Seoul mayor pledges more public housing for newlyweds, youth

//Seoul mayor pledges more public housing for newlyweds, youth

Seoul mayor pledges more public housing for newlyweds, youth

By Lee Suh-yoonPark Won-soon, the mayor of Seoul, has pledged to focus on expanding public housing during his remaining three years in office.The preliminary plan is to provide 25,000 new public housing units each year, mainly for newlywed couples and young graduates who lack affordable rent options in the city, let alone the capital to break into the housing market priced way above the average income. Many people are forced out to the surrounding areas in Gyeonggi Province or Incheon and must…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-07-09T06:03:42+00:00 July 9th, 2019|Business|Comments Off on Seoul mayor pledges more public housing for newlyweds, youth