Home » Business » Dangjeong to supply 300,000 units in Seoul 4th real estate measures consultation

Dangjeong to supply 300,000 units in Seoul 4th real estate measures consultation

The party government is expected to finalize the first real estate measures after taking office as Minister of Land, Infrastructure and Transport Byun Chang-heum at the meeting.

Inside and outside the party, the dominant observation is that a breakthrough measure will come out of supplying up to 300,000 units in Seoul alone and more than 500,000 units in large cities across the country.

As for the supply method, public redevelopment and reconstruction, use change, and high-density development of low-rise residential areas through use change and floor area ratio increase are discussed.

In order to speed up the supply, the Party is also reviewing measures to ease land acceptance requirements such as the percentage of residents consent only for public redevelopment.

Key officials in the hospital said, “Expanding the volume and strengthening publicity are the key measures,” and said, “We thoroughly suppressed the demand for speculation, but prepared a countermeasure taking into account the real demand arising from household changes.”

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