Korean Government Announces More Apartment Construction Projects for Greater Seoul Area

More apartment construction is coming to the greater Seoul area:

The government named 17 sites where 35,000 apartment units will be built in the greater Seoul area, one of its attempts to cool off the overheated real estate market.

This is the first batch of sites the government announced. An additional 13 sites and 265,000 units will be announced later, including four to five “new cities” to be built next to the first generation of new cities such as Ilsan and Bundang in Gyeonggi.

The Ministry of Land, Infrastructure and Transport on Friday said it plans to supply 10,000 apartment units in Seoul on 11 sites. However only two areas in Seoul were disclosed as it is still working with the Seoul city government. The ministry said the Seoul government will announce the nine remaining sites.

The ones that were disclosed were Songpa District, southeastern Seoul, where the relocated Seongdong Detention Center used to stand, and Gaepo-dong, Gangnam District, southern Seoul. The two sites that were named are located on the edge of the nation’s capital, contrary to previous speculation that they would be located in the center of the city.  [Joong Ang Ilbo]

You can read more at the link, but Uijongbu has been selected as a suburb of Seoul that will also have more apartments constructed.  The government has not released where the apartments will be built, but with the closure of Camp Red Cloud in the near future, the old USFK military base could become yet another area in Korea covered in apartments.