Policies · Planned · 2 sources combined
Housing supply target must be achieved
Private sector projects need acceleration
D-54 Deadline December 31 · Deadline for achieving this year's housing supply target
In short
Prime Minister Han Sung-sook urged the government to achieve this year's housing supply target.
He ordered acceleration of private redevelopment projects, which account for 80% of supply in the Seoul metropolitan area.
Third New City move-ins begin in earnest starting December in Incheon Gyeyang.
Key facts
| When | On the 27th, the 4th inter-ministerial housing rapid supply review meeting was held at the Seoul Government Complex. |
|---|---|
| Who | Prime Minister Han Sung-sook chaired the meeting and issued instructions to relevant ministries. |
| What | He urged achievement of housing supply targets and acceleration of private redevelopment projects over the remaining two months until year-end. |
| How | He instructed the Ministry of Land, Infrastructure and Transport to devise ways to resolve project delays and emphasized building a digital status dashboard. |
What it means for me
Residents planning to move to redevelopment and reconstruction areas should frequently check project progress.
