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Gov't Puts off Announcing New Sites for 131,000 Housing Units

Written: 2021-04-29 14:29:58Updated: 2021-04-29 14:43:04

Gov't Puts off Announcing New Sites for 131,000 Housing Units

Photo : YONHAP News

The government has put off announcing around half of the new sites for its public housing development plan due to the land speculation scandal involving employees of the state-run Korea Land and Housing Corporation(LH). 

The Ministry of Land, Infrastructure and Transport unveiled on Thursday sites that will accommodate 18-thousand houses in Ulsan and Daejeon, saying it will postpone announcements of sites for another 131-thousand units until police complete their investigation. 

The units are a little over half of the 250-thousand that the government vowed to supply by creating new housing projects when it unveiled its public housing development plan earlier on February 4. 

Of the 250-thousand units, the government plans to supply 180-thousand in the Seoul metro area and 70-thousand in other regions. 

The Transport Ministry announced on February 24 its first designation of sites where 101-thousand homes will be built in line with the February 4 development plan, including 70-thousand in Gwangmyeong and Siheung in Gyeonggi Province.

Following the designation of these two cities, the government has postponed announcements regarding housing sites for 110-thousand units earmarked for the Seoul metro area.

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