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Gov't to Supply 300,000 Public Homes in Capital Region

Written: 2018-09-21 10:52:15Updated: 2018-09-21 15:50:28

Gov't to Supply 300,000 Public Homes in Capital Region

Photo : YONHAP News

The government will supply 35-thousand public homes at 17 locations in the metropolitan area as part of efforts to curb soaring home prices. 

Land, Infrastructure and Transport Minister Kim Hyun-mee on Friday announced a plan to supply a total of some 300-thousand public homes in the capital region.

As the first stage of the project, the ministry released 17 idle sites in Seoul, Incheon and Gyeonggi Province to build and supply 35-thousand public homes from 2021.

For the remaining 265-thousand homes, the government will release plans for 100-thousand homes by the end of this year and for 165-thousand homes by the end of June next year after securing the related sites in phases.

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