After President Moon Jae-in's term comes to an end next year, he is expected to move into a newly constructed post-retirement home in Pyeongsan Village in Yangsan, South Gyeongsang, with his wife, First Lady Kim Jung-sook.

The external construction of Moon's private mansion is nearly done, according to a statement released Wednesday by the Blue House. Interior construction, which includes the installation of electrical cabling, is now in the process.

In addition to the mansion, guard facilities are being constructed nearby, albeit the work is progressing at a slower rate than the residence. The house's pastel gray-blue roof and white walls can now be seen through construction screens, as can the white trim around the windows.

It is anticipated that the construction of the new private mansion would be finished by the end of March next year, with the first phase of work beginning in April. Moon's term as president comes to a close in early May.

President Moon and First Lady Kim purchased a two-story house with a total floor area of 2,630.5 square meters (28,314 square feet) in April of last year in Pyeongsan Village in Jisan-ri, Habuk-myeon, which is close to their original residence in Maegok Village in Yangsan, where the president was born.

From the Moon couple's personal savings, they were able to purchase the property for approximately 1.064 billion won ($892,000).

In compliance with the appropriate statute on protection for past presidents, the Presidential Security Service is constructing a security office and housing for the guards near the residence.

After retirement, the president and first lady had intended to return to Maegok, where they had resided since 2008, but they ultimately picked Pyeongsan Village for security concerns, since the former mansion would not have been able to accommodate the security officers.

Local neighbors first voiced their displeasure with the construction noise and other inconveniences, while others expressed their support for the relocation. The community is ideal for trekking, lying near the picturesque Mount Yeongchuk, frequently referred to as the Alps of Yeongnam.

A short distance from the property lies the Tongdosa Temple, a temple dedicated to the Jogye Order of Korean Buddhism and a Unesco World Heritage Site. It is located approximately 2 kilometers (1.2 miles) away. Moon's mother, Kang Han-ok, is buried 13 kilometers away at a nearby cemetery.

Also within driving distance is Bongha Village in Gimhae, where Moon's lifelong friend, former President Roh Moo-hyun, for whom he worked as senior secretary for civil affairs and chief of staff, is laid to rest.

Moon expressed his desire to live as a "forgotten person" after retirement in a news conference held on New Year's Day, January 14, 2020.