[4·7 보궐선거] Seoul Mayor Park Young-sun and Oh Se-hoon Candidate, Comparison of Real Estate Commitments: Real Estate: Jaekyung Ilbo

As the influential candidates for the Mayor of Seoul in the 4/7 by-election have been narrowed down to candidates for the Democratic Party of Park Young-sun and the People’s Strength Oh Se-hoon, attention is focused on the real estate pledges of the two candidates.

Both candidates agree that supply should be increased, but there are differences in the supply method.

▲ Agree to increase supply… The way of supply is different

Candidate Park Young-sun has announced plans to supply 300,000 public housing units within five years, and Candidate Se-Hoon Oh’s plan to supply 360,000 customized housing units.

Looking at Candidate Park’s real estate pledge, the key is to use state-owned land and private land to build a half-price apartment through the land lease. Land lease rent refers to a house that the developer leases to tenants and sells only buildings.

To this end, it will use the land created by undergrounding the Gyeongbu Expressway. Candidate Park explained that such lands are owned by the public, such as the state or Seoul, that half-price apartments are possible.

Candidate Oh promoted redevelopment and reconstruction normalization (185,000 households),’win-win housing’ (70,000 households) built by leasing private land,’Moa House’ (30,000 households), an urban townhouse, and succession of the existing Seoul supply plan It plans to secure supply through (110,000 households → 75,000 households).

Win-win housing is a way to use private land. When the private sector provides land, public institutions build houses, but the city of Seoul pays monthly rent to the landlord and provides tax benefits. Housing built on the land secured through this will be supplied as long-term jeonse housing for young people and newlyweds.

Moa House is the idea to create an urban townhouse by gathering several houses located in the city center that do not have space for a single car.

▲ Reconstruction and redevelopment, Park Young-sun’gradual and conditional allowance’ vs. Oh Se-hoon’complete normalization’

In the case of reconstruction and redevelopment, Candidate Park announced that he would’gradually and conditionally allow’ and Oh said that he would’completely normalize’.

Candidate Park has set up a policy to redevelop low-rise residential areas and ease restrictions on reconstruction of old apartment complexes.

Candidate Oh aims to normalize redevelopment and reconstruction. Redevelopment and reconstruction areas where new designation was suspended will be redesignated annually by easing the standards, and old dwellings will be designated as new areas of 35,000 units for five years. In addition, it plans to ease regulations on floor area ratio and number of floors.

In terms of urban planning, Candidate Park is planning to turn the entire city of Seoul into 21 multi-nuclear decentralized cities. Candidate Oh plans to reorganize Seoul into three economic axes and focus on balanced development in the north and south, while intensive development. The plan is to achieve balanced regional development in Seoul by attracting key facilities for jobs, commerce, and education in the northwest, southwest, northeast, and southeast regions.

They announced that they would quickly open the World Cup Bridge, expand the Dongbu Arterial Road, and place light railroads in areas with limited traffic. In addition, they also announced that they would eliminate parking shortages by extending the parking allowable time on the shoulders of arterial roads and promoting underground construction of public parking lots.