Most of Land Transaction Restricted Areas Tied to Government's Aug. 13 Rapid Housing Supply Plan Lifted

Most of the land transaction restricted areas that were designated as a follow-up measure to the government's housing supply initiative in August and had been subject to significant property rights restrictions have been lifted.

The Ministry of Land, Infrastructure and Transport announced a new public housing development plan on October 29, adjusting land transaction restricted areas within the province. It maintained only 39.33㎢ in four cities—Gimpo, Guri, Hanam, and Uijeongbu—as restricted areas, while lifting restrictions on the remaining 324.03㎢ (approximately 89%).

Gyeonggi Province explained on the 3rd that this result reflects the province's recommendation to lift land transaction restricted areas in regions unrelated to new public housing development, which was incorporated into government policy.

Previously, the Ministry of Land, Infrastructure and Transport had designated land transaction restricted areas totaling 363.36㎢ across 10 cities in Gyeonggi Province in accordance with the "Aug. 13 Rapid Housing Supply Plan."

Gyeonggi Province Governor Choo Mi-ae raised the issue during a meeting with Land, Infrastructure and Transport Minister Hong Ji-seon on October 2.

The province recommended that once sites for new public housing development are confirmed, land transaction restricted areas in remaining regions unrelated to development be lifted promptly, and that restricted areas be more precisely delineated to exclude areas where designation is not essential.

The designation period for the adjusted land transaction restricted areas runs for three years from November 3, 2026, to November 2, 2029.

Meanwhile, Gyeonggi Province is currently gathering opinions from city and county governments regarding whether to extend the land transaction restricted area designations for apartments in 12 regions within the province, including Gwangmyeong and Gwacheon, whose designation periods expire on December 31.