The Seoul city government announced special measures as the shortage of lump - sum deposit ‘ jeonse ’ homes would likely worsen due to a flurry of moving demand from reconstruction of apartments in four posh southern Gangnam districts in Seoul - Gangnam - gu , Seocho - gu , Songpa - gu and Gangdong - gu . Source : Yonhap News The measures center on dispersing and adjusting the moving timeline and ramping up rental home supplies in Gangnam areas . However , they will likely prompt controversy as it is not easy to scatter the timeline and the increased rental housing supply plan in Gangnam districts would invite backlash . Jin Hee - seon , head of the housing construction bureau at the Seoul City government , said during the briefing Monday , “ housing supply is forecast to overwhelm demand in Seoul , but four Gangnam districts would see housing shortages until next year and then demand would exceed supply from 2017 there . ” The head added , “ the areas will lack 6 , 500 housing units as more houses will be demolished than available housing units this year , continuing instability regarding rising lump - sum jeonse deposit in neighboring areas . ” The Seoul city government expected the housing market to be unstable in the second half more severe than in the first half . Notably , Gangdong - gu would suffer considering it has the highest gap between housing supply and demolished buildings . According to the city government , Gangdong - gu lacks a total of 3 , 600 housing units this year . In response , the city government released counter measures with the timeline for movement . In other words , if housing supply and demand continues to be unstable , it would adjust the timeline for movement during the application process for reconstruction . It also drew up the plan to supply public rental housing mainly in Gangnam districts . The Ministry of Land , Infrastructure and Transport said on the day that it would cut the Didimdol Mortgage Loan interest rate by 0 . 3 percentage points . [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]