Mayor Park Seungwon: "High-Quality Public Rental Housing to Be Built in Gwangmyeong-Siheung 3rd New Town"

Gwangmyeong City to Lead Quality Innovation in Public Rental Housing for the Gwangmyeong-Siheung 3rd New Town
Expansion of High-Quality Rental Housing in Line with Government Policy
Over 14,000 Public Rental Units... Bolstering Settlement for Young People and Newlyweds

The government has announced its intention to shift the focus of public rental housing policy from "quantitative supply" to "residential quality." Against this backdrop, Seungwon Park, Mayor of Gwangmyeong, has stated his commitment to developing the Gwangmyeong-Siheung 3rd New Town as a leading model of high-quality public rental housing.

Gwangmyeong Mayor Seungwon Park stated on the 27th, "We will develop the Gwangmyeong Siheung 3rd New Town as a representative model of high-quality public rental housing." Provided by Gwangmyeong City

On the 27th, Mayor Park emphasized, "The public rental housing supplied to Gwangmyeong-Siheung 3rd New Town should go beyond being mere living spaces and become a foundation for citizens without homes, such as young people and newlyweds, to settle down stably and plan for their futures. We will collaborate closely with the government and related agencies to ensure that a high-quality public rental policy centered around stations is fully reflected."

This comes as President Jaemyung Lee once again stressed at a recent National Grand Debate on Real Estate Policy that public rental housing policy requires a shift in thinking. He indicated a move away from the traditional supply of small, outdated rental units, emphasizing an expansion of high-quality public rental housing centered on locations near subway stations.

The Gwangmyeong-Siheung 3rd New Town is expected to provide a total of about 67,000 homes, with approximately 14,000 units, accounting for 30%, planned as public rental housing. Gwangmyeong City expects that if the government's new policy direction is implemented, housing satisfaction and settlement conditions for groups such as young people, newlyweds, and new entrants to society will see significant improvement.

Mayor Park stated, "Housing is the most fundamental foundation that supports life. Expanding the supply of high-quality public rental housing will not only enable stable settlement for citizens without homes, but also play a major role in addressing low birth rates and revitalizing local communities."

Gwangmyeong City has continuously advocated for improvements in the quality of public rental housing in relation to the development of the Gwangmyeong-Siheung 3rd New Town. In particular, it has consistently emphasized the need to increase the supply of medium-sized units between 60 and 85 square meters, secure locations near subway stations, and establish residential environments equipped with essential living infrastructure. The city considers the new government policy to be aligned with its own residential welfare direction, which it regards as highly significant.

Going forward, the city plans to work closely with the government and project implementing agencies to ensure that Gwangmyeong-Siheung 3rd New Town becomes a residential environment where young people, newlyweds, and new members of society without homes can settle down stably and prepare for the future.

Mayor Park also identified the creation of quality jobs as a core task for establishing a self-sustaining city, alongside housing stability.

Seungwon Park, Mayor of Gwangmyeong City, stated on the 27th, "We will develop Gwangmyeong Siheung 3rd New Town as a representative model of high-quality public rental housing." Provided by Gwangmyeong City

Mayor Park explained, "No matter how good the housing is, people cannot stay long if there are no jobs. The driving force for young people to settle in the region and shape their futures ultimately lies in the availability of quality employment opportunities."

He added, "If the government takes bold measures to support and improve regulations to stimulate corporate investment and encourages major companies to commit to investing, Gwangmyeong-Siheung 3rd New Town can develop into a leading self-sufficient city in the metropolitan area where housing and jobs are well balanced."

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