The average Seoul apartment sale price exceeded 1.6 billion won for the first time, even as the South Korean government and Seoul Metropolitan Government continued announcing housing supply candidate sites. The Ministry of Land, Infrastructure and Transport (MOLIT) said on the 28th it would review Seoul's proposal to relocate and underground the Tancheon Water Recycling Center in Gangnam-gu and develop the site, the adjacent Dongbu Road Operations Office and Seoul Trade Exhibition Center (SETEC) land into residential areas. Seoul estimates the plan could provide up to 13,000 youth housing units, but relocation, local-government coordination, construction and resident opposition could delay move-in by at least a decade. Other proposals, including the Guro railway depot, Gwacheon Racecourse, Taereung Country Club and the Yongsan International Business District, also face opposition or unresolved relocation issues. KB Real Estate said Seoul's average apartment price reached 1.60739 billion won as of the 10th, while the median price in Seoul's 14 Gangbuk districts exceeded 1 billion won for the first time since statistics began in 2008. MOLIT plans to announce candidate sites for more than 73,000 units as early as next month, while Minister Kim Yoon-duk said discussions with Seoul could secure an additional 30,000 to 40,000 units and lift planned metropolitan-area supply above 100,000. Experts say concrete sales and rental plans, rather than candidate-site announcements alone, are needed to reduce homebuyer anxiety.