Seoul to speed up housing supply in mixed industrial zones, targeting 27,000 units

The South Korean government is accelerating plans to supply approximately 27,000 housing units within Seoul's mixed industrial zones. This initiative is a key component of a larger housing supply strategy that the Ministry of Land, Infrastructure, and Transport is expected to unveil later this month.

The focus on mixed industrial zones, such as those in Yeongdeungpo-gu and Guro-gu, aims to balance industrial preservation with the pressing need for residential development in the capital. These zones are specifically designated to accommodate various functions, including housing and commercial activities, while maintaining their industrial capacity.

This move reflects the government's ongoing efforts to address Seoul's persistent housing shortage and rising property prices. By utilizing existing mixed-use areas, authorities hope to increase housing availability without requiring extensive new land development, a challenging prospect in the densely populated city.

The specific details of the housing supply plan are still under review, but the intention to expedite development in these zones signals a proactive approach to urban planning and housing provision in Seoul.