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 at Gwangmyeong Siheung 3rd New Town
Expansion of "High-Quality Rental Housing" in Line with Government Policy
About 14,800 Public Rental Units... Enhanced Settlement Support for Young People and Newlyweds

As the government announced a shift in its public rental housing policy from "quantitative supply" to an emphasis on "residential quality," Seungwon Park, Mayor of Gwangmyeong City, declared his intention to develop the Gwangmyeong Siheung 3rd New Town as a representative 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 stated, "The public rental housing to be supplied in Gwangmyeong Siheung 3rd New Town must go beyond being a simple residential space; it should provide a foundation where young people, newlyweds, and other citizens without homes can settle stably and plan for their future. We will work closely with the government and relevant agencies to ensure that the policy for high-quality public rental housing, centered around stations, is faithfully reflected."

This comes in response to President Lee Jaemyung’s recent remarks at the National Public Debate on Real Estate Policy, where he reiterated that a shift in thinking is needed for public rental policy and emphasized expanding high-quality public rental housing centered around stations, rather than continuing to supply cramped and outdated rental units.

Of the approximately 42,000 units to be supplied in the Gwangmyeong area of Gwangmyeong Siheung 3rd New Town, about 14,800 units, or roughly 30%, are planned as public rental housing. Gwangmyeong City expects that, if the government’s new policy direction is implemented, residential satisfaction and living conditions will greatly improve for young people, newlyweds, and other groups without homes, such as those just starting out in their careers.

Mayor Park stressed, "Housing is the most fundamental basis for sustaining life," adding, "Expanding the supply of high-quality public rental housing will play a major role not only in providing stable settlement for citizens without homes, but also in addressing the low birth rate and revitalizing the local community."

Gwangmyeong City has continually called for improvements to the quality of public rental housing in connection with the development of Gwangmyeong Siheung 3rd New Town. In particular, the city has consistently emphasized the need to increase the proportion of medium-sized units (60–85 square meters), secure locations near major transit stations, and create residential environments with sufficient living infrastructure, highlighting that the new government policy aligns with the city’s own housing welfare direction.

Going forward, the city plans to work closely with the government and related project authorities to ensure that Gwangmyeong Siheung 3rd New Town provides a residential environment in which young people, newlyweds, and first-time employees without homes can settle down stably and prepare for the future.

Mayor Park also identified securing quality jobs, alongside housing stability, as a core task for creating a self-sustaining city.

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 said, "No matter how good the housing is, people cannot stay long if there are no jobs. Ultimately, the driving force for young people to root themselves in the region and build their futures is the availability of quality jobs."

He added, "If the government takes bold steps to support and deregulate for corporate investment, prompting large companies to decide to invest, Gwangmyeong Siheung 3rd New Town can grow into a leading self-sustaining city in the metropolitan area where housing and jobs exist in harmony."

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