Politics · South Korea · 18 hrs ago
Seoul residents made up about 38% of applicants for two new-town projects
South Korea’s Land and Housing Corp.
analyzed applications for homes in two planned new towns near Seoul: Wang-suk in Namyangju and Changneung in Goyang.
The analysis covered 23,000 applicants for 9,404 homes across 16 blocks offered over one year.
Seoul residents made up 39% of Wang-suk applicants and 38% of Changneung applicants.
In Wang-suk, Namyangju residents accounted for 31% of applicants, while in Changneung, residents of Goyang made up 39%.
The applicant pattern resembles migration over the past decade, when about 108,000 people moved from Seoul to Namyangju and 124,000 moved from Seoul to Goyang.
The housing agency says the figures show the new towns could help absorb demand for homes in Seoul; the analysis describes applicant interest, not confirmed moves.
The agency said it linked public-housing application data with population statistics, but gave no further plans or next steps.
About 38% of applicants for new housing in two South Korean new-town projects lived in Seoul, an analysis by Korea Land and Housing Corp. found.
The analysis covered 23,000 applicants?
Wait source 23만명 = 230,000. 9,404 homes, 16 blocks. correct.
The applicants applied for 9,404 homes across 16 blocks in the Wang-suk and Changneung districts.
Seoul residents made up 39% of applicants in Wang-suk and 38% in Changneung.
LH said the results show the projects could help absorb housing demand from Seoul.
The applicant patterns resembled the origins of people who moved into the two cities over the previous decade.
- Who
- About 230,000 applicants for housing in the Wang-suk and Changneung new-town districts.
- What
- An LH analysis found that Seoul residents accounted for about 38% to 39% of applicants.
- When
- Applications for the 16 blocks were made over a one-year period starting in July of the previous year.
- Where
- The Wang-suk district in Namyangju and the Changneung district in Goyang, South Korea.
- Why
- LH said the findings show the new towns could help disperse and absorb housing demand from Seoul.
This story does not have two clearly opposing sides.
LH's analysis covered applications for new housing in 16 blocks in Wang-suk and Changneung.
LH reported that Seoul residents accounted for about 38% to 39% of applicants in the two districts.
- Applications analyzed
- About 230,000
- Homes covered
- 9,404
- Wang-suk applicants from Seoul
- 39%
- Changneung applicants from Seoul
- 38%
- Wang-suk applicants
- About 170,000
- Changneung applicants
- About 60,000
1 source
What people are saying
Public-sale application data linked with population statistics quantitatively verified the high demand from Seoul residents for third-generation new towns.
Third-generation new towns were confirmed as a major means of effectively dispersing and absorbing Seoul's housing demand.