Government to release biweekly housing supply updates, targets up to 235,000 groundbreakings in greater Seoul by year-end

The government will begin releasing biweekly updates on housing supply progress starting this month, as it pushes to deliver a record-high 1.5 million units across the greater Seoul area over five years — tracking groundbreakings, pre-sales and move-ins to keep the supply drive on schedule.

The Office for Government Policy Coordination and the Ministry of Land, Infrastructure and Transport held the first regular housing supply briefing on Friday, covering the operational framework for future briefings, supply progress and outlook for the greater Seoul area, and the status of key policy tasks aimed at stabilizing the jeonse and monthly rent market.

Going forward, the two agencies will alternate hosting the briefings twice a month. The goal is to improve predictability by disclosing housing supply progress at each stage — groundbreaking, pre-sale and move-in.

Kim Yong-su, second deputy minister of the Office for Government Policy Coordination, said housing supply is not just about announcing plans but about actually delivering the promised units. "Related ministries, local governments and public institutions will work as one team to swiftly remove obstacles on the ground and concentrate pan-government capacity to ensure major projects proceed on schedule," he said.

The government also plans to build a one-stop digital dashboard for the public, providing supply plans and progress, policy updates, pre-sale and rental information, and links to related websites, with detailed project data available on an interactive map. A pilot dashboard on the Land Ministry's website is set to launch within the fourth quarter, after which the government will work to integrate all supply data into a single upgraded platform.

The dashboard will present Seoul and greater Seoul supply figures through statistics and charts, and will link to services such as the apartment subscription site so users can apply for pre-sales and rentals directly.

Alongside these measures, the government announced a plan to break ground on 1.5 million housing units over five years — the highest target of any administration — equivalent to about 298,000 units per year.

This year, the government is targeting 268,000 groundbreakings in total, including 62,000 public-sector units. As of the second week of this month, more than 99,000 units — about 37% of the annual target — had already broken ground.

Of the 62,000 public housing units targeted for groundbreaking this year, 16,200 — about 26% — have broken ground. For newly built purchased housing, 13,000 units have started construction, representing 31% of the 42,000-unit target. The government said supply is expanding particularly in transit-oriented areas and other locations popular with younger residents.

Private redevelopment projects have also seen 17,000 units — 23.6% of the 72,000-unit annual target — break ground. Seoul accounted for the largest share at 11,000 units, including projects in Heukseok District 11 in Dongjak-gu and Junggye-bondong in Nowon-gu, followed by Gyeonggi Province at 4,000 units and Incheon at 2,000 units. Other housing categories — including public land development and local housing cooperatives — have seen 47,000 units break ground, or 54.7% of their target.

The government projected that up to 235,000 units — 88% of the annual target — will have broken ground by year-end. It also plans to announce pre-sales for about 10,000 publicly developed homes, including roughly 2,000 units in the third-generation new towns, and to open applications for more than 5,000 public rental units.

Jeong Woo-jin, head of the Land Ministry's housing supply task force, acknowledged that groundbreakings are somewhat concentrated toward year-end due to the aggressive targets set. "We will work to spread the volume more evenly throughout the year going forward," he said.

The Office for Government Policy Coordination and the Land Ministry said the government has activated a cross-ministry monitoring system led by the prime minister to closely track follow-up measures from the Aug. 13 housing package and manage progress and delays in major supply projects.

Vice Minister Kim I-tak said the government has completed 48 of the 145 detailed action items under the Aug. 13 package and plans to carry out the remaining tasks on schedule without disruption.