The government is speeding up its follow-up measures to supply housing. It appears that the measures will include expanded supply and financial support.

The government plans to unveil a follow-up housing supply strategy next week, which will likely include measures for rapid public and private sector supply, along with financial and tax support. According to government sources, the new measures will focus on expanding supply in areas such as non-apartment buildings, urban public housing complexes, and construction zones.

The government expects the strategy to address the supply shortage exacerbated by a decrease in housing entry volume due to the previous year's slowdown. With Seoul's apartment construction in the first half of this year at only half of the same period last year, the government aims to showcase visible supply results within a short period.

The housing statistics indicate a 52.1% decrease in housing entry volume compared to the same period last year, even when including annexed units. The government is expected to propose complementary measures to enhance the stability and speed of private non-apartment supply. These measures could include improving the efficiency and speed of procedures for non-apartment construction, particularly in urban areas with vacant land.

The government's previous proposal to supply 90,000 non-apartments in the metropolitan area by next year has been replaced by a focus on private non-apartment construction. Additionally, the government is considering a broader range of urban public housing complexes, such as the "9.7 Supply Strategy" and the "Urban Public Housing Complex (UPHC)" project, which offers a special rate of up to 1.4 times the legal density limit.

The government may also designate up to 20,000 units in Seoul's central districts for new housing developments and explore the possibility of rescinding greenbelt development restrictions in central Seoul.