Seongnam City Requests "Locally Tailored Supplementary Measures" from Ministry of Land for New Public Housing Initiative

Seongnam City Agrees to Supply 6,300 Units in Geumto and Yeosu Districts
Calls for Supplementary Measures Such as Easing Height Restrictions

On January 30, the city of Seongnam in Gyeonggi Province issued a statement regarding the government’s “Urban Housing Supply Expansion and Acceleration Plan” announced on January 29. The city said that while it agrees with the policy goal of expanding housing supply-specifically, the plan to provide approximately 674,000 square meters of new public housing (a total of 6,300 units) in the Geumto 2 and Yeosu 2 districts adjacent to Pangyo Techno Valley and Seongnam City Hall-it believes that supplementary measures and consultations reflecting local conditions are necessary.

Seongnam City Hall exterior view. Provided by Seongnam City

First, Seongnam City expressed agreement with the intent of the public housing supply plan, noting that it can address residential demand linked to Pangyo Techno Valley and contribute to expanding housing supply in the greater Seoul area.

In particular, the construction of housing in the Yeosu 2 district across from Seongnam City Hall is expected to positively impact the benefit-cost ratio (B/C) of the planned extension of Subway Line 8 from Moran to Pangyo, which is about to undergo a preliminary feasibility study, and to be advantageous for the future establishment of a new City Hall Station.

However, due to the region’s lack of available land, Seongnam City argued that expanding housing through redevelopment and reconstruction would be a more effective and sustainable solution. The city called for further easing of height restrictions, an increase in the annual volume of Bundang reconstruction projects, and the complete lifting of the October 15 real estate regulations.

Additionally, considering the expected population influx from the development of Pangyo Techno Valley Phase 2 and 3 and new housing supply, the city expressed concerns about potential traffic congestion. Seongnam City requested that the Ministry of Land, Infrastructure and Transport establish practical transportation measures, including the extension of Subway Line 8 and other metropolitan transportation plans, and strongly demanded comprehensive measures to address the traffic impact on surrounding areas resulting from new development. The city plans to actively consult on these issues.

Furthermore, the city emphasized that measures to increase the proportion of for-sale housing in new public housing districts, as well as improvements to educational and residential conditions-such as appropriate school placement to accommodate a growing student population and ensuring safe routes to school-must be implemented in parallel to create pleasant and safe residential complexes.

Seongnam City plans to thoroughly review various ways to participate in project implementation so that local conditions and residents’ opinions are fully reflected during the process. The city will continue to work closely with the Ministry of Land, Infrastructure and Transport and related agencies to promote sustainable urban development in which housing supply, transportation, education, and residential environments are harmoniously integrated.

This content was produced with the assistance of AI translation services.