Land Minister Kim Yun-duk, left, speaks during a press briefing on the government's new housing supply policy at Government Complex Seoul, Thursday. Yonhap
The government unveiled a plan Thursday to add more than 230,000 homes across Seoul and surrounding Gyeonggi Province, as well as accelerating construction of already planned housing units, as part of President Lee Jae Myung's struggling efforts to tame rising home prices and rents.
The government will designate new public housing districts and construct approximately 27,000 units in three locations. Western Seoul's Gangseo District will be the site of about 1000 new units, while Namyangju and Gwangju in Geyonggi Province will receive roughly 21,200 and 4,500 homes, respectively.
The ministry plans to begin construction at the three sites within three to four years, and announce the remaining sites as soon as possible.
The government also said it will move up the construction of 89,000 homes already scheduled to be built at sites including the Taereung military golf course in Nowon District, Seoul, and Seoul Racecourse Park in Gwacheon, Gyeonggi Province.
