa selection in mid-June, we will move into full-fledged construction."