project
A planned 3.03 million square metre national park on the former Yongsan U.S. military base in central Seoul, created under a special redevelopment act.
No evidence-backed relationships are recorded.
Seoul's mayor still refuses housing on the Yongsan Park main grounds, but he has now put a Gangnam sewage plant on the table. The talks stop being about whether and start being about which land.
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Mayor Oh Se-hoon put Seoul's five-year average at 35 newly designated redevelopment zones a year against 17 for the previous decade, and he is asking the land ministry for a fifth more floor area on private sites.
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A bill to carve residential land out of Yongsan Park is before the National Assembly, and the urban planner arguing against it puts the alternative at 500,000 to 1 million homes around Seoul's subway stations.
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A plenary vote on the 26th would clear Camp Kim for apartments, but MOLIT and Seoul still disagree over the park itself, and that split is what sets the supply timeline.
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The July index rose 0.13 points to 3.18%, and KB Kookmin and Woori reprice variable mortgages from the 19th. The tax change that might ease the exit is now being renegotiated.
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Haan Jugong 1 through 12 all moved toward rebuilding, leaving two or three units for sale per complex. A 76-square-meter unit printed 1.12 billion won, up 200 to 300 million in under a year.
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The Aug. 13 fast-track plan books 27,000 homes and promises 73,000 more plots by year-end. Whether the second number exists depends on a meeting between the land minister and Seoul's mayor.
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Most sites for the public housing units held back on Aug. 13 sit in protected land near Gangnam, Songpa and Hanam. The ministry says it will name candidate locations by early October.
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The land ministry put all 3.03 million square metres of Yongsan Park in play. The district, the city government and the park's own special act all stand in the way.
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