What is South Korea planning to do about public sale and rental housing through 2030?

The government plans to supply 1.19 million public sale and rental homes by 2030. The Ministry of Land, Infrastructure and Transport said the program is meant to expand affordable housing options for people who do not own homes.

Who is the housing stabilization plan meant to help?

The plan focuses on tailored housing support for low-income households, young people and newlyweds. The ministry said the goal is to help households that are having trouble entering the private housing market.

Gov't plans 1.19 mil. public sale, rental homes amid housing price pressures

Q: How will the 1.19 million homes be supplied?

The homes will come from several channels, including new construction on public land, purchases of privately built homes for conversion into public rental housing and programs that use existing private-sector housing.

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Summary

The government said Monday it plans to supply 1.19 million public sale and rental homes through 2030, mostly in the Seoul metropolitan area, amid rising housing prices. The Ministry of Land, Infrastructure and Transport unveiled the housing stabilization plan to support low-income households, young people and newlyweds. The plan calls for an average of about 240,000 homes a year, with 77 percent concentrated in the Seoul metropolitan area.

Key Facts

The total supply target is about 1.19 million homes through 2030.
The plan averages about 240,000 homes per year.
About 77 percent of the planned homes will be concentrated in the Seoul metropolitan area.
The ministry said the supply is equivalent to about 13.6 percent of the country’s 8.71 million rental housing units as of 2024.
The homes will be supplied through new construction on public land, purchases of privately built homes for public rental conversion and programs using existing private-sector housing.

By Yonhap

Published Sep 21, 2026 4:17 pm KST

Apartment complexes are seen from Mount Nam in central Seoul, Sunday. Yonhap

The government said Monday it aims to supply 1.19 million public sale and rental homes through 2030, mostly in the Seoul metropolitan area, as part of its effort to expand housing support.

The Ministry of Land, Infrastructure and Transport unveiled the housing stabilization plan, which focuses on providing tailored housing support for low-income households, young people and newlyweds amid rising home prices in the greater Seoul area.

Under the plan, the government aims to supply an average of about 240,000 homes annually, totaling 1.19 million units through 2030. About 77 percent will be concentrated in the Seoul metropolitan area, where housing demand remains particularly high.

The planned supply is equivalent to about 13.6 percent of the country's 8.71 million rental housing units as of 2024.

The homes will be supplied through various programs, including new construction on public land, purchases of privately built homes for conversion into public rental housing and programs utilizing existing private-sector housing.

The ministry said the measures are aimed at expanding affordable housing options for households that do not own homes, particularly those facing difficulties entering the private housing market.

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