LH President Lee Seong-hun inspects Goyang Changneung site the day after parliamentary audit

[Financial News] The day after the parliamentary audit concluded, Lee Seong-hun, president of Korea Land and Housing Corporation (LH), headed to Goyang Changneung, a third-generation new town where the first residents are due to move in in about a year. Lee called for transportation and everyday-life infrastructure to be fully in place by the time residents move in. He also announced plans to build universal public rental housing targeting even middle-income households, with quality on par with homes for sale.
According to LH on the 13th, Lee visited the Goyang Changneung Public Housing District that day to check on progress in land development and housing construction.
LH said the visit was intended to rapidly put into action on site the calls for housing stability and expanded supply made at the parliamentary audit the previous day. The inspection focused on two areas: the First Village move-in schedule and the installation of infrastructure, and the supply plan for universal public rental housing.
The first place Lee inspected was First Village. It comprises 2,089 households across three blocks, A4, S5 and S6. Construction began in October 2024, and progress is currently about 45% in each block. Residents are scheduled to move in in December 2027. Lee stressed that housing, transportation and everyday-life infrastructure must all be ready on schedule so residents do not experience any inconvenience when move-ins begin. About 14 months remain until then. In other words, the remaining construction work must be completed while infrastructure is also brought online on schedule. Shortages of transportation and convenience facilities in the early stages of occupancy have been a repeatedly cited problem in first- and second-generation new towns as well.
Goyang Changneung is a planned new town covering about 7.89 million square meters in the Deogyang District area of Goyang, with 38,000 households and about 92,000 residents. It borders Seoul’s Eunpyeong District and Mapo District and is well connected by regional transit networks such as Metropolitan Area Rapid Transit Line A (GTX-A) and the Goyang-Eunpyeong Line. It was designated as a district in March 2020, and land development work began in May 2023.
Lee then moved to the site planned for a pilot project for universal public rental housing within the district and checked on its progress. There, he stressed that location and quality were paramount. Universal public rental housing is a type included in the government’s rapid housing supply plan (the 8·13 measures), introduced to stabilize the jeonse, monthly rental and home-sale markets. The homes are being built with larger floor areas in prime locations near transit stations in the capital region so that middle-income households can also live in them. A key feature is the inclusion of community spaces tailored to the needs and preferences of different groups, including young people and newlyweds.
The visit continued the drive to accelerate projects that Lee has pursued since taking office. After taking office on July 6, Lee visited the Seoripul District in Seoul’s Seocho District two days later for his first site visit and ordered that the groundbreaking be brought forward by at least a year from the announced schedule.
Lee said, “We need to pick up the pace so we can quickly supply housing in prime locations, such as areas near transit stations, where diverse groups, including young people and newlyweds, can live with peace of mind for the long term. We will change the public’s perception of public rental housing by ensuring that the overall quality of the homes—including floor plans, finishing materials, community facilities and residential services—is on a par with homes for sale.”

[email protected] Jeong Gyeong-su Reporter