1st New Town Reconstruction Migration Demand, Leave It to Housing Market

Even if the government entrusts the market with the demand for the reconstruction of the first new city, it is unlikely that a lease on a deposit basis will occur, so it has decided to entrust it to the housing market.

The Ministry of Land, Infrastructure and Transport said it determined that the supply was sufficient within 10km of the surrounding area after identifying the amount of occupancy for five years from 2027 to 2031, when the relocation of the reconstruction leading area begins.

However, considering that moving in may be short temporarily and locally, we have prepared a supplementary plan to supply 7,700 public and private houses to idle sites inside and outside the first new city.

This includes the site of a public health center near Seongnam Library and the Gunpo government and government industrial area.