GH Proposes "GH Fast Track" to Ministry of Land, Enabling Up to 18-Month Reduction in Construction Timeline

Gyeonggi Housing and Urban Development Corporation (GH) has proposed its "GH Fast Track" model to the Ministry of Land, Infrastructure and Transport, which could accelerate the supply of public housing in the Phase 3 New Towns by up to 18 months.

The "GH Fast Track" is a collaborative model between local governments and project implementers that advances the housing supply schedule by temporarily connecting the new towns to existing local water supply and sewage infrastructure, even before essential facilities such as sewage treatment plants and reservoirs are completed.

On March 20, GH announced that during Minister Kim Yoonduk’s visit to the Namyangju Wangsuk New Town site on March 19, the company introduced the achievements of the "GH Fast Track" and recommended expanding its application to key districts of the Phase 3 New Towns.

Minister of Land, Infrastructure and Transport Yoonduk Kim is walking with officials during a site visit to the Wangsuk District in Namyangju. Provided by Gyeonggi Housing and Urban Development Corporation

GH has decided to pilot this model in the Hanam Gyosan district of the Phase 3 New Towns and, through close consultation with Hanam City, has obtained approval for temporary use of the sewage system. GH expects that the housing supply timeline in the Hanam Gyosan district can be shortened by at least 6 months and up to 18 months.

Kim Yongjin, President of GH, stated, "The early supply of housing in the Phase 3 New Towns is essential for stabilizing the real estate market in the Seoul metropolitan area. By expanding the GH Fast Track to other Phase 3 New Towns, we will accelerate the housing supply timeline and continue to work closely with the Ministry of Land, Infrastructure and Transport and related local governments."

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