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Hong Nam-ki “Discussion for additional supply of station area”…
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The government is speeding up measures to expand the supply of innovative housing, including additional supply of station areas.
According to relevant ministries on the 10th, the government will hold a meeting of related ministers for real estate market inspection on the 15th, presided by Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance, to check supply measures. Deputy Prime Minister Hong appeared on a broadcast on the same day and said, “We will check the supply of housing by expansion of redevelopment and reconstruction announced last year, and discuss ideas for additional housing supply for the station area.” “It is still under review.” The government is planning to announce the 25th real estate measure before the Lunar New Year holiday next month after examining the market situation and discussing the’framework’ for supply measures at this meeting.
President Moon Jae-in said at the New Year’s first cabinet meeting on the 5th, “We will focus on quickly preparing innovative and diverse housing supply plans.” In this regard, the government is reviewing supply measures through high-density urban development such as station areas, semi-industrial areas, and low-rise residential areas. At a policy meeting on the 5th, Minister of Land, Infrastructure and Transport Byeon Chang-heum said, “We will supply enough housing in the city center by using available land such as the station area.” If you do, you can supply enough housing in downtown Seoul.” It is reported that the plan to utilize the station area is to expand the radius of the subway station area from 350m to 500m and to increase the average floor area ratio of the station area from 160% to 300%. Currently, the average distance between stations in Seoul is 1km, so most of the periphery of subway lines can be candidates. Deputy Prime Minister Hong said, “The biggest key to stabilizing the real estate market is the supply of housing, and we will continue to supply 250,000 households announced last year.”
/ Sejong = Reporter Hwang Jeong-won [email protected]
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