Seoul Mayor Oh Se-hoon accused the government and the ruling Democratic Party of Korea of politicizing housing policy as negotiations over housing supply at Yongsan Park remained deadlocked for a second day. The government said it would review Seoul’s proposal to relocate and underground the Tancheon Water Recycling Center in Ilwon-dong, Gangnam-gu, and develop the site, the adjacent Dongbu Road Operations Office and Seoul Trade Exhibition Center (SETEC) land into residential areas and a specialized industrial complex. Seoul estimates the plan could provide up to 13,000 youth housing units, but relocation, local-government coordination, construction and resident opposition could delay occupancy by at least a decade. Oh said Seoul could begin construction on 310,000 units by 2031 with government support for urban renewal, while projected net additions could rise to about 130,000 from 87,000 if redevelopment floor-area ratios were eased to 1.2 times the legal limit. He opposed transferring permitting authority for redevelopment and reconstruction projects under 500 households to local districts, calling the proposal an effort to bypass Seoul Metropolitan Government. Housing-market anxiety intensified as KB Real Estate reported Seoul’s average apartment sale price reached 1.60739 billion won as of the 10th, while the median price across Seoul’s 14 Gangbuk districts exceeded 1 billion won for the first time since statistics began in 2008. The Ministry of Land, Infrastructure and Transport plans to announce candidate sites for more than 73,000 units as early as next month, and Minister Kim Yun-duk said consultations with Seoul could secure an additional 30,000 to 40,000 units, potentially lifting planned metropolitan-area supply above 100,000.