The Seoul Metropolitan Government will disclose to the public its progress on redevelopment and reconstruction of aging apartment complexes, along with data on how many units have actually broken ground. The city said the move aims to ease public anxiety over housing supply and strengthen trust in its policies by going beyond permit figures to show actual construction starts.
The city said on the 12th that it will release quarterly data on major redevelopment volumes, changes in progress and construction starts under its Fast-Track Integrated Planning 2.0 program. Figures that have been displayed on a status board in Mayor Oh Se-hoon's office since June are now available to the public through the city's Redevelopment Project Information portal, a website on redevelopment and reconstruction projects.
Housing supply statistics have until now centered on permit volumes, leaving a gap between the figures and what residents experience, because years can pass between approval and the start of construction or move-in. By disclosing construction starts, the stage that leads directly to actual supply, the city aims to let residents track the progress of housing projects themselves.
Residents can view key indicators and project-level information on the portal's main page. The disclosed items include project volumes by district, annual changes in progress, construction starts under Fast-Track Integrated Planning 2.0 by district, and monthly construction volumes with project details. The data show not only planning and permit stages but also where ground is actually being broken.
The city plans to release the data on a continuing basis to reduce vague anxiety over supply conditions and improve predictability in the market. It also intends to use the figures to show that it remains on track to start construction on 310,000 housing units by 2031.
"What matters in these projects is that plans actually lead to construction," said Myung No-jun, head of the city's housing bureau. "Through the portal, we will disclose progress transparently and strengthen trust between the administration and project sites, as well as communication with residents." He added, "We will meet the target of 310,000 units under construction by 2031 without delay and deliver housing supply that residents can feel."