The government will release its dwellings supply plan around the 13th. Measures under discussion reportedly range from converting sites owned by public institutions and schools into housing land to lifting restrictions on development in the Seoul metropolitan greenbelt.
According to the Ministry of Land, Infrastructure and Transport and others on the 9th, the government is reviewing a plan to release a dwellings supply policy around the 13th after holding a ministers' meeting on real estate this week. The supply scale is expected to be around 50,000 units.
The Ministry of Land, Infrastructure and Transport (MOLIT) is prioritizing the swift supply of about 27,000 units being pushed forward through redevelopment and urban development projects in Seoul's quasi-industrial zones.
Officials are also reviewing ways to use prime national and public land. Korea Land & Housing Corporation (LH) recently said it is pushing a plan to use the site of its Seoul Regional Headquarters in Nonhyeon-dong, Gangnam-gu, for dwellings supply. The supply scale is about 200 units, but the site's prime location in the heart of Gangnam is a key advantage. Yongsan Children's Garden in Yongsan-gu and the site of the Seoul Regional Public Procurement Service in Banpo-dong, Seocho-gu, are also being mentioned as candidate sites.
School sites left vacant due to transfer or closure are also under review. The former Gonghang High School site in Gangseo-gu and the former Cheongdam High School site in Gangnam-gu, where the school moved to Jamwon-dong, Seocho-gu, this year, are reportedly on the list. Greenbelt areas such as the reserve training ground in Naegok-dong, Seocho-gu, the Segok-dong area in Gangnam-gu, and the Suseo rail yard are also being cited as candidates.
However, signs of strong backlash are already emerging in some areas. Near Yongsan Children's Garden, citizens opposing the creation of housing sites began a protest the previous day by lining up funeral wreaths.