While many are feeling the pinch of an economic slowdown… Jeju’s construction industry is thriving like never before. The continuing influx of people choosing to live on the Island is adding to the housing construction boom. Mike Balfour reports.
This is the construction site of a new residential building in Yeon-dong (연동), Jeju City. Workers are busy laying the foundation for a large-scale multi-housing complex.

Similar sights can be seen elsewhere in Jeju. Construction sites for new buildings are easy to find. Reflecting this trend, there has been a steady increase in the number of construction permits issued in Jeju.


The total area of land in Jeju given permission to build on this year amounts to some 2.6 million square meters. That’s a 27 percent increase from a year ago.


[slug]
51% of construction for residential housing

More than half of all construction is residential and continues to rise.

[camera]
Moon Ho-seong


The total area of land under construction has increased nearly twofold.


One of the reasons for this housing construction boom is the increase in the number of people choosing to start a new chapter of their lives in Jeju.

[INTERVIEW]
Kim Seung-won / Jeju City Construction Division
More residential buildings and recreational facilities are being built as the population continues to grow.
"인구 증가가 지속적으로 늘어나면서 주거용 건축물이 많이 들어서고 있고
주민 편익시설인 근린생활시설도 같이 증가하고 있습니다.

[reporter]
Mike Balfour

As of now, there’s no end in sight to the housing construction boom.
Added to the rise in large-scale apartment complexes and real estate investments, it seems the upward trend will continue.

Mike Balfour KCTV