Prime Minister Han Seung-soo announced on September 29 that the government plans to supply 190,000 units of 'universal public rental housing' by 2030, featuring medium-sized units ranging from 55 to 84 square meters and high-quality finishes.
In a post on X (formerly Twitter), Han stated, "The high real estate prices have made life difficult for the middle class, including those who are heavily indebted and house poor."
He explained that public rental housing has traditionally been viewed as small units for vulnerable groups, often associated with low quality and inferior materials. However, he emphasized that the 'universal public rental' initiative aims to provide middle-class citizens with access to quality living environments in desirable locations, such as near transit hubs.
Han also assured that the government would not overlook housing supply for vulnerable groups and single-person households, stating, "We will do our utmost to provide various housing options that genuinely contribute to the stability of citizens' housing."
The universal public rental initiative is part of the Ministry of Land, Infrastructure and Transport's recently announced 'Housing Stability Plan for Robust and Dense Housing Welfare.' The government aims to introduce a new type of public rental housing that addresses concerns about limited space, aging facilities, and lack of essential services. The plan includes the construction of 171,000 units and the acquisition of 18,000 units, totaling approximately 190,000 units by 2030.
* This article has been translated by AI.
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