16,000 pre-subscribers ‘in trouble’
As the scheduled move-in period for the 3rd new city is expected to be delayed by 1 to 2 years, 16,000 pre-subscribers are in a difficult situation. As the private sector’s ‘supply drought’ continues, there is a growing possibility that the housing shortage will worsen due to disruptions in public supply먹튀검증.
According to data submitted by the Ministry of Land, Infrastructure and Transport by Democratic Party lawmaker Hong Ki-won, a member of the Land, Infrastructure and Transport Committee of the National Assembly on the 12th, the first move-in period for the 3rd new city has been postponed by at least 1 to 2 years from 2025 to 2026. Gyeyang, Incheon, which has the fastest pace of construction among the 3rd new towns, was originally targeted for occupancy in 2025, but it was changed to the second half of 2026. Hanam Gyosan’s expected occupancy date, which was 2025, was also postponed to the first half of 2027. Goyang Changneung and Bucheon Tomb were postponed from 2025 to the second half of 2027. The first move-in to Gwangmyeong Siheungdo, the largest of the 3 new towns with 70,000 households, is scheduled for 2031.
The 3rd new town is a project to supply 282,000 households in the metropolitan area, including Gyeyang in Incheon and Namyangju, Hanam, Goyang, and Bucheon in Gyeonggi Province. After the announcement of candidate sites in 2018, the Ministry of Land, Infrastructure and Transport immediately began designating districts and providing compensation. In 2021, pre-subscriptions were held for six business sites excluding Gwangmyeong-Siheung and Poansan, Uiwang-gun. However, none of these places have completed the compensation process. This is because friction between land owners and developers continues over compensation issues, and there is ongoing controversy over the demolition business rights. Hanam Gyosan was originally supposed to start construction last June, but it was postponed to the second half of the year due to delays in the compensation schedule.
In addition, Korea Land and Housing Corporation (LH), which is leading the supply of the 3rd new city, is expected to slow down its project pace as it faces demands for cartel abolition and internal reform. Previously, following instructions from Minister of Land, Infrastructure and Transport Won Hee-ryong, LH suspended service contracts with transmission companies. Among these, services related to the 3rd new city were also included, making disruption of the entire project inevitable. The Ministry of Land, Infrastructure and Transport is in the position of introducing public housing supply measures along with LH reform. As the 3rd new city project is delayed, more than 16,000 pre-subscription winners are also growing worried. My move-in plan went awry and I have to find a new place to live for the time being.
Representative Hong Ki-won said, “As construction indicators have recently plummeted, there are concerns about a rise in housing prices due to a housing supply shortage in the next 2-3 years.” He added, “If trust in the government’s supply policy is shaken due to repeated delays, it will not only affect the housing stability of new city pre-subscription winners, but also the housing stability of new city pre-subscription winners.” “As the overall housing market may become unstable, the government must come up with realistic measures,” he said.