Areas in Goyang , Bucheon and two other cities have been selected as public housing sites for the third stage of South Korea's New Town Developments Plan.<br />The government will supply 110-thousand homes across these four areas in addition to the 190-thousand homes being created across Seoul and the surrounding region in the first two stages of the development in an effort to stabilize the housing market.<br />Dami, tell us more.<br />Hi Ji-yoon, with the government revealing the specific public housing sites, all eyes including investors' are on the largest sites in Goyang and Bucheon cities. <br />Last year, the government proposed the three-stage New Town Developments Plan,...aiming at building 300-thousand extra "low-priced but quality" homes to curb soaring house prices, particularly in and around Seoul.<br />Back in September and December, the government announced the sites for 190-thousand new homes, with the largest sites in Namyangju and Gwacheon. And in this third phase, Changneung-dong in Goyang and Daejang-dong in Bucheon will see 58,000 new homes constructed by 2022. <br />The sites for the first two stages were chosen based on the government's development plan. For the last stage,...was there any specific reason as to why these sites were chosen? <br />Being within a 30-minute commute of Seoul was the first qualification...and the sites in Goyang and Bucheon are within one kilometer of Seoul. <br />The ministry said it will further strengthen public transportation systems by extending existing subway lines and establishing new roads and bus rapid transit routes known as S-BRT.<br />The government also will create a family and work friendly environment with plans to run public schools and support start-ups. <br />Now for those who may be interested,... people can apply for the third-stage homes from 2022.<br />In addition,...in order to prevent market speculation, the sites and surrounding areas will be designated as Land Trade Authorization Areas.<br />That's all from me, Ji-yoon. <br />
