110,000 More Residential Units to Be Built Around Seoul
Pretty soon every piece of flat land around Seoul is going to have an apartment unit sitting on it:
The Ministry of Land, Infrastructure and Transport on Tuesday laid out plans to build an additional 110,000 residential units in 28 locations including the two new towns, which are in addition to three new town projects announced by the Moon Jae-in government last December.
Joong Ang Ilbo
That completes the Moon government’s grand scheme of building 300,000 housing units around the greater Seoul area to cool the real estate market.
According to the Land Ministry, 38,000 residential units will be built on a 8.13 million-square-meter (2,009-acre) area in Changneung-dong in the city of Goyang. Some 20,000 residential units will be built on a 3.43 million-square-meter area in Daejang-dong in Bucheon. Both are in Gyeonggi.
The remaining 52,000 housing units will be in smaller projects in 26 locations around Seoul and Gyeonggi.
For example, 12,000 residential units will be built around Sadang Station in southern Seoul while 300 units will be built on a former railroad property near Wangsimni Station in central Seoul. As was the case with the new towns announced in December, both of the two newly-added towns are close to Seoul.
You can read more at the link.
And you think Yongsan will stay green space 😛
One can always hope there will be some sanity somewhere…
https://www.youtube.com/watch?v=PSZxmZmBfnU
When I lived in Bucheon, a number of us foreigners referred to the high rise apartment projects as “dominoes” because “All it would take is one good earthquake, and they’ll all topple like dominoes”.