▲ Prime Minister Kim Min-seok (2nd from R) listens to an official during a visit to a housing construction site in Namyangju near Seoul on April 29, 2026. (Yonhap)

PM-housing project

PM calls for speedy housing supply

SEOUL, April 29 (Yonhap) -- Prime Minister Kim Min-seok paid a visit to a large housing construction site near Seoul on Wednesday to check on progress of the massive project designed to build more than 300,000 units around the capital city amid President Lee Jae Myung's push to rein in real estate speculation.

The project, named "Third New City Project," has been under way since 2018, and ground was broken in 2023 to build the likes of Bundang, Ilsan and Pangyo -- newly developed towns under the first and second new city projects -- to supply a total of about 314,000 new homes in Namyangju, Hanam and four other areas on the outskirts of Seoul.

On Wednesday, Kim visited Namyangju's Wangsuk district, the largest site of the project.

"A key priority of the government is to supply quality housing in a speedy, safe and meticulous way," Kim said during the visit, asking those in charge of the project to increase communication with residents and related government agencies to resolve problems as early as possible.

Kim also asked officials to take preemptive measures to secure raw materials amid the Mideast war, officials said.

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