‘Subangsa Site’ This Month’s Subscription Process, “Incheon Gyeongyang Zone starts selling the 3rd new city this month. In Seoul, public housing will be supplied in prime locations near subway stations such as Subangsa site in Dongjak-gu, Namhyeon Zone in Gwanak-gu, Yeongdeungpo-gu Singil 15 area. A total of 4,000 new apartments are scheduled to be supplied in preferred areas in the capital region, drawing significant interest from prospective buyers.”
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Bird’s-eye view of the linear park ‘Gyeongyang Beberi’ entering Gyeongyang area in Incheon. Provided by the Ministry of Land, Infrastructure and Transport,
, ‘According to the Ministry of Land, Infrastructure and Transport on the 3rd, 1,106 public housing units in Incheon Gyeongyang Zone including 747 units in Block A2 (59-84㎡) and 359 units in Block A3 (55㎡ for newlyweds) will be available for subscription this month. This is the first main subscription case among the 3rd new cities. The target move-in date is 2026. It is close to Parkchon Station on the Incheon Line 1, and with the extension of Beolmal-ro and Gyeongmyeong-ro and the new access road to Incheon International Airport Expressway, the accessibility to Seoul is expected to improve further.”,
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, ‘Kindergartens, elementary schools, and junior high schools will be located around the complex. Through the linear park ‘Gyeongyang Beberi’ being developed in the center of Gyeongyang area, residents can access commercial, cultural, and medical facilities within a 5-minute walk. Inside the complex, various convenient facilities such as daycare centers, resident cafes, small libraries, and fitness centers will be included. The government plans to open a model home in Cheongna-dong, Seo-gu, Incheon this month.’,
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Bird’s-eye view of the Subangsa site in Dongjak-gu, Seoul. Provided by the Ministry of Land, Infrastructure and Transport,
, ‘In addition to this, this month, there will be a lottery for 263 units (59㎡ in size) at the Subangsa site in Noryangjin-dong, Dongjak-gu, Seoul, which has attracted great attention as a prime location near the subway lines 1 and 9 between Noryangjin Station and Nodeul Station, providing easy access to major business districts such as Gangnam, Seoul Station, and Yeouido. With the construction of the West Line Suburban Railroad approved by the Private Investment Review Committee, the accessibility to Sinchon is expected to improve as well.”,
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, ‘Located between the Han River and urban parks (such as Sayuksin History Park), this area offers a good residential environment. With this competitive location, this area recorded a high competition ratio of 283 to 1 in a pre-subscription held in June last year. The target move-in date is 2028. The model home for this complex will be set up in front of Bokjeong Station in Jangji-dong, Songpa-gu, in line with the announcement of the sales at the end of this month.’,
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Location of the Namhyeon public housing zone in Seoul. Provided by the Ministry of Land, Infrastructure and Transport,
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, ‘Additionally, on the 4th, the zoning approvals for Namhyeon public housing zone and Singil 15 area will be announced. The Namhyeon zone is a project that involves the redevelopment of an aging military camp (43,000㎡) in downtown to supply 400 public housing units and a new military camp. It is located 200 meters away from Namtaeryeong Station on Line 4, allowing easy access to Gangnam in just 20 minutes.”,
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, ‘Located on the foothills of Mt. Gwanak, facing Umyeon Mountain and Cheonggye Mountain, this area also boasts excellent natural surroundings. Its access to cultural infrastructure such as the Arts Center, department stores, and university hospitals is good. The government plans to expedite the supply schedule by concurrently proceeding with housing design and site development starting next year. As this area is 100% government-owned land, construction will commence immediately upon issuance of permits and completion of designs. The target is to break ground in 2026 and start sales in 2027.’,
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Location of the Singil 15 area in Seoul. Provided by the Ministry of Land, Infrastructure and Transport,
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, ‘The Singil 15 area, designated as a complex public housing zone, is also of interest as it will offer a large supply of 2,300 units. It is close to Yeongdeungpo Station on Line 1 and Sinfeng Station on Line 7. Its excellent access conditions include the Olympic Highway and the Western Expressway, among other major roads. The project aims to receive approval for the mixed-use development (housing project) plans in 2026, start construction in 2028, and start sales in 2029.’,
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, ‘Kim Baesung, head of the Ministry of Land, Infrastructure and Transport’s Public Housing Task Force, stated, “Starting this year, we will break ground on 10,000 homes in the 3rd new cities and carry out the main subscriptions for the first time, marking the beginning of public housing supply in Seoul and the capital region.” He added, “We plan to sufficiently supply housing in the locations and types that the public desires.”‘.
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