Why increasing the housing supply in Seoul is completely useless..
Machine translated
Despite massive supply bringing the housing coverage rate to nearly 100%, the proportion of non-homeowning households exceeds 50%.
It's not as if there hasn't been any supply; although there is a time lag, there has been a net supply of 35,000 units every year.
(Net increase in housing = New supply - Demolished housing)
In other words, Seoul is not a problem that can be solved simply by increasing supply.
Even if we develop public housing sites, sell them, and pour in budgets to increase the housing supply here, it will just be a waste.
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