The Ministry of Land, Infrastructure and Transport (MOLIT) has launched a comprehensive review to accelerate public housing development in the capital region, including the 3rd-generation new town projects.
Kim Yi-tak, first vice minister of MOLIT, chaired a meeting on the afternoon of June 3 at the Korea Land and Housing Corporation (LH) Special Housing Supply Headquarters in Yongsan-gu, Seoul, to review progress on expediting capital region public housing sites and ordered the acceleration of projects.
MOLIT aims to break ground on more than 372,000 public housing units in the capital region by 2030 and is working to shorten permitting and compensation periods while promoting relocation and demolition. Legislative revisions related to project acceleration announced in the September 7 measures last year are also underway. Key tasks include shortening strategic environmental impact assessment procedures, establishing an integrated coordination council to resolve project-related disputes, introducing cooperation incentive payments for land compensation, and imposing financial penalties on those who refuse to vacate.
Through these measures, the ministry plans to ensure that more than 50,000 public housing units break ground in the capital region this year without delay.
"The annual construction volume announced under the September 7 measures is a promise to the public that must be kept," Vice Minister Kim said. "A pace of progress that the public can tangibly feel is the key factor in stabilizing the real estate market."
He ordered officials to thoroughly explore all possible measures to accelerate delivery so that supply exceeds planned volumes.
Kim also called on LH to "take a central role in operating consultative bodies to resolve issues at each project site." Consultative bodies composed of local governments, local public corporations and private contractors are being operated at major project sites to facilitate cultural heritage surveys, infrastructure relocation and resident displacement.
"As MOLIT is making every effort on institutional improvements such as legislative revisions, LH should also fulfill its responsibility to shorten project timelines," he added.
Kim also reviewed the status of major sites including the 3rd-generation new towns and the Seoripul district in Seoul. "This year, 7,500 units are scheduled for sale in the 3rd-generation new towns alone, including 2,300 units in the first half, and the first move-in of 1,300 households is planned for Incheon Gyeyang in December," he said.
"Please thoroughly prepare measures to improve settlement conditions including transportation so that public expectations can be met," he added.
