Chapter 442
Until now, the decentralization of the population in the metropolitan area has been truly ineffective.
The same was true for Sejong City, which had garnered much anticipation. Despite being promoted as an administrative complex city and relocating a large number of government agencies, it had little effect.
However, Saemangeum was showing clear results even though the pre-sale plan had not yet been announced.
Internally, a plan has been established to conduct the first round of pre-sales for 200,000 units in the second half of next year, followed by pre-sales of 100,000 units each year.
If the plan proceeds as scheduled, a new city on the scale of a metropolitan city with a population of over one million will be created. Considering that the population of Sejong City is about 300,000, it is more than three times larger.
In addition to companies and factories, it will be a city with perfect self-sufficiency, with the nation's largest integrated resort, theme park, silver town, and international school and Korea University's second campus.
With the creation of a new city that could replace the metropolitan area, where it was already impossible for actual demand to purchase homes, housing prices began to fall sharply.
No one in the world would be happy to see their house price drop. This would be even more true for those who had bought multiple houses with loans.
Korea has a unique housing culture where a significant portion of the population lives in apartment complexes.