South Korea approved its 2027 Comprehensive State-Owned Property Plan and the National Assembly passed six housing-related bills on the 20th, combining state-land development with measures to accelerate urban housing projects. The plan provides 2,000 dormitory units for university students and young workers in Seoul, Sejong and Suwon, pilots senior residences on idle state land in Busan and Wonju, accelerates 28,000 public homes and begins redeveloping about 200 government buildings and official residences more than 30 years old from 2027. The legislative package also eases apartment-remodeling rules by allowing more retail-space expansion and relocation, enabling unit subdivision to increase the number of homes, consolidating planning reviews, requiring construction-cost verification and permitting electronic voting. A separate decree revision under public notice would lower the member-consent threshold for remodeling projects to about 70%. The Korea Remodeling Convergence Society says 150 complexes, totaling 121,317 units, were pursuing remodeling nationwide as of July, including 83 complexes in Seoul. State-owned property was valued at 1,403 trillion won, approximately $1.0 trillion, at the end of 2025, while the government plans to contribute 20 trillion won, approximately $14.3 billion, to a Korean-style strategic sovereign wealth fund. The impact on housing supply will depend on subordinate regulations, local-government support, construction costs and disputes within project unions.