Gyeonggi Province's Recommendation Reflected: 89% of 'Land Transaction Permit Zones' Lifted... 324 sq km in total

Gyeonggi Province's recommendation to the government to promptly lift land transaction permit zones in areas unrelated to new public housing site development and to define the designated boundaries more precisely was reflected in the latest adjustment, resulting in the lifting of restrictions on about 89% of the province's permit zones.

Gyeonggi Province said that 324.03 sq km of the 363.36 sq km designated as land transaction permit zones in the province in August as a follow-up measure to housing supply was lifted as of November 3. Under the adjustment, only 39.33 sq km in four cities—Gimpo, Guri, Hanam, and Uijeongbu—will remain designated.

Under the “8·13 Housing Fast Supply Plan,” the Ministry of Land, Infrastructure and Transport had designated 363.36 sq km across 10 cities in the province as land transaction permit zones. It later adjusted the zones on October 29, when it announced its plan to supply new public housing sites.

The adjustment reflected Gyeonggi Province's September 22 recommendations to the Ministry of Land, Infrastructure and Transport to promptly lift the permit zones and define their designated boundaries more precisely. Gyeonggi Province Governor Choo Mi-ae also made the same request during a meeting with the minister of land, infrastructure and transport on October 2.

Gyeonggi Province had recommended that, once the locations for new public housing sites were finalized, the permit zones in areas unrelated to development be promptly lifted and the boundaries be drawn precisely so that areas where designation was not necessary would not be included. The aim was to prevent speculative transactions linked to new housing site development without unnecessarily restricting the property rights of residents in areas unrelated to development.

Accordingly, the government divided the permit zones into smaller areas at the neighborhood (dong) level, focusing on candidate sites for new housing and nearby areas. In Guri, for example, the zone was reduced from 12.28 sq km to just 3.22 sq km in Sano-dong, where a candidate site for a new housing development is located. In Hanam, the designated area was also significantly reduced, with only 7.17 sq km around Gambuk, Gamil, and Misa-dong remaining, down from 70.14 sq km.

Gyeonggi Provincial Government

The adjusted land transaction permit zones will remain in effect for three years, from November 3, 2026, through November 2, 2029.

Gyeonggi Province said the adjustment will preserve the original purpose of the system—to prevent speculation arising from new housing site development—while easing restrictions on land transactions for residents in areas unrelated to development.

Meanwhile, Gyeonggi Province is gathering opinions from cities and counties on whether to extend the apartment land transaction permit zones in 12 areas across the province, including Gwangmyeong and Gwacheon, where the designations expire on December 31.

On October 15, 2025, the government designated apartments in 12 areas—including all of Gwacheon and Gwangmyeong, as well as Bundang-gu, Sujeong-gu, and Jungwon-gu in Seongnam—as land transaction permit zones for about one year and two months, through December 31, 2026, under the “10·15 Real Estate Measures,” aimed at stabilizing housing prices in the Seoul metropolitan area.

Gyeonggi Province plans to submit its recommendations to the government on lifting, renewing, or partially lifting the designations, based on a comprehensive review of quantitative indicators such as apartment transaction volumes and land price fluctuation rates, qualitative indicators such as concerns about real estate speculation, and the opinions of cities and counties.

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